Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Sidelines Mode (-55) - CHFJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for CHFJPY
The long-term trend has been UP since Jul 8th, 2020 at 114.59718
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 116.60041
The short-term trend has been UP since Feb 26th, 2021 at 117.64750
Smart Scan Analysis for CHFJPY
Based on our trend formula, CHFJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).