Forex Trend Analysis Report
Prepared for you on Friday, October 22, 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 Oct 10th, 2021 at 121.22508
The intermediate-term trend has been UP since Oct 4th, 2021 at 120.22882
The short-term trend has been UP since Oct 4th, 2021 at 119.96249
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).