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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

CHFJPY: Rising on the 1D MA200.CHFJPY is neutral on its 1D technical outlook (RSI = 50.785, MACD = -0.360, ADX = 31.970) as the price action is ranged between the 1D MA50 and 1D MA200. The dominant pattern is a Channel Up however and with the price rebounding on the 1D MA200 (unbroken since March 29 2023) and the 1D MACD has formed a Bullish Cross, we expect the new HH leg to start. Our target is the R1 level (TP = 171.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation. Target Levels: 168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point. 169.18: This is a further extension of the upside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order below the broken resistance line of the triangle, ideally around 167.45. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you.
Long
by KABHI_FOREX_TRADING
7
How Do Central Bank Rate Decisions Push/Pull Forex Markets?Hey Traders, In this video I will cover an in-depth study on how the decisions of Central Banks concerning interest rates dictate the velocity of any market move in Forex. This is something you really need to know if you are trading any FX pair, especially the JPY or CHF. The deviation between the central banks of the two is a growing deep and this is driving the new move, as it did the previous one. Watch for more.
Short
by WillSebastian
2
CHFJPY Inside a complex patternCHFJPY Inside a complex pattern Technical Analysis: The price is developing a large corrective pattern. The C wave looks completed and the price is also losing the bullish steam on the 4-hour chart. During the last days the price also created some bearish 4 hour candles by rising the chances for the bearish wave we are looking at. A break out of the price below the pattern should push it down more. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni