Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, August 22, 2018.

Canadian Dollar/Japanese Yen (FOREX:CADJPY)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low CADJPY Price Change
84.7210 84.8455 84.6950 84.7100 -0.0110
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term down The long term trend has been DOWN since Feb 5th, 2018 at 86.7800

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 84.3205

short term up The short term trend has been UP since Aug 14th, 2018 at 85.0400

Smart Scan Analysis for CADJPY

Based on a pre-defined weighted trend formula for chart analysis, CADJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.7210 84.8455 84.6950 84.7100 -0.0110
Prev. Close Volume Bid Ask Time
84.7210 84.6900 84.7300 2018-08-22 01:16:13
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