JPYCHF trade ideas
CHF/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the CHF/JPY with the target of 174.383 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 ON THE MOVETechnical Analysis:
CHF/JPY continues its bullish trajectory, trading above key moving averages, including the 50-day and 200-day lines. The pair recently broke above resistance at 151.50, now turned support, with the next resistance zone at 153.00. Momentum indicators like RSI remain strong but not yet overbought, while the MACD confirms the upward trend. A sustained break above 153.00 could target 154.50 in the near term.
Fundamental Analysis:
The Swiss franc remains supported by safe-haven demand, while the Japanese yen is pressured by the Bank of Japan's ultra-loose monetary policy. Despite minor adjustments to yield curve control, the BoJ’s dovish stance contrasts with Switzerland's relatively steady monetary environment. This policy divergence and risk sentiment dynamics favor CHF appreciation against JPY.
CHFJPY is in a Bearish Structure after Breaking the SupportHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today CHFJPY analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
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CHFJPY Tested a Strong Resistance Zone Near 171.25! What's Next?CHFJPY Tested a Strong Resistance Zone Near 171.25! What's Next?
CHFJPY tested a strong resistance zone near 171.25. The price has completed a small correction and appears ready to push down at this moment.
This bearish movement is supported by speculation that the Bank of Japan (BOJ) may hike interest rates during the coming week.
The increase in inflation data continues to put pressure on the BOJ to take further steps.
After any small correction CHFJPY should continue to move down further as shown in the chart.
You may find more details in the chart!
Thank you and Good Luck!
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CHFJPY STILL NOT SUREOn one hand, it has de go back up to reach the high of the blue rectangle ;
on the other hand, it is well gone for a big descent, and it would not be crazy to think the hard blue KL is the actual low.
We'll have to be careful over the next few days because they'll be decisive regarding the pattern the curb is taking.
No matter what happens, it is to go up, the question is where s the entry ?
CHFJPY: Important Breakout & Bearish OutlookCHFJPY has broken and closed below a strong horizontal support level on an intraday basis. The highlighted blue area also serves as the neckline of a cup and handle pattern.
This violation could lead to further downward movement in prices.
The next targets to watch for are 171.19, which is the current lower low, and then 170.39.
To enter trades, it is advisable to consider the broken structure.
CHF-JPY Local Rebound Ahead! Buy!
Hello,Traders!
CHF-JPY made a retest
Of the horizontal support
Of 170.870 and we are
Already seeing a local
Bullish rebound so we
Will be expecting a
Further move up and
A retest of the local
Horizontal resistance
Of 172.408
Buy!
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BULLISH BUTTERFLYHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.