Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Japanese Yen/Canadian Dollar (FOREX:JPYCAD)
Long-Term Downtrend (-90) - JPYCAD is in a strong downtrend that is likely to continue. While JPYCAD is showing intraday strength, it remains in the confines of a bearish trend. 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 Jun 5th, 2020 at 0.012279
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.012419
The short-term trend has been DOWN since Feb 12th, 2021 at 0.012096
Smart Scan Analysis for JPYCAD
Based on our trend formula, JPYCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).