Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.
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 UP since Feb 19th, 2019 at 110.3970
The short term trend has been UP since Feb 11th, 2019 at 109.9755
Smart Scan Analysis for CHFJPY
Based on a pre-defined weighted trend formula for chart analysis, CHFJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).