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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
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.
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MarketClub’s Trade Triangles for CADJPY
The long-term trend has been DOWN since Jul 24th, 2024 at 110.881
The intermediate-term trend has been UP since Oct 2nd, 2024 at 108.547
The short-term trend has been UP since Oct 21st, 2024 at 108.973
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 109.61670 | 109.62459 | 109.61670 | 109.61670 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 109.61670 | 2024-10-26 04:48:11 |