Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Japanese Yen/Canadian Dollar (FOREX:JPYCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 JPYCAD
The long term trend has been DOWN since Sep 18th, 2018 at 0.011550
The intermediate term trend has been UP since Oct 15th, 2018 at 0.011668
The short term trend has been UP since Nov 9th, 2018 at 0.011605
Smart Scan Analysis for JPYCAD
Based on a pre-defined weighted trend formula for chart analysis, JPYCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).