ChfJpy ready for short!Hello Traders, here is the full analysis for the pair ChfJpy , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate short position.
Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
What you will find here, are only views of a Cat passionate about Finance.
Chf-jpy
CHFJPY One break-out and one pull-back buy level.The CHFJPY pair has done brilliantly since our last analysis, giving a perfect sell and then rebound at the bottom of the Channel Up:
Right now the price is approaching the top of the Channel so it is best that buy profit is taken. A break above the Higher Highs trend-line of the pattern at 138.500 would be a buy continuation signal. If rejected though, it is best to wait and buy again closer to the Higher Lows (bottom) trend-line of the Channel Up. In either case, our Target is the -0.5 Fibonacci extension, which is currently around 144.440. As this chart shows, the -0.5 Fib has been the Higher High target since 2021.
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CHFJPY 23rd MAY 2022During times of economic unrest, the Swiss franc is considered as a safe haven by the investors. Switzerland has a stable government, banking, and financial system. Switzerland economy has a low debt-to-GDP ratio and a current account surplus, and it has maintained a political neutrality. The Japanese yen is also considered as a safe haven when the market is dominated by a risk-off sentiment. Japan has a current account surplus, as it exports more than it imports. Japan owns more foreign assets that it owes, and it is struggling with low inflation.
CHFJPY VIP SHORTCHFJPY
Why are we entering?
- Expecting JPY strength and CHF weakness
- Expecting price to reject our trendline & structure level
What are we waiting for to happen?
- Rejection from trendline & structure level
- Break of Possible RISK trendline & DAILY EMA
Entry
SAFE Entry: Rejection of trendline & structure level & break of possible RISK trendline
Risk Entry 1: Rejection of trendline & structure level
Risk Entry 2: Early break of possible RISK trendline
Once entered, where will our Stoploss be?
- Above the trendline (above 133.75 ) 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP: 130.85 (260pips)
- Second TP: 126.85 (660pips)
💡Don't miss the great buy opportunity in CHFJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (133.01).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 134.93
TP2= @ 136.25
TP3= @ 138.07
TP4= @ 139.56
TP5= @ 141.65
SL= Break below S2
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💡Don't miss the great buy opportunity in CHFJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (133.01).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 134.93
TP2= @ 136.25
TP3= @ 138.07
TP4= @ 139.56
TP5= @ 141.65
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CHFJPY Correction ahead.The CHFJPY pair has been on a strong rally that smashed through our target on the last analysis:
Right now the price formed a new Channel Up, remaining within a Fibonacci Channel where it broke above the 1.5 Fib extension and almost reached as high as the 2.0.
However with the RSI hitting its October 20 2021 Resistance and the MACD forming a Bearish Cross, we have a strong set of indicators pointing towards a pull-back similar to June 2021 and August 2020. On both of those correction phases, the price pulled-back to at least the 0.5 Fibonacci retracement level. Currently that is on 126.565. It might make contact with the 1D MA200 (orange trend-line) there. If broken, the last Support is the 0.618 Fib at 124.455. After that correction we expect the pair to continue its long-term bullish trend.
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CHFJPY Monthly Liquidity GrabJPY pairs have been tricky lately. They have mainly been the pairs that I've had to re entered after being stopped out. Fortunately, CHFJPY just had a major liquidity grab from a monthly chart, and going down to the 4H chart, there was a major move downward. I have set my stop loss just above the movement before it fell. I'm expecting a small movement to the downside and will try and capitalize on this movement.
CHFJPY Short Welcome back! Here's an analysis of this pair!
**CHFJPY - Bearish breakout and strong rejection at key level. Targets 132.76, 55, and 131.00 swing.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Trade wisely!
Brian & Kenya Horton, BK Forex Academy
CHFJPY potential for dip! 5th April 2022Prices have broken out of our triangle pattern. We see the potential for further bearish continuation towards our Take Profit at 131.411 in line with 127.2% Fibonacci Projection. MacD is showing bearish momentum, further supporting our bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CHFJPY ReversalCHFJPY currently begins to trend upward as it closes in on a major reversal level. However there are still many stops and short sell limit orders residing above that level thus creating liquidity. We can expect either a move to the downside after residing in the reversal zone or we can expect price to continue moving upward to grab that liquidity before the movement downward. Lets see how this plays out, but regardless of what happens, we can play both sides of the market.
Dominant Currency Sentiment – AUD Supported Heading into today’s European trading session, the risk tone is leaning risk-on. Asia-Pacific indices are notably positive, measures of volatility subdued and safe-havens pressured.
Leading Asia-Pacific indices to the upside is the Hang Seng at +6.16%, followed by the Nikkei 225 at +3.46%, the Topix at +2.47% and the CSI 300 and ASX 200 at +1.96% and +1.05%, respectively.
In the FX complex, the positive risk-on tone – which remains a function of hopes for further stimulus from Beijing – sees safe-havens leading to the downside. CHF is currently the session laggard, followed closely by JPY and USD, with AUDUSD reclaiming the 0.73 handle.
Indeed, the positive risk tone and strong employment report sees AUD leading to the upside. Both Employment Change and the Unemployment Rate beat expectations causing some analysts to now to suggest the RBA should adopt a more aggressive stance. CBA notes there is now a clear risk the RBA would drop its commitment to being “patient” on rates at the next policy meeting.
Looking ahead. Today’s European trading session will see the latest inflation figures from Europe. However, the main event will be the BoE’s latest policy decision, where the central bank is widely expected to announce a further 25 basis point hike.
CHFJPY potential for bounce | 7th MarchPrice near buy entry price of 124.297 in line with 100% Fibonacci projection . Price can potentially bounce from the buy entry level to the take profit level of 125.866 in line with 61.8% Fibonacci projection and graphical swing high. Our bullish bias is supported by the stochastic indicator as it is at support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CHFJPY potential for boucne | 7th MarchPrice near buy entry price of 124.297 in line with 100% Fibonacci projection. Price can potentially bounce from the buy entry level to the take profit level of 125.866 in line with 61.8% Fibonacci projection and graphical swing high. Our bullish bias is supported by the stochastic indicator as it is at support level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Bullish on CHFJPYDear people of tradingview, it has been a long time I didnt publish an idea on this website. Here an analysis with a high probability of profit, but this is not an incitation of taking a trade, only an analysis of mine. The resistance has been very respected until today, with a break-out and a retest, confirming the current analysis, in my opinion of course. The retest occurs and we have now a clear rejection in H1, conforting the bullish trend. Let's see what happens !