Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Japanese Yen/Canadian Dollar (FOREX:JPYCAD)
Crossroads (+60) - JPYCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPYCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYCAD
The long-term trend has been DOWN since Apr 14th, 2023 at 0.009913
The intermediate-term trend has been UP since Nov 20th, 2023 at 0.009303
The short-term trend has been UP since Nov 27th, 2023 at 0.009183
Smart Scan Analysis for JPYCAD
Based on our trend formula, JPYCAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).