Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
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.
MarketClub’s Trade Triangles for CHFJPY
The long term trend has been UP since May 16th, 2017 at 114.656
The intermediate term trend has been DOWN since Oct 8th, 2017 at 114.985
The short term trend has been DOWN since Nov 16th, 2017 at 113.505
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).