Forex Trend Analysis Report

Prepared for you on Sunday, May 9, 2021.

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.

Open	High	Low	CADJPY Price	Change
89.4807	89.5013	89.4807	89.5013	+0.0206
Entry Signal

MarketClub’s Trade Triangles for CADJPY

The long-term trend has been UP since Jun 5th, 2020 at 81.4600

The intermediate-term trend has been DOWN since Apr 19th, 2021 at 86.5115

The short-term trend has been DOWN since Apr 5th, 2021 at 87.8600

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).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
89.4807	89.5013	89.4807	89.5013	+0.0206
Prev. Close	Volume	Bid	Ask	Time
89.4807				2021-05-09 06:56:43

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