Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 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.
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 Apr 7th, 2021 at 118.15937
The short-term trend has been UP since Apr 20th, 2021 at 118.61350
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).