CHF/JPY - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2)
✅ Daily Trendline Resistance - Price remains below the descending trendline. (+2)
✅ 4HR Support Holding - Weak price movement near support, indicating possible breakdown. (+1)
✅ Momentum Weakness - Lack of strong bullish candles suggests sellers are in control. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Trendline & Price Action - XTB
Moving Averages & Weak Momentum - IFC Markets
📈 Bullish Bias
✅ Breakout Potential - If price breaks the trendline, it may follow the weekly trendline upwards. (+2)
✅ 4HR Support Zone - Buyers defending the 165.550 level, keeping price stable. (+1)
🔹 Total Bullish Score: 3
📰 Sources:
Breakout & Weekly Trendline - RoboForex
📊 Sentiment & Market Factors
📉 BOJ Hawkish Outlook (- Bearish) - Bank of Japan signals potential rate hikes, strengthening JPY. Source
📈 Swiss Economic Stability (+ Bullish) - CHF remains supported due to safe-haven demand. Source
📉 Risk-Off Sentiment (- Bearish) - Global uncertainty driving investors into JPY as a safe-haven. Source
📌 Final Bias: Strong Bearish (Score: 6 vs 3)
📢 💡 Trade Idea: Look for Sell Setups on a confirmed breakout and retest of support.
✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2)
✅ Daily Trendline Resistance - Price remains below the descending trendline. (+2)
✅ 4HR Support Holding - Weak price movement near support, indicating possible breakdown. (+1)
✅ Momentum Weakness - Lack of strong bullish candles suggests sellers are in control. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Trendline & Price Action - XTB
Moving Averages & Weak Momentum - IFC Markets
📈 Bullish Bias
✅ Breakout Potential - If price breaks the trendline, it may follow the weekly trendline upwards. (+2)
✅ 4HR Support Zone - Buyers defending the 165.550 level, keeping price stable. (+1)
🔹 Total Bullish Score: 3
📰 Sources:
Breakout & Weekly Trendline - RoboForex
📊 Sentiment & Market Factors
📉 BOJ Hawkish Outlook (- Bearish) - Bank of Japan signals potential rate hikes, strengthening JPY. Source
📈 Swiss Economic Stability (+ Bullish) - CHF remains supported due to safe-haven demand. Source
📉 Risk-Off Sentiment (- Bearish) - Global uncertainty driving investors into JPY as a safe-haven. Source
📌 Final Bias: Strong Bearish (Score: 6 vs 3)
📢 💡 Trade Idea: Look for Sell Setups on a confirmed breakout and retest of support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.