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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Swiss Franc/Japanese Yen (FOREX:CHFJPY)

Crossroads (-60) - CHFJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
122.92750 123.11050 122.53910 122.90694 -0.02056
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long-term trend has been UP since Oct 10th, 2021 at 121.22508

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2021 at 123.37845

short term down The short-term trend has been DOWN since Nov 29th, 2021 at 122.45200

Smart Scan Analysis for CHFJPY

Based on our trend formula, CHFJPY is rated as a -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
122.92750 123.11050 122.53910 122.90694 -0.02056
Prev. Close Volume Bid Ask Time
122.92750 2021-12-07 23:51:19
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