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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

Canadian Dollar/Japanese Yen (FOREX:CADJPY)

Sidelines Mode (+55) - CADJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
90.6705 90.8080 90.1600 90.3100 -0.3605
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Oct 10th, 2021 at 90.2100

intermediate term down The intermediate-term trend has been DOWN since Jan 24th, 2022 at 90.2405

short term up The short-term trend has been UP since Jan 26th, 2022 at 90.7500

Smart Scan Analysis for CADJPY

Based on our trend formula, CADJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.6705 90.8080 90.1600 90.3100 -0.3605
Prev. Close Volume Bid Ask Time
90.6705 2022-01-28 12:10:08
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