CHFJPY View!!Global factors appear to be having a greater influence on USD/JPY than the Bank of Japan and its policy outlook. U.S. yields and oil could therefore have a greater impact over the coming year, regardless of whether the BoJ hikes another 25 bps, or 75 bps.
A recent research note from Danske Bank expects the BoJ policy rate to reach 1% within the coming 12 months. They cite the need to improve Japanese public opinion and Government approval ratings. With Japan being a big energy importer, the weak JPY has driven up fuel costs and has had a negative impact on company profits over recent years.
JPYCHF trade ideas
CHF-JPY Will Keep Falling! Sell!
Hello,Traders!
CHF-JPY is trading in a
Downtrend and we are
Seeing a bearish breakout
Of the key horizontal level
Of 167.000 which reinforces
Our bearish bias and we will
Be expecting a further move down
Sell!
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CHFJPY Elliott Wavehello friends
We see a triangle in the CHFJPY currency pair. Triangles are always seen in wave 4 or B of a zigzag. But everything depends on where these triangles break. It usually moves in the same direction after the break and the Pullback goes to the line. My theory is a wave B of a zigzag and the price is more likely to decline. Stop loss can also be set at the end of the previous wave or previous swing, because if the previous wave or previous swing is broken, the analysis and the chosen path are invalid and you have to enter the trade in the direction of the price break.
The probability of a price decrease is much higher than its increase.
Therefore, we have prepared a trade for downward movement.
Of course, we are in microwave C of the main wave D of the triangle. So, for the time being, the price reduction to the bottom of the triangle trend line seems definite.
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CHFJPY: Bearish Divergence (Head & Shoulder Pattern)CHFJPY is moving in downtrend and currently forming perfect head & shoulder pattern on 1day time frame, So we can wait for the break of the nick line, to confirm the bearish trend and take a short trade. This is 1 day time frame analysis, so its take a time.
CHFJPY: Pullback From Key Support 🇨🇭🇯🇵
There is a high chance that CHFJPY will pullback
from a horizontal daily key level.
I see a nice confirmation after its test - an inverted cup and handle pattern
and breakout of its neckline.
I expect a bullish move at least to 167.75
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CHF-JPY Risky Long! Buy!
Hello,Traders!
CHF-JPY fell down sharply
Then hit a horizontal
Support level of 166.517
And we are already seeing
A local bullish rebound so
We will be expecting a
Further bullish correction
Buy!
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CHFJPY Sell-off to be extended.The CHFJPY pair has been trading within a Channel Down pattern since the July 11 High and has currently already started the new Bearish Leg, having failed to break above the 1D MA50 (blue trend-line). Until it does, the trend will remain bearish.
This Leg targets the 1W MA100 (red trend-line) and our Target is 161.500. We will swift to buying again after the CCI prints two straight Higher Lows, similar to August 05 and April 02, but we will update when the time comes.
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I have done the Heavy-lifting for YOU! CHF-JPY: H&S's Sell
Hi guys,
I have done all the heavy-lifting & planning for you on this one.
It may be as simple as hitting the 'sell-button'.
It's a Daily-chart pattern which will hold more weight,
Price has almost retraced to the neck-line,
Hop to it, take a look,
Thanks for reading.
CHFJPY Is Bullish! Long!
Here is our detailed technical review for CHFJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 169.713.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 170.855 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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