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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

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
163.10600 163.14610 160.66109 161.80150 -1.30450
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long-term trend has been UP since Mar 10th, 2023 at 148.66100

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 164.08044

short term down The short-term trend has been DOWN since Oct 3rd, 2023 at 162.96818

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
163.10600 163.14610 160.66109 161.80150 -1.30450
Prev. Close Volume Bid Ask Time
163.10600 2023-10-03 17:20:37
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