CHFJPY trade ideas
CHFJPY - Short IdeaThe exogenous and endogenous factors are decreasing for the pair CHFJPY. However, CHFJPY's leading economic indicators are increasing. COT report RSI also shows that net positions are decreasing for CHF and net positions are increasing for JPY. Interest rate differential is also negative for the pair CHFJPY as IR for CHF decreases and increases for JPY.
Technically CHFPY is in a bearish trend making HHs and HLs and currently, it is at a strong Daily Support level. Wait for the retracement to fib 0.382 or 0.5 level to enter the trade. Place the stop loss on the previous LH.
CHF/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are going long on the CHF/JPY with the target of 172.401 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CHFJPY: One More Buying Opportunity 🇨🇭🇯🇵
One more buying opportunity for today is on CHFJPY pair.
After a test of key daily support, the price formed an ascending
triangle pattern on an hourly.
We see a positive bullish reaction of the price after a breakout of its neckline.
The pair may reach 169.45 level soon.
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CHFJPY Short IdeaCHFJPY Short Idea
COT Report
- Non Commercials are reducing there position in CHF, showing weakness in CHF.
- Non Commercials started taking long positions in JPY, showing strength in JPY.
Endogenous Factors
- JPY score after all indicators is +3 and +4 for last two months
- CHF score after all indicators is -2 and -1 for last two months
- JPY looks stronger and CHF weaker in Leading Economic Indicators
Exogenous Factors
- JPY Interest Rates and Real GDP are getting stronger.
- CHF Interest Rates and Real GDP are getting weaker.
Seasonality
- December is usually a bullish month for CHFJPY, but this time exogenous and endogenous factors, the fundamentals of both currencies, are not looking in favor of the seasonality.
News Catalyst
Expecting a negative or equal to last month CPI data for CHF releasing on Tuesday. This may keep the trend of CHF JPY bearish for next few days as well.
Trade Plan
Place a Sell Limit near Order block or between 32%-50% retracement on h4, expecting it to be triggered before or at CPI news release.
SL is above h4 recent swing high.
CHFJPY - YEN RETRACEMENT OVER?The fib .618 gives the Yen a very strong support looking at the daily Index chart for Japanese Yen. Yen has been ranging within the last 2 weeks sitting right on top of the fib.618 level but yesterday broke out of range with that long green elephant bar.
A break below 172.6 level could see this pair drop harder as it has failed to reach previous high and presently consolidating.
A near perfect Broadening wedge formation somewhat indicating a reversal is looming after a long bullish trend. Usually in this case if current swing fails to reach previous high or break above it, we anticipate price to drop hard targeting Price objective for Broadening Wedge formation (160.80).
Looking out for potential SHORT scalps on this pair on the break of 172.60 level targeting next support (W1) of 169.25.
A break & close above resistance will nullify analysis.
CHF/JPY continues the downtrendOn CHF/JPY , it's nice to see a strong sell-off from the price of 171.540 and 172.500. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Support from the past and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
CHFJPY - Ascending TriangleCHFJPY is making Ascending Triangle Pattern, will it breakout to reach target?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, SNB rate cut as from 1.25% to 1% recently may result in weak CHF.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
Institutional Demand: CHF/JPY longsHey,
The main pair on watch for me for the upcoming 48 hours is CHF/JPY.
Price is within daily demand and soon reaching weekly value as well.
I've adjusted the daily zone according to the HTF's.
When this zone is reached, I'll wait for entry confirmation on the LTF's.
Same plan as always.
Make sure to watch my videos to learn more.
Oh and boost this post :)
Kind regards,
Max
CHFJPYIts making a nice LH and LL. i have entered after the close of bearish engulfing making my stop loss to the previous LH.
CHFJPYIts in a nice bearish trend. i have entered after its made a bearish enulfing bearish, making the stoploss the previous LH.
CHFJPY long - same deal as AJ. if price holds above POC on volume then I'll look to go long till POC above (173)
CHFJPY TRADE SETUPWait for retest the key level then take a trade for Sell otherwise skip this setup
CHFJPYCHFJPY
The potential sell scenario for the pair next week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
CHFJPY forecast On technicals, The price reacted to the bearish cypher pattern and started dropping, breaking the support level with a strong candle. It seems likely to continue its decline toward the 166 level. Right now, we’re waiting for a retest of the broken 172 support, which could be a good entry point.
On the fundamental side, Swiss GDP dropped by 0.4% in the third quarter, as expected, while The yearly tokyo core CPI rose to 2.2% from 1.8%, beating the forecast of 2.0%. This supports the yen’s strength against the CHF.
ChfjpyIt falls for a while and rises again.
Please check with the volume indicator
Apparently, it will rise in the next few days
CHF/JPY Analysis The pair has shown some bearish momentum, reaching a zone of interest for potential reactions. While a short-term bounce is possible due to oversold conditions and the proximity to a key weak low, the risk here is not negligible. Market dynamics suggest this could be a countertrend move, so it's vital to manage risk carefully.
Key Observations:
Weak low interaction: The price is sitting near a potential liquidity zone, making a reaction plausible.
Risk Note: Larger trends still lean bearish; any bounce may face resistance.
Always prioritize risk management and trade responsibly!
CHF/JPY SellWe're in action! A short position on CHF/JPY has been signaled around the 175.08 level.
🎯 Target: 174.75
The pair is showing potential for downside after forming a retracement. Let’s monitor for the move!
💡 Manage your risk and trade smart. 🚀
CHF/JPY: Bearish Continuation to Key SupportsOANDA:CHFJPY is in a bearish trend, with key resistance at 175.676 and 174.148, and support targets at 172.563 and 169.414. The descending trendline suggests continued downside momentum unless the price breaks above 175.676, which would invalidate the bearish outlook. The pair is likely to retest support levels in the near term...
Lingrid | CHFJPY short from the RESISTANCE zoneFX:CHFJPY is currently pulling back to the resistance after a significant bearish move. It appears that if the price fails to break above the resistance at 172.500, as well as the downward trendline that also acts as a swap zone, it could signal a strong continuation of the bearish trend. This level has been tested multiple times in the past, which highlights its importance as a resistance zone. I am waiting for the price to roll back into this resistance area. If price action gives a clear sell signal, such as a protruding long-tailed bar, it could indicate a liquidity grab above this zone. This type of price action may suggest that sellers are stepping in, and it could present a good opportunity to short the market. My goal is to support zone around 170.300
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CHFJPY - Sell Price needs to stabilize near 169.45.
I'm entering a sell trade now. This could take days or weeks to hit the target, and I’m ready to sit tight.
I’ll update as needed.
CHFJPY: Free Trading Signal
CHFJPY
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long CHFJPY
Entry - 171.55
Sl - 170.62
Tp - 173.41
Our Risk - 1%
Start protection of your profits from lower levels
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GBPJPY potential drop from the resistance levels crossingThe CHF/JPY pair is retracing towards the 172.500 resistance level following a notable decline. If the price fails to surpass this resistance and the accompanying descending trendline, which serves as a swap zone, it may indicate a continuation of the bearish trend. The repeated testing of this level underscores its significance as a resistance area. A clear bearish signal, such as a prominent long-tailed bar, could suggest a liquidity grab above this zone, indicating increased selling pressure and a potential opportunity to enter short positions. The target for such a move would be the support zone near 170.300
