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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 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.
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MarketClub’s Trade Triangles for CADJPY
The long-term trend has been UP since Nov 5th, 2024 at 110.72000
The intermediate-term trend has been UP since Dec 20th, 2024 at 110.88388
The short-term trend has been DOWN since Dec 24th, 2024 at 108.57900
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 109.6155 | 109.6235 | 109.2245 | 109.5520 | -0.0635 |
| Prev. Close | Volume | Bid | Ask | Time |
| 109.6155 | 2024-12-26 06:37:56 |