Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Japanese Yen/Canadian Dollar (FOREX:JPYCAD)
Strong Downtrend (-100) - JPYCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JPYCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYCAD
The long-term trend has been DOWN since Oct 10th, 2021 at 0.011087
The intermediate-term trend has been DOWN since Sep 26th, 2021 at 0.011399
The short-term trend has been DOWN since Oct 4th, 2021 at 0.011326
Smart Scan Analysis for JPYCAD
Based on our trend formula, JPYCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).