Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Bear Market Rally (-75) - CADJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADJPY as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for CADJPY
The long-term trend has been DOWN since Feb 27th, 2020 at 81.2800
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 81.5855
The short-term trend has been DOWN since Mar 29th, 2020 at 76.6275
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).