Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
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 DOWN since Oct 8th, 2017 at 89.6450
The short term trend has been DOWN since Nov 13th, 2017 at 89.0900
Smart Scan Analysis for CADJPY
Based on a pre-defined weighted trend formula for chart analysis, CADJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).