Free Daily Analysis
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADJPY
The long-term trend has been DOWN since Nov 29th, 2022 at 101.52900
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 98.15527
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).
| 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 |