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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Canadian Dollar/Japanese Yen (FOREX:CADJPY)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

Open High Low CADJPY Price Change
86.790 86.800 86.730 86.739 -0.051
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long term trend has been UP since Sep 18th, 2018 at 86.5855

intermediate term down The intermediate term trend has been DOWN since Oct 15th, 2018 at 85.6870

short term up The short term trend has been UP since Oct 16th, 2018 at 86.4465

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).

Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
86.790 86.800 86.730 86.739 -0.051
Prev. Close Volume Bid Ask Time
86.790 86.730 86.748 2018-10-17 00:53:03
Want to analyze Canadian Dollar/Japanese Yen CADJPY or another symbol? Try our Free Forex Trend Analysis Report.