CHFJPY short movePrice is rising towards our resistance level, any bearish reaction cloud lead fall in price.
JPYCHF trade ideas
CHFJPY is BearishPrice was in a strong uptrend, however it seems that bulls are exhausted and need a breather. Bears on the contrary smelled weakness and are trying to seize control of the price action, they have managed to break the previous higher low, and if the bearish pressure sustains we can expect further slide in price. Targets are mentioned on the chart.
CHFJPY FORECASTThis pair is looking promising due to price nature and structures. When we look from the higher time frame everything is looking good, however that is not only thing that will make us to enter this position. We better wait for the confirmation so that we reduce risk of the trade and the good thing is, the market always communicate before going.
CHFJPY to Drop to 3 Possible TargetsAccording to this innovative unpublished indicator with use only with 4H chart, trend will continue down. According to my Fibonacci Study with retracement to extensions, the retracement to 76.4% will extend price to 3 targets,
TP1
172.335
TP2
171.844
TP3
171.006
CHFJPY: Technically topped. Short opportunity.CHFJPY is on bullish 1D technicals (RSI = 59.579, MACD = 1.000, ADX = 53.750) but for the past 2 days have deen declining. This suggests that the top is has been priced and a technical pullback is to follow. The 1D MACD is on the verge of a Bearish Cross. All previous uptrend corrections hit or came close ot the 0.618 Fib. Consequently, we turn bearish on the short term (TP = 170.000).
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CHFJPY Is Very Bullish! Buy!
Please, check our technical outlook for CHFJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 172.971.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 173.863 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.
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CHF-JPY Growth Ahead! Buy!
Hello,Traders!
CHF-JPY is going down
To retest the horizontal
Support of 172.520
While trading in an uptrend
So we are bullish biased
And we will be expecting
A further move up
Buy!
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CHFJPY Up Channel Buy at SupportI placed two buy limit orders at the support of the up channel.
Am going for 2 positions. 1st for 1R BE. 2nd for 2.08R Max.
CHF/JPY LONG FROM SUPPORT
Hello, Friends!
It makes sense for us to go long on CHF/JPY right now from the support line below with the target of 173.514 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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CHFJPY - Bearish TrendCHFJPY is making Ascending Triangle Pattern, will it breakout to reach target?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, SNB rate cut as from 1.25% to 1% recently may result in weak CHF.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
Update idea
#CHFJPY bearish high potential moveA clear 5-wave bullish move has formed, with the fifth wave taking the shape of an ending diagonal, or what could also be termed a rising wedge pattern. Regardless of terminology, this is a bearish pattern with a high potential for reward.
Further confirmations include a bearish divergence between price and the MACD oscillator during the formation of wave five, as well as price reaching one of the key Fibonacci targets for the completion of the fifth wave.
To enter the trade, ensure you wait for a proper bearish breakout of a rising wedge pattern.
70 pips or even more to the downsideLooks like CHFJPY has completed the uptrend and is now reversing. My first potential take profit target is around 70 pips to the downside, don't exclude it going lower and giving us almost 180 pips.
CHFJPY: Market of Buyers
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy CHFJPY.
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CHFJPY short move Price had tested our support level and bounce back, Am looking out for a break on our support level and any drop below these support level cloud signal a bearish continuation.
#CHFJPY 1HThe CHFJPY (1-Hour) chart is forming a Rising Wedge* pattern, which is typically a bearish signal. This pattern occurs when the price is moving higher, but the range between the highs and lows is narrowing, indicating a potential loss of bullish momentum.
Key Observations:
- The price has been trending upward but is now constrained within a converging wedge pattern, with higher highs and higher lows forming a rising wedge.
- This pattern often leads to a bearish reversal as buyers lose strength and sellers take control, especially when the price breaks below the lower trendline of the wedge.
- Volume may also be decreasing, which is a common characteristic of a rising wedge and could confirm the weakening uptrend.
Forecast:
A sell is anticipated once the price breaks below the lower boundary of the wedge. This would signal the beginning of a bearish move, with the potential for a strong downward correction or reversal.
Key Levels:
- Resistance: The upper boundary of the wedge where the price has been repeatedly rejected.
- Support: The lower boundary of the wedge, which if broken, would confirm the sell setup.
Risk Management: Place stop losses above the recent highs to protect against false breakouts or a continued move higher. Profit targets can be set near previous support levels or significant pivot points, as the pair could experience a sharp decline after the wedge breakout.
CHFJPY goin up10:19:24 AM (AI news analysis)
Flexity Analysis for CHFJPY
Forecast Overall(Short-Term, Long-Term): ST=Strong Up LT=Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Up LT=Up
ST=Up LT=Up
ST=Up LT=Up
FlexityIndicator Analysis Method(0)
Market Analysis Conclusions
Short-term Forecast (Next 24 hours)
Expected Price Movement Go Up
Forecasted Price ¥171.90
Current Rate ¥171.75
Sentiment Bullish
Long-term Forecast (Next 7 days and beyond)
Expected Price Movement Go Up
Forecasted Price (7 days) ¥174.86
Technical Indicators
Retesting of a broken key level
Position of the Simple Moving Averages
Sentiment Bullish
Overall Analysis
The analysis suggests that the CHF/JPY pair is likely to experience an upward movement in both the short-term and long-term, driven by a bullish sentiment and supported by technical indicators.
