Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Dec 6th, 2018 at 83.799
The intermediate term trend has been DOWN since Oct 15th, 2018 at 85.687
The short term trend has been DOWN since Dec 4th, 2018 at 85.215
Smart Scan Analysis for CADJPY
Based on a pre-defined weighted trend formula for chart analysis, CADJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).