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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Swiss Franc/Japanese Yen (FOREX:CHFJPY)

Long-Term Uptrend (+90) - CHFJPY is in a strong uptrend that is likely to continue. While CHFJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
124.25914 124.35759 123.75050 123.77797 -0.48117
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long-term trend has been UP since Oct 10th, 2021 at 121.22508

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 120.22882

short term up The short-term trend has been UP since Oct 4th, 2021 at 119.96249

Smart Scan Analysis for CHFJPY

Based on our trend formula, CHFJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CHFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
124.25914 124.35759 123.75050 123.77797 -0.48117
Prev. Close Volume Bid Ask Time
124.25914 2021-10-22 12:44:28
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