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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

CHFJPY | MT Short H4 | The Battle of 2 Safe HavensPair: FX:CHFJPY Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action may face some resistance from a previous support line - Price has retraced to 61.8% Fib Retracement Level - Aiming for the lower Support trendline from the mid of 2023 Fundamental Confluences for Trade: - SNB has been repeatedly concerned about a strong CHF while BOJ is concerned about a weak JPY - These levels may see BOJ intervening to stop the Yen weakness and vice versa for SNB - SNB is the first developed nation to start their cutting rate cycles and BOJ has just started hiking Suggested Trade: Entry @ Area of Interest 169.50 - 170.20 SL @ 170.84 TP 1 @ 168.68 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 167.18 Risk-to-Reward @ Approx. 2.31 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Short
by weekendanalyst
CHFJPY LONG Monthly - Bullish M active expecting to complete the Monthly -27 FC - Downside is that BOC is already tapped Daily: - Bullish M with IC - S&D zone in our favor *Downside is that BOC is reached from our impulse (-) *We can see that bears tried to kick in after tapping the BOC (-), but bulls were stronger Weekly: - Market structure / Trend : Bullish - LCC: Bullish - FIB: / - ZONE: Bullish (expecting break and retest like in the past) 4H: - Bullish MS - W/D/4H = Bullish TF's
Long
by SimonVerlinde
1
CHFJPY Poised to Rise Further - VERY RISKYCHFJPY Poised to Rise Further The Japanese Yen is facing big challenges. It has extended its descending trend, reaching a fresh multi-decade low. Traders are closely watching the US Q1 GDP report and the Bank of Japan’s (BoJ) policy meeting for further direction CHFJPY benefited in the short term from this situation and is pointing to rise further as no one stopped this madness in JPY pairs. It has a high risk as trade. 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❤️
Long
by KlejdiCuni
chfjpy sell trade ideaBased on the latest technical analysis for the CHF/JPY H4 (4-hour) chart, here's a bearish perspective: *Moving Averages:* - The *Simple Moving Averages (SMAs)* and *Exponential Moving Averages (EMAs)* are indicating a bearish trend with the price below key moving averages. - A *death cross* may be forming, where a longer-term moving average crosses above a shorter-term one, suggesting downward momentum. *Oscillators:* - The *Relative Strength Index (RSI)* is below 50, which typically indicates bearish momentum¹ . - The *Stochastic Oscillator* is signaling a potential downward move as it approaches overbought territory¹ . *Support and Resistance Levels:* - The price has recently failed to break above a significant resistance level, indicating a lack of buying pressure. - There may be a formation of lower highs, which is a classic bearish signal. *Volume:* - Trading volume is decreasing on upswings and increasing on downswings, which often signifies a strong bearish sentiment. *Candlestick Patterns:* - Recent candlestick formations suggest distribution by bears, with patterns such as the 'Bearish Engulfing' and 'Shooting Star' indicating potential reversals to the downside. *Fibonacci Retracement:* - The price is struggling to stay above the 0.618 Fibonacci retracement level, a common reversal zone, hinting at a possible downward movement. *Overall Sentiment:* - The aggregate sentiment from technical indicators points towards a bearish outlook for CHF/JPY on the H4 chart. Please note that this analysis is based on current chart patterns and indicators, and the forex market is highly volatile. It's important to do your own research and consider multiple sources of information before making any trading decisions. This analysis does not constitute investment advice.
Short
by Mansa_Musa_Capital
CHF/JPYAn inverse head and shoulders pattern is a bullish reversal pattern in technical analysis. It forms after a downtrend and consists of three troughs: two shoulders and a head, with the head being the lowest point. The pattern suggests a potential reversal in market sentiment. The neckline, drawn by connecting the highs between the shoulders, acts as resistance that the price needs to break above to confirm the pattern. A breakout above the neckline, typically accompanied by increased volume, signals bullish momentum. Traders often wait for confirmation of the breakout before considering long positions, and they may use the distance from the head to the neckline to estimate a price target. However, traders should consider other factors such as overall market conditions and trend strength before making trading decisions solely based on this pattern.
Short
by B9A-88652-NisarAhmad