Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
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.
MarketClub’s Trade Triangles for CADJPY
The long-term trend has been UP since Oct 10th, 2021 at 90.2100
The intermediate-term trend has been DOWN since Jan 24th, 2022 at 90.2405
The short-term trend has been UP since Jan 26th, 2022 at 90.7500
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).