Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
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 Oct 25th, 2019 at 83.23
The intermediate term trend has been DOWN since Nov 14th, 2019 at 81.92
The short term trend has been DOWN since Nov 11th, 2019 at 82.36
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).