Attached is the H1 chart for CADJPY.
Prices right now are close to the 200SMA, so I wouldn’t consider CADJPY for trend trading. I like prices to be outside 1.0 to 1.25% envelope. (designated in green) To me, CADJPY is just ranging. Look how level (horizontal) the 200SMA is.
Oh, by the way, I am just looking at this using the indicator for MT5 I posted a few days ago. The candles that are within the 1.25% envelope are dark because they don’t interest me for trend trading.
CADJPY may do better with range trading, but I am not as well versed in range trading.
You can do the same analysis for the other symbols you mentioned. Neither has prices beyond 1.0% on the H1 chart, so I am less comfortable with their “trendiness,” even though they are beyond 2% in Dennis’ numbers.
Oh, and just to add one further note, Dennis mentions pretty much the same thing above. He said, “. . . but most of these pairs are still below their 200 ma on the 1hr chart, until they all clear this overhead resistance this is just a pullback.”
That’s exactly my take on the current ForEx market.