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Chf-jpy

CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 111.90 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.02 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 111.90 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.02 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 112.50 (horizontal pullback support, long term ascending support line, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.05 (Horizontal pullback support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (55,5,3) is seeing a bullish diveregence and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 112.872. The system recommends entering this trade at any price between 112.692 and 113.052. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.417, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.144, so the stop loss has been set at 113.593. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 59590 Time Issued: Wednesday, 24 October 2018 08:00:16 GMT Status: open Entry: 112.692 - 113.052 Limit: N/A Stop Loss: 113.593 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
2
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 112.16 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 114.20 (horizontal pullback resistance). Stochastic (55,5,3) is approaching support and seeing a bullish divergence and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
EURUSD potential support seen at 1.1500/20The EURUSD currency pair has traded in a range between 1.1530/40 and 1.1600 levels since last Friday. This sideways action could be a flat being carved out and prices could possibly test 1.1500/20 levels before rallying further. Looking at the wave counts, it is quite clear that EURUSD is into a 3 wave correction since 1.1300 lows formed earlier. Within the 3 waves, it seems to be into the last Wave C, which could potentially rally deep into 1.2000/1.2200 levels going forward. Ideally prices should remain above 1.1432 levels (interim support), for the above wave structure to hold. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
4
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.26 (horizontal pullback resistance, breakout level) and a price might potentially drop to our major support at 112.16 (horizontal pullback support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
Gold breaks above $1208/09 resistance swiftly!Gold breaks higher above $1208/09 levels and also takes out interim resistance at $1216 levels yesterday, in flash. The yellow metal is seen to be trading around $1218 levels at this point in writing, after printing highs at $1227/28 levels. Please note that $1215/16 levels would not turn into support levels for any corrective drops from here. Looking into the wave structure, Gold seems to have completed Waves A and B and is well into progress within Wave C which began from $1282.66 levels as discussed yesterday. If the above counts hold, we could see prices hitting $1250/70 levels going forward. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDLong
by FXTM
1
Gold might have carved a higher bottom at $1182.66Gold rally towards $1196 levels instills further confidence that a higher bottom could be in place at $1182.66 levels already. The yellow metal may not produce another low before rallying further towards $1250/70 levels, going forward. Also, another push through initial resistance at $1208/09 levels will confirm that the yellow metal is in control of bulls and that any correction would remain well above $1182.66 mark. If the above structure holds well, we could see Gold prices unfolding into 5 waves from here towards $1250/70 levels at least. We maintain our medium term bullish bias in the yellow metal for now. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDLong
by FXTM
15
US Dollar Index turns bearish from 96.16The US Dollar Index bears seem to be in control since recent highs at 96.16 levels, the fibonacci 0.618 resistance of the earlier drop as shown here. The index seems to be on its way towards at least 95.00 levels, before pulling back or retracing. Looking into the wave structure, the index seems to have in place Waves A and B already, with Wave B terminating at 96.16 levels earlier this week. Please note that 96.16 should be acting as resistance now, and all intraday/pullback rallies could remain well capped below 96.16 going forward. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
8
CHFJPY approaching support, watch for potential breakout! CHFJPY is approaching our first support at 113.95 (horizontal swing low support) and a breakout below this level might push price down to our major support at 112.12 (horizontal pullback support, long term ascending support line, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
1
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 115.27 (horizontal pullback resistance, 23.6% Fibonacci retracement, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 113.32 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension). RSI (89) is seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY ShortRiding the recent bearish trend after worries regarding Italy's budget eased a bit (market seems to be back to risk-off). Waiting for a breakout and will manually enter past 115 if hourly price action shows continued bearish momentum, with 1st TP near @114.5 (-100 fib level in hourly and daily charts), and 2nd TP @113.3 (0 fib level in hourly, daily and weekly charts). There's possibility still of this pair bouncing to 116.33 especially if actual JPY ave. cash flow tomorrow is better than forecast, and if CHF CPI on Friday is lower than expected, so need to closely monitoring this pair. www.poundsterlinglive.com seekingalpha.com Daily: Weekly: Confidence: C (because market in general is back to risk-on, and both CHF and JPY are considered haven assets-- in other words, high risk of getting whipsawed)
Short
by aiza_belle
CHFJPY Approaching Support, Prepare For A BounceBuy above 115.29. Stop loss at 114.71. Take profit at 116.28. Reason for the trading strategy (technically): CHFJPY is approaching its support at 115.29 (100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 116.28 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 7.8% where a corresponding bounce could occur.
Long
by theforexarmy