Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
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 Feb 2nd, 2025 at 105.75
The intermediate-term trend has been DOWN since Jan 16th, 2025 at 108.07
The short-term trend has been UP since Feb 4th, 2025 at 107.79
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 |
|---|---|---|---|---|
| 107.2550 | 108.0210 | 106.8045 | 106.9175 | -0.3375 |
| Prev. Close | Volume | Bid | Ask | Time |
| 107.2550 | 2025-02-04 23:54:04 |