Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Strong Downtrend (-100) - CADJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADJPY continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADJPY
The long-term trend has been DOWN since Jul 24th, 2024 at 110.88100
The intermediate-term trend has been DOWN since Jul 15th, 2024 at 115.49369
The short-term trend has been DOWN since Jul 11th, 2024 at 117.67000
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 111.32400 | 111.98300 | 110.76150 | 111.17177 | -0.15223 |
| Prev. Close | Volume | Bid | Ask | Time |
| 111.32400 | 2024-07-26 20:59:38 |