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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

Japanese Yen/Canadian Dollar (FOREX:JPYCAD)

Countertrend Down (-85) - JPYCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_JPYCAD
Open High Low JPYCAD Price Change
0.00895937 0.00900461 0.00895025 0.00895300 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for JPYCAD

long term down The long-term trend has been DOWN since Feb 8th, 2024 at 0.00903454

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2024 at 0.00895738

short term up The short-term trend has been UP since Apr 12th, 2024 at 0.00897100

Smart Scan Analysis for JPYCAD

Based on our trend formula, JPYCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for JPYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00895937 0.00900461 0.00895025 0.00895300 -0.00000600
Prev. Close Volume Bid Ask Time
0.00895937 2024-04-14 23:39:28
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