Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, May 9, 2021.

Canadian Dollar/Japanese Yen (FOREX:CADJPY)

Crossroads (+60) - CADJPY is struggling to move into a solid trend. Beware of choppy markets 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
89.4807 89.5013 89.4807 89.5013 +0.0206
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Jun 5th, 2020 at 81.4600

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2021 at 86.5115

short term down The short-term trend has been DOWN since Apr 5th, 2021 at 87.8600

Smart Scan Analysis for CADJPY

Based on our trend formula, CADJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89.4807 89.5013 89.4807 89.5013 +0.0206
Prev. Close Volume Bid Ask Time
89.4807 2021-05-09 06:56:43
Get a free daily analysis and signals for Canadian Dollar/Japanese Yen (CADJPY) - Request Your Free Report.