CHFJPY → Trade Analysis | SELL SetupCHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout.
To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level.
Is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CHFJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
JPYCHF trade ideas
How much more will the yen continue its devaluation?Still no support from the BoJ to stabilize their Japanese yen. But there is a reason for that...
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CHFJPY Is Very Bullish! Buy!
Here is our detailed technical review for CHFJPY.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 178.422.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 179.979 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CHFJPY WEEKLY FORECASTHello Traders, Welcome to the CHFJPY Weekly Forecast
This week, we are focusing on the CHFJPY pair, which has been displaying a well-defined range between its key support and resistance levels over the past week. As last week closed near the resistance zone, our primary expectation is for the price to retrace and retest the support zone. This anticipated pullback is crucial as it may provide a solid foundation for the price to rebound.
Analysis and Expectations:
After testing the support zone, we foresee a potential upward movement. This bullish momentum could lead to a break above the current resistance zone. Upon breaking this resistance, we anticipate that the pair will establish the previous resistance level as a new support. This change in structure could pave the way for further upward movement, reinforcing the bullish trend.
Alternative Scenario:
However, it is important to remain vigilant. If the price action does not align with our expectations and fails to hold at the support level, the ensuing drop could be substantial. A significant fall might indicate a bearish sentiment prevailing in the market, leading to a deeper correction.
Conclusion:
In summary, our first perception of the CHFJPY pair is cautiously optimistic, with an initial pullback followed by potential upward momentum. Traders should monitor these key levels closely and adapt their strategies accordingly. Keep in mind the alternative scenario, where a failure to hold the support could result in a significant decline.
Stay tuned for further updates, and happy trading!
By Piptera Digital Solutions
CHF/JPY Gave Good Bearish P.A , Is It A Good Time To Sell ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHFJPYIs CHFJPY exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 175
What you guys think of it?
CHFJPY - Perfect Wycoff
After the Explosive move
We have all the Elliments of the Wycoff Pattern
Happens time after time
Inconjunction with fundamental Strength of a Currency especially is a very reliable pattern/Syetem.
For whatever reason CHF is flavour of the day for the last 2 - 3 weeks especially.
Plus it is fundamentally strong compared to the Jappy
last 4 weeks scores
7,8,6,6
Looks like fundamentals are dropping a bit but still way in the green 10 being the top score.
The Volume Profile to the left is a screenshot of the 5 minute time frame and clearly shows a lack of orders in the top section of the Explosive Bearish Candle after the SNB Interest Rate decision which dropped from 1.5% to 1.25%
This is the safest area to get involved with often dropping or moving up very fast due to the lack of resistance of conflicting orders.
Anyway lets see : )
CHF/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 176.199 level.
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CHFJPY JUNE 2024 WEEK 4 OUTLOOK -
Daily - @mar10janicafx . @ryantopp will attest, this move on CHFJPY moves awfully like the one we saw in 2021. whenever this like to go, CHFJPY moves clean. still looks good to buy on small pulls (if any). move is supported by good volume and so I won't shy away from taking stabs at it.
Origin - as long as it stays above **178.632** it looks good to run north. any open position needs to be cut short as price comes near previous ATH. also, never take first stab at longs when price tags a fresh ATH for the first time. second tag is good to take a stab at.
CHFJPY JUNE 2024 WEEK 4 OUTLOOK -
Daily - @mar10janicafx . @ryantopp will attest, this move on CHFJPY moves awfully like the one we saw in 2021. whenever this like to go, CHFJPY moves clean. still looks good to buy on small pulls (if any). move is supported by good volume and so I won't shy away from taking stabs at it.
Origin - as long as it stays above **178.632** it looks good to run north. any open position needs to be cut short as price comes near previous ATH. also, never take first stab at longs when price tags a fresh ATH for the first time. second tag is good to take a stab at.
CHFJPY: Time to Sell?!📉CHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout.
To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level.
I anticipate that the price will soon decline to the range of 117.87 - 177.60.