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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Canadian Dollar/Japanese Yen (FOREX:CADJPY)

Bull Market Weakness (+75) - CADJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADJPY as it may be in the beginning stages 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.

FOREX_CADJPY
Open High Low CADJPY Price Change
110.1300 110.3800 109.9945 110.2995 +0.1695
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Feb 8th, 2024 at 110.7000

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 110.1425

short term up The short-term trend has been UP since Mar 13th, 2024 at 109.5965

Smart Scan Analysis for CADJPY

Based on our trend formula, CADJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
110.1300 110.3800 109.9945 110.2995 +0.1695
Prev. Close Volume Bid Ask Time
110.1300 2024-03-18 23:25:54
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