JPY (Japanese Yen)
AUDJPY I Wait for bearish confirmation Welcome back! Let me know your thoughts in the comments!
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CHF/JPY Day Trading Analysis 📋On CHF/JPY is nice to see strong sell-off from the price 154.96, there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
CHFJPY ____ BEARISH MOVE INCOMINGHello Guys,
I made a post on this last week stating that I want to see this pair rally into my daily order block.
Which it did. Now, I expect a CHOCH from bullish to bearish to take a short.
I also made a trade on CADCHF (see below for analysis)
Follow for more updates.
CADCHF
Cheers,
Jabari
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.
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CHFJPY - New Highs Being Formed!!!Analysis:
As we can see from price action we're in a clear upwards trend, price is forming higher highs and higher lows which confirms the trend direction. We've seen price break above a previous high and now we're retesting that area for support and we expect that it will hold. At this level we've got the 38.2% fib retracement level which we'd expect buyers to be sat at wanting to push price higher. Also at this level we've got an upwards trendline which has been respected recently, showing that it could be respected again. This pair is forming new highs which just shows the strength and bullish pressure we're seeing. Fundamentally the CHF ranks 5th out of all of the major currency pairs where as the JPY ranks 8th being the weakest major currency pair so this goes in our favour which is why we are bullish.
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Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
CHFJPY SHORT TRADE SIGNALOn CHFJPY, we have a bearish setup where the price has broken a descending triangle and rebounded three times on a downward trendline. Currently, the price is at 153.80, which is between the 50% and 70% Fibonacci levels, making it a premium zone to enter a short trade with a target at 153, where we have a very strong demand zone.
Let me know your thoughts on this.
Happy trading to everyone.
Buying Trend Continuation on CHFJPY. The Swiss Franc/ Japanese Yen pair appear to be on a strong bullish direction since September 2016. However, since January 2023, we can see a steeper and stronger bullish pressure on the pair.
The CHF/JPY pair is currently trading in a swing Premium level, and has been for months, but while we predict that the pair should sell, Fundamentals has also been adding to the massive gain in the CHF pair. Our confluences for a Bullish trend continuation include:
1. HTF bullish trend.
2. FVG range (146.402-149.287) is unbroken, but instead acts as a SUPPORT LEVEL.
3. Price hasn't still reached our main Point of Interest (POI, which is at 158.520).
4. Price is currently at Equilibrium on the Daily chart.
Therefore, we are expecting a consolidation on the 50% level, before an expansion towards 155.583. Let's be expectant between today and Friday.
CHFJPY ____ INCOMING BEARISH MOVEHello Guys,
We have on our hands a sweet sell opportunity to capitalize on. CHFJPY recently reached an expected high which price is meant to ease the bullish rally.
What we can see on the daily is a manipulation of buyers to go long then the sellers jumped in. Now I am expecting the price to continue the short selling after entering into the daily order block which should give price momentum to create another bearish leg.
Once the price gets into the daily order block again, I will be looking for CHOCH to go short to my TP.
Follow me for more trade analysis.
Cheers,
David
CHFJPY - Bullish price action ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I expect continuation of bullish price action as price rejected from bullish order block from discount zone. I see price to make new higher high.
Fundamental analysis: Tomorrow we have news on CHF, will be released monthly CPI which is forecasted to increase. If the result will be like forecasted it will support our analysis
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CHFJPY top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHFJPY short - nowOn the following graph, we see a downward trend at the beginning of the year, and a rising downward trendline was broken through a week later. Now the market is testing this trendline from above and there is a high probability that there will be a rebound and a change in the trend in an uptrend.
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chfjpy will continue to decline
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Thank you and Good Luck!
Chf/Jpy Confirmed Downtrend on h4We have a confirmed downtrend on chf/jpy on hour 4.
Chf/Jpy is currently pulling back as we speak.
We can sell chf/jpy right now but we would need about a 60 pip stop loss to be safe.
The pullback may not be over just yet.
We can either wait for confirmation to sell on a preferred time frame, use a sell stop order, or sell now...
CHFJPY - FINALLY WE HAVE A LONG SETUPOn CHFJPY, the market is forming a long setup following the Forex48 strategy. The setup is around 153.15, where we have a strong demand zone created on May 18th. Therefore, I expect a retracement at this level before entering a long position with a target of 155.40. There is a supply zone at that level, and the price may even break through it to continue the upward momentum.
Let me know what you think.
Happy trading to everyone.
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CHFJPY IT'S READY FOR A LONG TRADEOn CHFJPY, we have a price located around 152.90 where we have a strong demand zone. Following the Forex48 Trading Academy strategy, I will aim to wait for a slight upward movement with the formation of a Point of Interest (POI), which is a bullish setup, and then enter a long position with a target of 155.40.
Let me know what you think.
Happy trading to everyone.
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.
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