Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Japanese Yen/Canadian Dollar (FOREX:JPYCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 JPYCAD
The long term trend has been UP since Dec 6th, 2018 at 0.011938
The intermediate term trend has been DOWN since Jun 26th, 2019 at 0.012186
The short term trend has been UP since Jul 16th, 2019 at 0.012101
Smart Scan Analysis for JPYCAD
Based on a pre-defined weighted trend formula for chart analysis, JPYCAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).