Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 DOWN since Aug 5th, 2024 at 167.32665
The intermediate-term trend has been DOWN since Nov 17th, 2024 at 173.60988
The short-term trend has been UP since Nov 20th, 2024 at 175.58621
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 175.48437 | 176.08550 | 175.42604 | 176.05134 | +0.56697 |
| Prev. Close | Volume | Bid | Ask | Time |
| 175.48437 | 2024-11-20 03:42:51 |