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Forex Trend Analysis Report
Prepared for you on Saturday, July 11, 2020.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Sidelines Mode (+55) - CADJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for CADJPY
The long-term trend has been UP since Jun 5th, 2020 at 81.46000
The intermediate-term trend has been UP since May 19th, 2020 at 77.25550
The short-term trend has been DOWN since Jul 7th, 2020 at 79.10235
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 78.64443 | 78.67000 | 78.64443 | 78.64443 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 78.64443 | 78.53942 | 78.74944 | 2020-07-11 07:14:44 |