CHFJPY trade ideas
chfjpy is bullishThe CHF/JPY cross pair consists of the Swiss franc and the Japanese yen. Both currencies are used as safe-haven and funding currencies because of their unique characteristics and low interest rates.
Factors affecting the CHF/JPY rate include general economic indicators, such as information on employment, inflation data, retail sales, industrial production, trade balance and the release of GDP data, as well as the central bank decisions regarding the interest rates in both countries. Political events, natural disasters and various government policies can impact the CHF/JPY exchange rate significantly.
CHF-JPY Growth Ahead! Buy!
Hello,Traders!
CHF-JPY Is growing again
Now after the pair made
A bullish rebound from the
Horizontal support of 175.000
So we are bullish biased
And we will be expecting a
Further move up
Buy!
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CHFJPY: Pullback Trade From Support 🇨🇭🇯🇵
CHFJPY has a nice potential to pull back from a key daily support.
As a confirmation, I see a bullish breakout of a resistance line
of a falling parallel channel after its test.
With a high probability, the price will reach 175.9 level.
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CHFJPY Supply and Demand
Coach Amilia had a look at the market and put her charting in.
We're just looking for the market to swing trade back into the supply which will be the new demand zone.
ultimately, we're looking for a swing trade so keep following the lines to keep "predicting" the market.
once it breaks out any of the structures and form new HH and LL then redraw it using the same format.
CHFJPY / H1 / LONGCHFJPY may rise from the Bullish Order Block.
The CHFJPY pair has recently touched a significant bullish order block and is now showing signs of upward momentum.
Bullish Order Block:
174.140 and 173.928
Given that price is within the bullish order block, we can expect potential upward movement. I've analyzed this chart using Smart Money Concepts (SMC), a highly effective strategy for identifying high-probability trades based on price action. Now, it’s time to watch how the price reacts as it attempts to move higher from this zone.
Entry price :- 174.295
Take Profit :- 174.819
Stop Loss :- 173.772
CHFJPY H1Positivity dominated the trading of the Swiss Franc against the Japanese Yen pair. Accordingly, we look forward to buying from the 172.06 levels and place a stop at the closing of an hour below the 171.233 levels. We place the
first target: 173.650.
The second target: 174.60.
The third target: 176.78.
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
CHF/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 173.206 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CHFJPY is in the Buying Direction testing major support levelHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
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