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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

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.

FOREX_CHFJPY
Open High Low CHFJPY Price Change
117.60500 117.60500 117.15161 117.33800 -0.26700
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long-term trend has been UP since Jul 8th, 2020 at 114.59718

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 116.60041

short term up The short-term trend has been UP since Feb 26th, 2021 at 117.64750

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).

-55
Smart Scan Analysis for CHFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.60500 117.60500 117.15161 117.33800 -0.26700
Prev. Close Volume Bid Ask Time
117.60500 2021-02-28 17:32:01
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