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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

#CHFJPY bearish high potential moveA clear 5-wave bullish move has formed, with the fifth wave taking the shape of an ending diagonal, or what could also be termed a rising wedge pattern. Regardless of terminology, this is a bearish pattern with a high potential for reward. Further confirmations include a bearish divergence between price and the MACD oscillator during the formation of wave five, as well as price reaching one of the key Fibonacci targets for the completion of the fifth wave. To enter the trade, ensure you wait for a proper bearish breakout of a rising wedge pattern.
Short
by mohemati
1
CHFJPY goin up10:19:24 AM (AI news analysis) Flexity Analysis for CHFJPY Forecast Overall(Short-Term, Long-Term): ST=Strong Up LT=Strong Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Up LT=Up ST=Up LT=Up FlexityIndicator Analysis Method(0) Market Analysis Conclusions Short-term Forecast (Next 24 hours) Expected Price Movement Go Up Forecasted Price ¥171.90 Current Rate ¥171.75 Sentiment Bullish Long-term Forecast (Next 7 days and beyond) Expected Price Movement Go Up Forecasted Price (7 days) ¥174.86 Technical Indicators Retesting of a broken key level Position of the Simple Moving Averages Sentiment Bullish Overall Analysis The analysis suggests that the CHF/JPY pair is likely to experience an upward movement in both the short-term and long-term, driven by a bullish sentiment and supported by technical indicators. Result: ST=Up LT=Up FlexityIndicator Analysis Method(1) CHF/JPY Exchange Rate Analysis Short-term Analysis (next 24 hours to 1 week) Forecast Predicted Movement Technical Analysis SMA Indicator 0.07% increase in 24 hours, potential increase to ¥175.02 in 1 week UP 24 technical analysis indicators signaling bullish signals Current rate above 50-day SMA, indicating potential short-term upward movement Long-term Analysis (beyond 1 week) Forecast Predicted Movement SMA Indicator Overall Sentiment 1.6% increase for October 2024, average rate of ¥184 UP (with caution) Current rate below 200-day SMA, indicating potential long-term downward pressure Overall bullish sentiment in the market, supporting long-term upward trend Conclusion Please note that these analyses are based on the provided data and may not reflect real-time market conditions. It's always recommended to check current market news and analysis for the most up-to-date information. Let me know if you'd like me to make any changes Result: ST=Up LT=Up FlexityIndicator Analysis Method(2) Market Analysis Conclusions Short-term (next 24 hours to 7 days) Price Movement Expected to go up Technical Analysis Bullish continuation from current support level of 172.734 Forecast ¥ 171.90 in the next 24 hours ¥ 175.02 in the next 7 days Long-term (beyond 7 days) Price Movement Expected to go up Overall Sentiment Bullish, with 24 technical analysis indicators signaling bullish signals in the last 30 days 200-day SMA Forecast Expected to rise to ¥ 172.91 by November 3, 2024 50-day SMA Current rate is above the 50-day SMA, which is expected to rise, further supporting the bullish outlook Risk Assessment There is no indication that the price is expected to stay the same or go down in either the short-term or long-term analysis. However, if the key support level of 168.676 is breached, there is a potential downside risk. Result: ST=Up LT=Up
Long
by orbborisson
CHFJPY Elliott Wavehello friends In the CHFJPY currency pair, we see a complete 5-wave pattern with waves 1-5 completed. Apparently, wave 5 is an end triangle, one of its characteristics is the formation of small waves that overlap each other. These microwaves diverge from each other. This means that the price has increased, but the RSI indicator has decreased. Wave 3 has a divergence with wave 5, which confirms the hypothesis. Although nothing is certain in the financial markets, so stop loss should be placed in the right place and capital management should be followed. My suggestion is to set a stop loss in the range of 174.22, of course, provided that the bottom trend line of wave 5 is broken. Our hypothesis for trading in this analysis is the break of the trend line drawn at the bottom of wave 5. If the desired bottom is broken and pullback hits it, you can enter the sell trade. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Short
by M_Gheysvandi
CHF/JPY October Forecast: Bearish Divergence and Key Sell Setup CHF/JPY October Market Structure and Trading Analysis In the CHF/JPY pair, the October monthly structure reveals an open high-low-close pattern, which points towards a potential sell setup. As of now, we are awaiting confirmation through a TDI (Traders Dynamic Index) cross to validate entry points for sell trades. Key Technical Highlights: 1. Bearish Divergence: A clear bearish divergence has been forming since July 19, 2024 , extending to the current market price. This divergence signals a potential shift in market sentiment, suggesting a downward move may be imminent. 2. Open High Structure on Daily Chart: The daily timeframe for October continues to display an open-high structure, reinforcing the bearish outlook for the month. 3. Overbought Market Conditions: The price is showing signs of being significantly overbought following a strong bullish breakout from October 1, 2024. This overbought condition makes the pair vulnerable to a correction, further strengthening the sell setup. 4. TDI Cross for Confirmation: A bearish cross in the TDI indicator will provide confirmation of the presence of sellers in the market. This signal is crucial before initiating sell positions. Take Profit Levels: - Take Profit 1: 172.000 - Take Profit 2: 170.750 - Take Profit 3: 170.000 Trading Recommendations: Patience is key—wait for clear, valid signals such as the TDI cross to confirm entry points. As always, exercise caution and apply proper risk management when trading to protect your capital. If you find this analysis insightful, please like, leave a comment, and follow for more updates. I will happily follow back. Good luck with your trades! ---
Short
by ezeepips
1
CHFJPY bullish again... the week of 14 Oct, 2024Weekly chart – bullish Daily chart – bullish H4 chart – bullish (was in consolidation between 172.70 and 173.50 but broke out to the upside). The structure of this pair has resumed the bullish nature (HL and HH) and for the most part the 20sma has been holding price above it. A pullback would be nice and provide a good location to take a long. However, if a strong move to the down side forms, that would negate my analysis. My initial target would be in the 175.00 region with the possibility to let some part of the trade run higher. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
#CHFJPY 1HA rising wedge pattern has formed on the CHF/JPY 1-hour chart. This pattern typically indicates a bearish reversal, characterized by a narrowing price range with higher highs and higher lows, suggesting weakening momentum. As the price consolidates upwards within this wedge, volume often declines, hinting at an impending breakout to the downside. Forecast: Sell The rising wedge is a reversal pattern, and in this case, a bearish breakdown is anticipated. A sell position could be considered, with a target near the lower support levels, once the price breaks below the wedge’s support line. Traders should be cautious of false breakouts and monitor key levels for confirmation.
