Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Dec 6th, 2018 at 83.799
The intermediate term trend has been UP since Jun 26th, 2019 at 82.142
The short term trend has been DOWN since Jul 15th, 2019 at 82.640
Smart Scan Analysis for CADJPY
Based on a pre-defined weighted trend formula for chart analysis, CADJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).