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Swiss Franc / Japanese Yen

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CHFJPY trade ideas

JPY Pairs at Key Resistance Overview Most Yen pairs are at or nearing key resistance on daily, weekly, and monthly time-frames. The Details The Yen continues to weaken against global currencies due to negative interest rates set by the Bank of Japan (BOJ) and higher interest rates from the RBA, RBNZ, ECB, BOE, SNB, FED, etc. The BOJ are edging closer to changing rates to zero or positive. This could strengthen the Yen, or at least stabilise the JPY selling. The BOJ may intervene in the FX rate if JPY continues to weaken further, meaning possible JPY bullish volatility. The Technicals AUDJPY at weekly horizontal channel resistance CHFJPY at monthly bullish channel resistance GBPJPY nearing monthly horizontal resistance NZDJPY at monthly horizontal resistance SGDJPY at daily horizontal resistance and nearing previous daily trend support as resistance USDJPY around weekly horizontal resistance
Short
by Samuel_Morton_Trader
CHFJPY, Lesson in measured movesSome idea came to my mind. The long-term trend is up. On the daily, it is obvious we are in a consolidation area. Weekly is bullish, Daily is bullish, but... Open the 4 Hour chart or the 2 Hour one and it won't be hard to spot all measured moves or AB=CDs. Each one of them was a great opportunity for a small stop-big reward trade. See the blue line that is pressing the price down. I am conscious of the 200 EMA support, but there are 2 major scenarios from here. Either a breakout of this line now, or we may play a fakeout on the short side if we have a price action signal short. I am as usual a fan of taking the way in which the majority of the people are trapped - which here is the short side. It will give room for some 1 to 3+ RR trade if you don't scale out which is not bad at all. Wanted to share the chart as it is almost like a lesson in AB=CD moves.
Short
by TheSpringHunter
Lingrid | CHFJPY trendline BREAKOUT. LongThe market is overall in a bullish trend, and the price is heading towards resistance and a downward trendline. FX:CHFJPY updated swing highs and fixed above the key level at 170.000. I think the price may rise from the support and reach the resistance by taking trendline liquidity. I expect the market to make an extension upwards because on the 4H timeframe, the market is forming a triangle formation, which is a trend continuation pattern. My goal is the resistance zone at 171.000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
CHFJPY :trendline BREAKOUT. LongThe market is overall in a bullish trend, and the price is heading towards resistance and a downward trendline. FX:CHFJPY updated swing highs and fixed above the key level at 170.000. I think the price may rise from the support and reach the resistance by taking trendline liquidity. I expect the market to make an extension upwards because on the 4H timeframe, the market is forming a triangle formation, which is a trend continuation pattern. My goal is the resistance zone at 171.000
Long
by ALPHA_CHART
1
CHFJPY: Fundamental Insights on Swiss InflationHey Traders, in today's trading session, we are monitoring CHFJPY for a selling opportunity around the 170.500 zone. CHFJPY is currently in a downtrend and appears to be in a correction phase as it approaches the critical 170.500 support and resistance area. Now, let's delve into the fundamental analysis shaping this trade. One fundamental factor influencing CHFJPY is the easing inflationary pressure in Switzerland. Recent data indicates a slowdown in inflationary trends in Switzerland, which may weaken the Swiss franc against other currencies. This easing inflation could contribute to downward pressure on CHFJPY as traders anticipate a softer Swiss franc in the forex market.
Short
by JoeChampion
Target CHFJPY - FuturecastCHFJPY Futurecast using a oddly placed intersection point that formed above the graph. I'm calling it event horizon and cast arches from there to several key locations on the chart resulting in the following strange timeline with incomprehensible results as I have no grasp of this instrument what so ever. Bisects used again as the intersect of time, and the arches would ideally confirm the intersects as it seems to have done so. Honestly, I don't understand how it works, but I can see a pattern emerging. I have to cast other instruments to verify if the method is applicable to other pairs,(it should be), and just continue to collect data. Decision on order executions should be supported by the models data, giving traders additional leverage in their considerations on TP,SL etc.
by njclimber