Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for CADJPY
The long term trend has been UP since Jun 28th, 2017 at 85.8385
The intermediate term trend has been UP since Dec 21st, 2017 at 89.2295
The short term trend has been DOWN since Jan 17th, 2018 at 88.6615
Smart Scan Analysis for CADJPY
Based on a pre-defined weighted trend formula for chart analysis, CADJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).