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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.

FOREX_CADJPY
Open High Low CADJPY Price Change
97.7280 98.2020 97.5955 97.9200 +0.1920
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term down The long-term trend has been DOWN since Nov 29th, 2022 at 101.52900

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 98.15527

short term up 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).

-65
Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
97.7280 98.2020 97.5955 97.9200 +0.1920
Prev. Close Volume Bid Ask Time
97.7280 2023-03-30 14:45:42
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