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Chfjpylong

Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 109.817. The system recommends entering this trade at any price between 109.679 and 109.954. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.536, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.11, so the stop loss has been set at 110.367. 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: 65170 Time Issued: Thursday, 25 April 2019 02:00:17 GMT Status: open Entry: 109.679 - 109.954 Limit: N/A Stop Loss: 110.043 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% 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
1
Swiss franc looking for a base against Japanese yenThe CHF/JPY pair has done very little during the day on Monday which of course is that much of a surprise considering that the banks in Europe were closed. That being said we are approaching a rather significantly support level as far as psychological importance is concerned as the ¥110 level will of course would cause a bit of reaction. Beyond that, there is a lot of noise underneath that extends down to the ¥109 level, meaning that we should have a significant amount of support. At this point, it’s very likely that the buyers could return or a rather soon. That being said, there is a 50 day EMA turning lower just above, but it would make more sense for the market to reach towards the 200 day EMA, which is pictured above there at roughly ¥111.70 level. However, if we did break down below the ¥109 level, then the market could reach as low as ¥106 but that is not the base case scenario currently. This is an interesting pair to pay attention to because both of them are considered to be safety currencies, so the most important thing about this chart is to know where to put your money in the case of a flight to safety. For example, if riskier currency such as the Australian dollar selling off, you want to short the Aussie against whatever one of these currencies is gaining. So if we bounce from here, and we want to short something such as the Aussie dollar, then you want to short the AUD/CHF pair, as it should run further to the downside than the AUD/JPY pair. Obviously, the exact opposite can work so keep an eye on this chart, even if it doesn’t give you a trade by itself, can be quite profitable. Remember, Forex is all about relative strength. As things stand now, it would be very bullish if we can break above the ¥110.50 level, as we could reach towards the previously mentioned 200 day EMA.
Long
by Forex4you
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.33 (horizontal overlap support, 61.8% fiboancci extension, 78.6% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 110.89 (61.8% fiboancci extension, 50% fibonacci retracement). Stochastic is approaching support as well. 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 long intraday trade setup 1HCHFJPY long intraday trade setup 1H based on green volume dominating higher time frames, trend to upside on HTF also. Currency impulse (bot left) favoring CHF strength with the crossover and price action positioned above the trend cloud 4H and 1H with strong green support under (dots). This is an intraday only as price is respecting the HTF resistance where Im expecting another pullback. TP at this point. IMPORTANT: Trading currencies carries a high element of risk where financial loss can be significant. This analysis is not to be construed as financial advice and we highly recommend using the information for 'practice trading' a demo account only where there is zero risk.
Long
by fxtraderanthony