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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.

FOREX_CADJPY
Open High Low CADJPY Price Change
111.731 111.770 111.610 111.708 -0.023
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Feb 8th, 2024 at 110.7000

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2024 at 111.6375

short term down 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).

+85
Smart Scan Analysis for CADJPY
Strong Downtrend Sideways 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
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