Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Swiss Franc/Japanese Yen (FOREX:CHFJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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 Dec 3rd, 2019 at 110.17750
The short term trend has been DOWN since Jan 20th, 2020 at 113.62928
Smart Scan Analysis for CHFJPY
Based on a pre-defined weighted trend formula for chart analysis, CHFJPY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).