If JPY weakens, likely chfJpy should bounce from here on...***************************************************************************************
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Chf-jpy
CHFJPY bearish momentum! | 27th Jan 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 124.246 in line with 38.2% Fibonacci retracement towards our Take profit at 123.623 which is an area of Fibonacci confluences. Prices are trading below our ichimoku clouds and also RSI is showing bearish momentum, further supporting our bearish 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.
Possible trend shift in CHFJPY – going short | 26th JanSignal ID: 79165
Time Issued: Tuesday, 25 January 2022 10:00:15 GMT
Status: open
Entry: 123.863 - 124.263
Limit: N/A
Stop Loss: 124.862
The Tidal Shift Strategy has just sold CHFJPY at 124.063. The system recommends entering this trade at any price between 123.863 and 124.263. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -6.053, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.16, so the stop loss has been set at 124.862. 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.
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.
Possible trend shift in CHFJPY – going short | 26th Jan Signal ID: 79165
Time Issued: Tuesday, 25 January 2022 10:00:15 GMT
Status: open
Entry: 123.863 - 124.263
Limit: N/A
Stop Loss: 124.862
The Tidal Shift Strategy has just sold CHFJPY at 124.063. The system recommends entering this trade at any price between 123.863 and 124.263. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -6.053, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.16, so the stop loss has been set at 124.862. 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.
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 bullish continuation | 17th Jan 2022Price is abiding to the ascending channel , signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with the 50% Fibonacci retracement and graphical overlap support towards the take profit level in line with 61.8% Fibonacci projection . Our bullish bias is further supported by the MACD indicator where it is at the MACD is at the oversold area and MACD line is above the signal line.
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 bullish continuation | 17th Jan 2022Price is abiding to the ascending channel , signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with the 50% Fibonacci retracement and graphical overlap support towards the take profit level in line with 61.8% Fibonacci projection . Our bullish bias is further supported by the MACD indicator where it is at the MACD is at the oversold area and MACD line is above the signal line.
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
💡Don't miss the great buy opportunity in CHFJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (125.13).
. 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 60.
Take Profits:
TP1= @ 125.67
TP2= @ 126.00
TP3= @ 126.31
TP4= @ 126.70
TP5= @ 127.07
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 (125.13).
. 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 59.
Take Profits:
TP1= @ 125.67
TP2= @ 126.00
TP3= @ 126.31
TP4= @ 126.70
TP5= @ 127.07
SL= Break below S2
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⚜CHFJPY 110 pip shortCHFJPY
Why are we entering?
- Expecting JPY strength and CHF weakness
- Expecting a touch of our structure level
What are we waiting for to happen?
- Rejection from trendline
- Rejection from structure level
Entry 125.2
SAFE Entry: Rejection of trendline & structure
Risk Entry 1: Trendline Touch
Risk Entry 2: Reversal Pattern
Once entered, where will our Stoploss be?
- Above the rejected price (above 125.5 ) 30 pips
Where do we take profits?
- Take Profit : 124.1 (110pips)
- Risk:Rewards Ratio - 1:3.67
CHFJPY potential for further downtrend | 11th JanSignal ID: 79002
Time Issued: Monday, 10 January 2022 19:00:16 GMT
Status: open
Entry: 124.068 - 124.5
Limit: N/A
Stop Loss: 125.018
The Tidal Shift Strategy has just sold CHFJPY at 124.243. The system recommends entering this trade at any price between 124.068 and 124.418. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -6.548, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.14, so the stop loss has been set at 124.945. 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.
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 further downtrend | 11th Jan Signal ID: 79002
Time Issued: Monday, 10 January 2022 19:00:16 GMT
Status: open
Entry: 124.068 - 124.5
Limit: N/A
Stop Loss: 125.018
The Tidal Shift Strategy has just sold CHFJPY at 124.243. The system recommends entering this trade at any price between 124.068 and 124.418. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -6.548, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.14, so the stop loss has been set at 124.945. 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.
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.
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (125.43).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 24.
Take Profits:
TP1= @ 124. 01
TP2= @ 123.59
TP3= @ 122.79
TP4= @ 122.32
TP5= @ 121.50
SL: Break Above R2
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💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (125.43).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 124.01
TP2= @ 123.59
TP3= @ 122.79
TP4= @ 122.32
TP5= @ 121.50
SL: Break Above R2
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. . . . . Please show your support back,
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Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CHFJPY ideasThese are just primary ideas and all need more information to confirm and place a trade. As we have a daily RSI divergence, the bulls are weaken indicating that the current uptrend may give way to a large retracement. However, the closer timeframes (H4, H1) indicate a RSI divergence to the uptrend. As double top is a standard reversal pattern, it can be expected on this pair, but confirmation is awaited.
CHFJPY potential for short pullback! | 3rd Jan 2022Prices are consolidating in a parallel channel. We see the potential for a dip from our sell entry at 126.427 in line with 127.2% Fibonacci extension and 161.8% Fibonacci Projection towards our Take Profit at 122.115 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci retracement. RSI is at levels where dips previously occurred.
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 SHORT 580pipsHello Traders, 🙋♂️🙋♂️🙋♂️
Here we have a CHFJPY long trade idea. If you like this idea please show your support!
CHF
The Swiss Franc CHF has been very strong recently. We are expecting this bull run to come to an end as we can see a clear parallel channel & we are at the top of this. Therefore we are expecting CHF weakness.
JPY
The Japanese Yen JPY has been very weak recently and we can see some potential strength coming from this currency. We are anticipating JPY strength which will push this pair downwards.
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Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
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CHFJPY Correction Incoming!CHFJPY has met it's long term upper trendline, is showing oversold on the Daily RSI, 4H and 12H, and even the weekly RSI is at 69.98.
We also see strong bearish RSI divergence on the Daily.
JPY has been the biggest loser of the major currency pairs in the past month and in fact the past year, but for shorter term outlooks JPY looks due for a correction against a number of other currencies and my targets of choice are CHF and possibly USD.
This is NOT financial advice. You are responsible for your own trading decisions.
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