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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2019.

Swiss Franc/Japanese Yen (FOREX:CHFJPY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
109.584 110.000 109.485 109.895 +0.311
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term down The long term trend has been DOWN since Dec 23rd, 2018 at 111.565

intermediate term down The intermediate term trend has been DOWN since Apr 18th, 2019 at 110.370

short term down The short term trend has been DOWN since Apr 16th, 2019 at 111.386

Smart Scan Analysis for CHFJPY

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

-100
Smart Scan Analysis for CHFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
109.584 110.000 109.485 109.895 +0.311
Prev. Close Volume Bid Ask Time
109.584 109.850 109.940 2019-04-24 19:07:42
Want to analyze Swiss Franc/Japanese Yen CHFJPY or another symbol? Try our Free Forex Trend Analysis Report.