Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CHFJPY
The long term trend has been UP since Jul 11th, 2018 at 112.28
The intermediate term trend has been UP since Aug 24th, 2018 at 113.16
The short term trend has been DOWN since Sep 25th, 2018 at 116.78
Smart Scan Analysis for CHFJPY
Based on a pre-defined weighted trend formula for chart analysis, CHFJPY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).