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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

Forex Trading Signal: CHF/JPY Buy AlertDear Traders, We have identified a promising trading opportunity for the CHF/JPY currency pair. Below are the trading details: Direction: Buy Enter Price: 174.6 Take Profit: 175.728 Stop Loss: 172.898 Justification: We have made this forecast using our advanced EASY Quantum Ai strategy, which leverages historical data analysis, market sentiment, and technical indicators to provide high-accuracy predictions. Our analysis indicates a potential upward movement due to the following factors: 1. Technical Analysis: The current price has shown strong support levels around 174.6. The RSI and MACD indicators suggest bullish momentum. 2. Fundamental Analysis: Recent economic data from Switzerland indicates robust performance, contributing to the strength of the Swiss Franc. 3. Market Sentiment: Observations reveal an increase in buying pressure for CHF, suggesting positive investor sentiment. Execute this trade with the specified entry price, take profit, and stop loss to manage risk effectively. Happy Trading! This forecast is provided by the EASY Quantum Ai strategy to maximize your trading success.
Long
by ForexRobotEasy
Elliott Wave Intraday Analysis: CHFJPY Bouncing Higher from SuppShort Term Elliott Wave view in CHFJPY suggests the decline from 7.11.2024 high unfolded as a zigzag structure. Down from 7.11.2024 high, wave A ended at 175.84 and rally in wave B ended at 177.64. The pair then extended lower in wave C with internal subdivision as an impulse. Down from wave B, wave ((i)) ended at 176.91 and rally in wave ((ii)) ended at 177.51. Pair then extended lower again in wave ((iii)) towards 173.15 and bounce in wave ((iv)) ended at 173.96. Final leg wave ((v)) lower ended at 172.28 which completed wave C of (4). Pair has turned higher in wave (5). Up from wave (4), wave (i) ended at 173.3 and pullback in wave (ii) ended at 172.6. Pair then rallied higher in wave (iii) towards 175.15 and pullback in wave (iv) ended at 174.11. Expect pair to extend higher in wave (v) which should complete wave ((i)) in higher degree. It then should pullback in wave ((ii)) to correct cycle from 7.25.2024 low before the rally resumes. Near term, as far as pivot at 172.28 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.
by Elliottwave-Forecast
CHFJPY: LTF CURVE ANALYSIS (155m) - (DOWNTREND)CHFJPY: LTF CURVE ANALYSIS (155m) ✨ (DOWNTREND) SLO2 @ 179.36 ⏳ SSO1 @ 178.806 ⏳ SSO2 @ 177.519 ⏳ TP1 @ 175.068 TP1a @ 173.75 (secret TP) TP2a @ 172.50 (secret TP) TP2 @ 171.491 TP3 @ 169.148 BLO1 @ 168.585 (leave as a price alert) 🔑 BLO = BUY LIMIT ORDER LTF = LOW TIME FRAME PA = PRICE ACTION SL = STOP LOSS SLO = SELL LIMIT ORDER TP = TAKE PROFIT DISCLAIMER: PA is at its ATH and it keeps going long.....however, I'm of the notion that there may be an opportunity to capitalize on this pair.....finally! PA is good stop and our R:R is enormous. I'm personally taking a chance on this one as I know how to manage my risk. If you don't, just watch and see what happens. In any case a risk tolerant -SL should be used & in place in these particular situations. THIS IS NOT FOR EVERYONE!!!! I'm only posting to track for my own personal reference. Short-term time frames (1-minute to 3 hour): — Highly volatile, price movements can be fast and unpredictable. — Suitable for day trading and scalping, but require constant monitoring and quick decision-making. — Not ideal for beginners due to the risk and stress involved.
Short
by oktane
2
CHFJPY - GTP 80% - DOWN - 700 pipsBased on the latest COT data for CHF/JPY: Long OI: 6,491 (6.58%) Short OI: 56,284 (57.04%) Net positions: -49,793 (Bearish) The data shows an increase in long positions but a significant dominance in short positions, indicating a strong bearish sentiment. The probability of further downside movement remains high based on these figures and the downtrend visible on the chart. The target remains at the previously identified level. What target price level and % ChatGPT Based on the chart and the latest COT data for CHF/JPY: Target Price Level: The target level on the chart is identified around 168.000. Percentage Probability: Given the bearish sentiment reflected in the COT data and the ongoing downtrend, there is an estimated 80% probability of continuation lower to reach this target level.
Short
by NZ_Shareman
chfjpy sell tradeHere's a bearish technical analysis for CHF/JPY on the H4 charts: 1. **Trend Analysis**: - The overall trend on the H4 chart shows a bearish momentum. The price has been making lower highs and lower lows, indicating a downtrend. 2. **Moving Averages**: - The 50-period and 200-period moving averages are above the current price, which is a bearish signal. The price is also below the 20-period moving average, reinforcing the bearish sentiment. 3. **Support and Resistance Levels**: - **Resistance**: The nearest resistance level is around 177.00, which aligns with the previous swing high. - **Support**: The immediate support level is at 175.50, which is a recent swing low. A break below this level could lead to further declines. 4. **Fibonacci Retracement**: - The price is currently hovering around the 38.2% Fibonacci retracement level from the recent high to low. A break below this level could see the price targeting the 50% and 61.8% retracement levels, which are around 174.50 and 173.50, respectively. 5. **Technical Indicators**: - **RSI**: The Relative Strength Index (RSI) is below 50, indicating bearish momentum. - **MACD**: The MACD line is below the signal line, and both are below the zero line, which is a bearish signal. - **Stochastic Oscillator**: The Stochastic Oscillator is in the oversold territory, suggesting that there might be a short-term pullback before the downtrend continues. 6. **Chart Patterns**: - There is a potential bearish flag pattern forming, which could indicate a continuation of the downtrend if the price breaks below the flag's lower boundary. 7. **Volume Analysis**: - The volume has been decreasing during the recent upward corrections, suggesting that the bullish moves are weak and the bears are likely to regain control. In summary, the CHF/JPY pair on the H4 chart shows several bearish signals, including a downtrend, bearish moving averages, and bearish technical indicators. Traders should watch for a break below the support levels and the continuation of the bearish patterns for potential short opportunities. Source: Conversation with Copilot, 7/23/2024 (1) CHFJPY Chart, Rate and Analysis — TradingView. www.tradingview.com (2) CHFJPY technical analysis - TradingView. www.tradingview.com (3) CHF/JPY Technical Analyses - Forex - CentralCharts. www.centralcharts.com (4) CHFJPY technical analysis - publisher.fxblue.com. publisher.fxblue.com
Short
by Mansa_Musa_Capital