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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

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
172.30850 172.31013 171.85612 171.99986 -0.30864
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long-term trend has been UP since Jan 5th, 2024 at 170.54578

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2024 at 168.54000

short term up The short-term trend has been UP since May 27th, 2024 at 171.89676

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
172.30850 172.31013 171.85612 171.99986 -0.30864
Prev. Close Volume Bid Ask Time
172.30850 2024-05-30 03:08:48
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