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Forex Trend Analysis Report

Prepared for you on Saturday, July 11, 2020.

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
78.64443 78.67000 78.64443 78.64443 0.00000
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Jun 5th, 2020 at 81.46000

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 77.25550

short term down The short-term trend has been DOWN since Jul 7th, 2020 at 79.10235

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
78.64443 78.67000 78.64443 78.64443 0.00000
Prev. Close Volume Bid Ask Time
78.64443 78.53942 78.74944 2020-07-11 07:14:44
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