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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Long-Term Uptrend (+90) - CADJPY is in a strong uptrend that is likely to continue. While CADJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 5th, 2024 at 110.7200
The intermediate-term trend has been UP since Oct 2nd, 2024 at 108.5470
The short-term trend has been UP since Nov 20th, 2024 at 111.1065
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 110.5175 | 110.8845 | 110.1405 | 110.2960 | -0.2215 |
| Prev. Close | Volume | Bid | Ask | Time |
| 110.5175 | 2024-11-22 07:20:03 |