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Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.
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MarketClub’s Trade Triangles for CHFJPY
The long term trend has been DOWN since Dec 23rd, 2018 at 111.5650
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 107.9150
The short term trend has been UP since Oct 7th, 2019 at 107.6305
Smart Scan Analysis for CHFJPY
Based on a pre-defined weighted trend formula for chart analysis, CHFJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 108.75650 | 108.76484 | 108.49329 | 108.64950 | -0.10700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 108.75650 | 108.63900 | 108.66000 | 2019-10-14 09:42:51 |