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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.

FOREX_CHFJPY
Open High Low CHFJPY Price Change
120.90850 120.95578 120.14107 120.21150 -0.69700
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long-term trend has been UP since Jul 8th, 2020 at 114.59718

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 118.15937

short term up 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).

+90
Smart Scan Analysis for CHFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
120.90850 120.95578 120.14107 120.21150 -0.69700
Prev. Close Volume Bid Ask Time
120.90850 2021-05-11 16:55:19
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