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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Swiss Franc/Japanese Yen (FOREX:CHFJPY)

Weak Downtrend (-65) - CHFJPY is showing signs of a strengthening downtrend. Monitor CHFJPY as it may be building momentum to the downside.

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.

FOREX_CHFJPY
Open High Low CHFJPY Price Change
174.60248 175.13585 173.72607 173.97000 -0.63248
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long-term trend has been UP since Jan 5th, 2024 at 170.54578

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2024 at 176.35272

short term down The short-term trend has been DOWN since Jul 22nd, 2024 at 176.42350

Smart Scan Analysis for CHFJPY

Based on our trend formula, CHFJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CHFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
174.60248 175.13585 173.72607 173.97000 -0.63248
Prev. Close Volume Bid Ask Time
174.60248 2024-07-26 20:25:01
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