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Chf-jpy

CHF JPY - FUNDAMENTAL ANALYSISAdam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a 50bp increase, it made its intentions clear: it's ready to buy CHF to provide suitable monetary conditions," says Cole. Indeed, despite a somewhat disappointing rate hike, the SNB's commitment to provide appropriate monetary conditions and willingness to buy CHF indicate a robust approach to currency management. The SNB's current focus on selling foreign currency further substantiates this view. Furthermore, the Swiss central bank's leadership recognises the benefits of CHF appreciation in the current economic climate. SNB Chair Jordan noted that the strong CHF has effectively acted as a shield against imported inflation, an increasingly prevalent issue globally. "SNB Chair Jordan revealed over the weekend that from the present perspective, monetary policy might not be tight enough to anchor price stability. He also noted that CHF appreciation has shielded Switzerland from imported inflation," Cole adds. In Japan, meanwhile, the situation is a bit more nuanced. Despite the increasing verbal interventions from officials, the strategists at RBC believe there is potential in shorting JPY at current levels. "In Japan, officials are ratcheting up their verbal interventions. Despite this, and the rising risk of intervention, RBC sees potential in shorting JPY at current levels," says Cole. The pullback in USD/JPY from Friday's highs does leave some room for maneuver. This environment, coupled with the SNB's policy stance and Switzerland's inflationary shield, has led RBC to take a bullish position on the CHF/JPY pair. As the markets continue to evolve in response to inflation, interest rate adjustments, and economic policy decisions, the perspective offered by strategists like Cole is crucial.
Long
by thunderpips
4
CHFJPY Last rise before a strong correction.The CHFJPY pair had a strong 5 week rally since our last buy call (see chart below) on April 28: Our final bullish target remains 159.000, which will make a perfect contact with the Higher Highs trend-line since January. But given the fact that the 1W MA50 (red trend-line) has been tested twice this year, we expect a stronger rejection this time and decline all the way to Support 1 (149.100), where it can make contact with the 1W MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
7
CHFJPY: Buy this pullback on the 1D MA50.CHFJPY is trading inside a Channel Up for the past 12 months and currently pulling back after touching the 2.0 Fibonacci level. With the 1D time frame technically neutral (RSI = 53.315, MACD = 1.420, ADX = 33.250), the closer the price gets to the 1D MA50, the stronger of a buy opportunity it becomes. The fractal of July-August 2022 indicates that the next HH of the Channel Up should be on the 2.618 Fibonacci level at 160.000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
3
UPDATE 2 🔥 REVENGE TRADE: CHFJPY 🔥 REVENGE LONG TERM SHORT 🔥Analysis shows that the downtrend's anchor has been broken. To begin, it is essential to recognize that the downtrend anchor is an important indicator of market trends. Its success reveals a bearish mood in the market and suggests that the current downtrend may continue. Regardless of the confirmation, investors should proceed with caution and carefully assess their investment plan. Second, this is one of the most volatile Exotic Pairs in the forex market. Over the next few days and weeks, I'll be keeping a close eye on price action to confirm the market's trajectory and assist you in making educated guesses. This is a HIGHLY VOLATILE PAIR, and it is highly recommended that you manage your holdings to ensure that your investment choices are aligned with your own financial goals and risk tolerance. I typically invest 2% to 3% of my total income, with a risk-to-reward ratio of 1:1.
Short
by ProfessorCEWard
CHFJPY: Pullback for a month, then buy opportunityCHFJPY is an almost overbought 1D technicals (RSI = 69.922, MACD = 1.670, ADX = 65.369), rising non-stop since March 20th inside this 1 year Channel Up. The pattern is much like the June 29th 2022 top that after almost hitting Fibonacci 2.0, it pulled back to the 1D MA50 and resumed the rise to Fibonacci 2.618. Consequently, we are selling this pullback and once the 1D MA50 is hit, we reverse to buying (TP = 160.000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
🔥 REVENGE TRADE: CHFJPY ✨ SHORT TERM LONG 🔥TP @ 155.00 BLO @ 151.53 ADDITIONAL INFO: 00:00 Revenge Trading 01:12 Buy Order (aggressive) 02:04 Small Loss for a Big Win 02:48 I hate CHFJPY!!! Unfortunately, our previous short position was liquidated because I based my analysis on the Oanda, which had limited historical data for this pair. As a result of examining the FXCM chart, I've determined that there is more upside potential, so here is my revised assessment.
Long
by ProfessorCEWard
🔥 NEW: CHFJPY ✨ BIG PICTURE SHORT 🔥-SL @ 158.45 🚫 SLO2 @ 157.33 ⏳ SLO1 @ 155.25 ⏳ TP1 @ 151.25 (shaving 25%) TP2 @ 148.50 (shaving 25%) TP3 @ 145.33 (shaving 25%) TP4 @ 143.00 (shaving 25%) TP5 @ 138.50 (closing ALL Sell Orders) BLO @ 137.90 (15H) ⏳👈🏾 ADDITIONAL INFO: Unfortunately, our previous short position was "stopped out" because I based my analysis on my Oanda chart, which had limited historical data for this pair (not sure why). As a result of examining an FXCM chart (not my broker), I've determined that there is more upside potential, so here is my revised assessment.
Short
by ProfessorCEWard
9
CHFJPY signaling a bullish extensionThe CHFJPY pair traded exactly as we expected more than 1 month ago, rebounding on the 2021 Higher Lows trend-line and hitting out 147.500 target: Today we see an impressive green 1D candle, indicating that the rally that started back then will have an extension. The 1D RSI indicates that we enter the final bullish leg of a sequence similar to June 2022. This gives a maximum upside at around +7.20% from the Higher Low. We set a target below it at 159.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
CHFJPY Technical Analysis: Potential Sell SignalThe CHFJPY pair has reached a strong resistance zone and is now forming a flag pattern with a clear divergence on momentum indicators. It has also formed a double top pattern, waiting for a breakout of the pattern to the downside and a breakout of the uptrend line to confirm a good selling signal. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
Swiss-Franc Retesting the Supply Area from 1979 1. On September 2022, Price bounced back off the Supply Zone from 1979.This event was a significant reaction to this are because this Supply was Original & Fresh, 2.meaning Original Supply zone was formed out of nowhere or wasn't based on previous Supply or Support/resistance technical aspects. And Fresh Implies This price area has never been tested and its of importance because it took 43 years fro Swiss Franc to reach this price area. 3. Price headed to test this Supply area of 1520.000-159.000 again, 1.Based on Weekly Chart , Price might pierced up to the 151-150 price area. 2. sellers were already shown there interest to sell the market from the 150 price area. 3. Its reasonable to wait and find convictions to sell in Daily Chart. Note: It may take 2-4 weeks or even 2-3 months to initiate the Bear Rally.
Short
by Magnate7
4
Support levels at 147.55 for potential rebound in CHFJPYThe USDCHF pair has broken out of a 7-month downtrend channel, indicating a potential shift towards an uptrend. This breakout is confirmed by breaking through two resistance levels: the March 2023 resistance level of 147.550 and the November 2022 resistance level of 148.850. On the 4-hour chart, the price has reached 149.550 and is forming a double top pattern with a bearish divergence on momentum indicators, suggesting a possible price correction. Waiting for the price to reach the previous support zone at 147.55, where there is an ascending trend line, the 50-period moving average on the 4-hour chart (and 200 on the hourly chart), Fibonacci levels of 38.20 and 50, is expected to trigger a bounce-back to above 150. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB