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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Swiss Franc/Japanese Yen (FOREX:CHFJPY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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
109.63000 109.96319 109.50358 109.90887 +0.27887
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long term trend has been UP since Oct 21st, 2019 at 110.36500

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2019 at 110.17750

short term down The short term trend has been DOWN since Dec 6th, 2019 at 109.86077

Smart Scan Analysis for CHFJPY

Based on a pre-defined weighted trend formula for chart analysis, CHFJPY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for CHFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
109.63000 109.96319 109.50358 109.90887 +0.27887
Prev. Close Volume Bid Ask Time
109.63000 109.89630 109.92143 2019-12-09 15:01:23
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