Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Weak Downtrend (-65) - CADJPY is showing signs of a strengthening downtrend. Monitor CADJPY as it may be building momentum to the downside.
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 Nov 29th, 2022 at 101.52900
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 98.15527
The short-term trend has been UP since Mar 27th, 2023 at 96.32950
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).