Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Strong Uptrend (+100) - CHFJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CHFJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Jul 8th, 2020 at 114.59718
The intermediate-term trend has been UP since Jun 30th, 2020 at 114.07475
The short-term trend has been UP since Jul 30th, 2020 at 115.17114
Smart Scan Analysis for CHFJPY
Based on our trend formula, CHFJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).