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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

CHFJPY: Technically topped. Short opportunity.CHFJPY is on bullish 1D technicals (RSI = 59.579, MACD = 1.000, ADX = 53.750) but for the past 2 days have deen declining. This suggests that the top is has been priced and a technical pullback is to follow. The 1D MACD is on the verge of a Bearish Cross. All previous uptrend corrections hit or came close ot the 0.618 Fib. Consequently, we turn bearish on the short term (TP = 170.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
CHFJPY Is Very Bullish! Buy! Please, check our technical outlook for CHFJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 172.971. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 173.863 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
#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