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Forex Trend Analysis Report

Prepared for you on Friday, February 23, 2018.

Swiss Franc/Japanese Yen (FOREX:CHFJPY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_CHFJPY
Open High Low CHFJPY Price Change
114.40500 114.58803 113.81500 114.12000 -0.28500
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long term trend has been UP since May 16th, 2017 at 114.6560

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2018 at 114.7800

short term down The short term trend has been DOWN since Feb 6th, 2018 at 116.5945

Smart Scan Analysis for CHFJPY

Based on a pre-defined weighted trend formula for chart analysis, CHFJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CHFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
114.40500 114.58803 113.81500 114.12000 -0.28500
Prev. Close Volume Bid Ask Time
114.40500 114.08000 114.16000 2018-02-23 21:05:08
Want to analyze Swiss Franc/Japanese Yen CHFJPY or another symbol? Try our Free Forex Trend Analysis Report.