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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

CHFJPY NZD GBP already hit all time high where it was originally a few weeks ago before intervention. All jappy pairs are coreleated so they should all get there eventually Based on the correlations data from Myfxbook, here are the percentage correlations of NZD/JPY with other JPY pairs on a daily timeframe: AUD/JPY: 76.1% CAD/JPY: 89.2% CHF/JPY: 87.0% EUR/JPY: 74.8% GBP/JPY: 72.6% USD/JPY: 92.7% These correlations indicate how closely the movements of these pairs align with NZD/JPY. Higher percentages mean stronger correlations, suggesting that these pairs tend to move in similar directions.
by NZ_Shareman
CHFJPY → Trade Analysis | SELL SetupCHFJPY is creating symmetrical triangle and is moving in a descending channel near the upper boundary. The volatility of the price movement decreased when approaching the channel boundary. Price is approaching the previous high, where the market dropped. 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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
5
CHFJPY Is Very Bearish! Short! Please, check our technical outlook for CHFJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 171.662. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 168.922 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!
Short
by SignalProvider
1
CHFJPY Sell opportunity.The CHFJPY pair is trading on a Falling Wedge pattern, which every time it formed within the long-term Channel Up, it was followed by a sharp decline. The last one hit the 1D MA200 (orange trend-line), which has so far held twice, rendering it the new Support level. Notice that all those tops, had a similar 1D MACD structure. As a result, we turn bearish on the short-term on CHFJPY, targetng 169.000 (1D MA200). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
YIELD DIFFERENTIALS IN CHFJPYSince Yields are the Fundamentals Drivers of Currencies, currently looking at the yield differential between CHF and JPY. You can see that the 2-year and 10-year yield differentials are already falling heavily in favor of JPY, so you could see aggressive pricing in the pair. The risk that i see is jpy interest is lower than chf and the volatility is very low which is good for carry trades, so when volatility picks up in the broader market than this pair could really move until then we need to be careful with this and watch what Bank of Japan does with the interest rates. For me, i would be selling on the rallies up into nice technical levels and manage risk.
Short
by AllJammaster