Short
by PIPSFIGHTER
2
BUY CHFJPY uptrend continuation STOP LOSS : 173.112BUY CHFJPY uptrend continuation STOP LOSS : 173.112 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
2
The #1 Reason I Was Wrong About AUDJPY Or CHFJPY...AGAIN!!I was wrong about the FX_IDC:AUDJPY again..because I was trying to find the right forex trading system to not only make money but also manage my personal stress - Listen as of now am using a FREE account on Tradingview So most of these trades will be long-term trading options. Until I am able to get a paid subscription on trading view. - Long-term term trades are very good for beginners because it slows down the fast pace trading - And allows you to learn more if you are using proper risk management - This forex trade FX_IDC:CHFJPY sadly is a 7-month move at best 3 months. - Maybe later on when I upgrade to trading view essential I might be able to really develop a trading system for day trades. - Honestly, day trading does have a cost to it There is no way around it you have to pay to play in day trading. - Including mid-term trades such as 3-month holds or 1 month holds. This buy signal is a 7-month hold. This means you have to calculate your risk management strategy well. These past few days I have been battling With my trading systems because I really wanted to design a day trading system But all I can manage right now are long-term trades. My hope is that you will continue to follow and learn from these long term trades Now will this reduce my popularity sadly yes. But with my long term trading signals, I think I will be able to attract the right type of people Who have an investing mindset also its safer to trade long-term {7 months] than short-term gains. So don't feel discouraged if you are looking for short-term gains. If that's you then this recommendation and my other recommendations will never suit you because all my trades will be now focussed on me finding the best Long-term trades. Using the rocket booster strategy which has the following 3 steps: #1-The price should be above the 50 EMA #2-The price should be above the 200 EMA #3-The price should be in an uptrend This is a strategy of trading and I hope it will serve you well. Remember if you want to learn more rocket boost this content Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies. :
Long
by lubosi
#CHFJPY 2HOn the 2-hour chart for #CHFJPY, the price is currently moving within a well-defined channel pattern, suggesting a potential breakout or breakdown scenario. Traders should prepare for both directions, with opportunities to either buy or sell depending on how the market reacts to key levels. Key Insights: 1. Channel Pattern: The price is fluctuating between a clear support and resistance level, forming a horizontal or slightly sloping channel. This indicates market indecision, with buyers and sellers battling for control. 2. Breakout Scenario (Buy): - If the price breaks above the upper resistance of the channel with strong momentum, it signals the start of a bullish move. - Traders should look to enter buy positions after a confirmed breakout, ideally with increased volume, to validate the upward movement. 3. Breakdown Scenario (Sell): - Conversely, if the price breaks below the lower support of the channel, it points to a bearish shift. A breakdown would signal a good opportunity for sell positions, especially if supported by rising selling volume and momentum. 4. Volume Confirmation: Pay close attention to trading volume, as significant increases during a breakout or breakdown will strengthen the validity of the move. 5. Stop-Loss Considerations: - For the breakout (buy), place a stop loss just below the resistance level (now turned support) to manage risk in case of a false breakout. - For the breakdown (sell), place a stop loss above the broken support (now turned resistance) or the latest swing high. Trading Strategy: Entry: Buy if the price breaks out above resistance. Sell if the price breaks down below support. Take Profit: Set take-profit levels according to key resistance zones (in the case of a buy) or support zones (in the case of a sell). Stop Loss: Set stop losses above resistance for a sell trade or below support for a buy trade to minimize risk. This technical analysis provides a flexible strategy for trading #CHFJPY on the 2-hour timeframe, allowing traders to react to either a bullish breakout or bearish breakdown from the channel pattern.
by PIPSFIGHTER
ChfJpy Longterm - SELLThe SNB was one of the first to start the rate-cutting process. Japan, on the other hand, has entered a rate-hiking phase, contrary to other developed central banks. This contrasting approach is helping the Japanese Yen, which has experienced a historic depreciation, to recover. When we look at the long-term main uptrend, we see that the trend price movement aligns with Fibonacci retracement levels. This technically signals the completion of the main uptrend. Our initial target is to see a drop towards the 23.6% Fibonacci level. If this level breaks, we expect a further decline towards the 38.2% level. Since this analysis is based on a weekly chart, these levels are long-term targets, and there will be several intermediate pivot levels and corrective moves along the way. If you missed the previous peak, the current price offers a second chance to sell. You can follow our analysis for intermediate levels, new position additions, and profit-taking opportunities. We will be sharing updates on lower time frame levels.
Short
by TradeAndMeApp