CADJPY following 10 Consecutive Up Days
The CADJPY has just recorded 10 consecutive up days & is well above its 200-day ma. Intuitively, fading this type of price momentum feels somewhat prudent. Data paucity caveats aside, the historical record disagrees. 10-days later CADJPY was up 5 from 5 with an average gain of 1.6%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the 'risk' expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the 'risk' expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.