Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Countertrend Up (+85) - CADJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for CADJPY
The long-term trend has been UP since Feb 8th, 2024 at 110.7000
The intermediate-term trend has been UP since Mar 20th, 2024 at 111.6375
The short-term trend has been DOWN since Mar 28th, 2024 at 111.2855
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
111.731 | 111.770 | 111.610 | 111.708 | -0.023 |
Prev. Close | Volume | Bid | Ask | Time |
111.731 | 2024-03-29 08:41:58 |