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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Swiss Franc/Japanese Yen (FOREX:CHFJPY)

Sidelines Mode (+55) - CHFJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
168.40900 169.21901 168.36018 169.16400 +0.75500
Entry Signal

MarketClub’s Trade Triangles for CHFJPY

long term up The long-term trend has been UP since Jan 5th, 2024 at 170.54578

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2024 at 169.67600

short term up The short-term trend has been UP since Mar 17th, 2024 at 168.82200

Smart Scan Analysis for CHFJPY

Based on our trend formula, CHFJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CHFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
168.40900 169.21901 168.36018 169.16400 +0.75500
Prev. Close Volume Bid Ask Time
168.40900 2024-03-19 01:41:51
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