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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Canadian Dollar/Japanese Yen (FOREX:CADJPY)

Countertrend Down (-85) - CADJPY 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 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.

Open High Low CADJPY Price Change
95.905 96.913 95.830 96.209 +0.304
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 8th, 2023 at 100.11000

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).

Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
95.905 96.913 95.830 96.209 +0.304
Prev. Close Volume Bid Ask Time
95.905 2023-03-21 11:03:55
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