Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Crossroads (-60) - CHFJPY is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for CHFJPY
The long-term trend has been UP since Mar 10th, 2023 at 148.66100
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 164.08044
The short-term trend has been DOWN since Oct 3rd, 2023 at 162.96818
Smart Scan Analysis for CHFJPY
Based on our trend formula, CHFJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).