Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Bull Market Weakness (+75) - CHFJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFJPY as it may be in the beginning stages of a reversal.
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 Oct 21st, 2019 at 110.36500
The intermediate-term trend has been UP since Mar 13th, 2020 at 114.27374
The short-term trend has been UP since Apr 6th, 2020 at 111.57400
Smart Scan Analysis for CHFJPY
Based on our trend formula, CHFJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).