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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Countertrend Up (+85) - CHFJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CHFJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFJPY
The long-term trend has been UP since Jan 5th, 2024 at 170.54578
The intermediate-term trend has been UP since Apr 14th, 2024 at 168.54000
The short-term trend has been DOWN since Apr 24th, 2024 at 169.29900
Smart Scan Analysis for CHFJPY
Based on our trend formula, CHFJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 169.95967 | 170.38550 | 169.89434 | 170.31150 | +0.35183 |
| Prev. Close | Volume | Bid | Ask | Time |
| 169.95967 | 2024-04-25 02:22:16 |