Result: ST=Up LT=Up
FlexityIndicator Analysis Method(1)
CHF/JPY Exchange Rate Analysis
Short-term Analysis (next 24 hours to 1 week)
Forecast Predicted Movement Technical Analysis SMA Indicator
0.07% increase in 24 hours, potential increase to ¥175.02 in 1 week UP 24 technical analysis indicators signaling bullish signals Current rate above 50-day SMA, indicating potential short-term upward movement
Long-term Analysis (beyond 1 week)
Forecast Predicted Movement SMA Indicator Overall Sentiment
1.6% increase for October 2024, average rate of ¥184 UP (with caution) Current rate below 200-day SMA, indicating potential long-term downward pressure Overall bullish sentiment in the market, supporting long-term upward trend
Conclusion
Please note that these analyses are based on the provided data and may not reflect real-time market conditions. It's always recommended to check current market news and analysis for the most up-to-date information.
Let me know if you'd like me to make any changes
Result: ST=Up LT=Up
FlexityIndicator Analysis Method(2)
Market Analysis Conclusions
Short-term (next 24 hours to 7 days)
Price Movement Expected to go up
Technical Analysis Bullish continuation from current support level of 172.734
Forecast
¥ 171.90 in the next 24 hours
¥ 175.02 in the next 7 days
Long-term (beyond 7 days)
Price Movement Expected to go up
Overall Sentiment Bullish, with 24 technical analysis indicators signaling bullish signals in the last 30 days
200-day SMA Forecast Expected to rise to ¥ 172.91 by November 3, 2024
50-day SMA Current rate is above the 50-day SMA, which is expected to rise, further supporting the bullish outlook
Risk Assessment
There is no indication that the price is expected to stay the same or go down in either the short-term or long-term analysis. However, if the key support level of 168.676 is breached, there is a potential downside risk.
Result: ST=Up LT=Up
CHFJPY - SHORT daily chartprice to complete the corrective wave ABC for a short opportunity to the downside. bearish cypher
CHFJPY Long - Since this did not have delta in favor of buyers, I will look for price to come back to POC and then hold it on volume. if it does, I will look to get involved.
CHFJPY Elliott Wavehello friends
In the CHFJPY currency pair, we see a complete 5-wave pattern with waves 1-5 completed.
Apparently, wave 5 is an end triangle, one of its characteristics is the formation of small waves that overlap each other.
These microwaves diverge from each other. This means that the price has increased, but the RSI indicator has decreased.
Wave 3 has a divergence with wave 5, which confirms the hypothesis.
Although nothing is certain in the financial markets, so stop loss should be placed in the right place and capital management should be followed.
My suggestion is to set a stop loss in the range of 174.22, of course, provided that the bottom trend line of wave 5 is broken.
Our hypothesis for trading in this analysis is the break of the trend line drawn at the bottom of wave 5.
If the desired bottom is broken and pullback hits it, you can enter the sell trade.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
CHF/JPY October Forecast: Bearish Divergence and Key Sell Setup
CHF/JPY October Market Structure and Trading Analysis
In the CHF/JPY pair, the October monthly structure reveals an open high-low-close pattern, which points towards a potential sell setup. As of now, we are awaiting confirmation through a TDI (Traders Dynamic Index) cross to validate entry points for sell trades.
Key Technical Highlights:
1. Bearish Divergence: A clear bearish divergence has been forming since July 19, 2024 , extending to the current market price. This divergence signals a potential shift in market sentiment, suggesting a downward move may be imminent.
2. Open High Structure on Daily Chart: The daily timeframe for October continues to display an open-high structure, reinforcing the bearish outlook for the month.
3. Overbought Market Conditions: The price is showing signs of being significantly overbought following a strong bullish breakout from October 1, 2024. This overbought condition makes the pair vulnerable to a correction, further strengthening the sell setup.
4. TDI Cross for Confirmation: A bearish cross in the TDI indicator will provide confirmation of the presence of sellers in the market. This signal is crucial before initiating sell positions.
Take Profit Levels:
- Take Profit 1: 172.000
- Take Profit 2: 170.750
- Take Profit 3: 170.000
Trading Recommendations:
Patience is key—wait for clear, valid signals such as the TDI cross to confirm entry points. As always, exercise caution and apply proper risk management when trading to protect your capital.
If you find this analysis insightful, please like, leave a comment, and follow for more updates. I will happily follow back. Good luck with your trades!
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CHFJPY bullish again... the week of 14 Oct, 2024Weekly chart – bullish
Daily chart – bullish
H4 chart – bullish (was in consolidation between 172.70 and 173.50 but broke out to the upside).
The structure of this pair has resumed the bullish nature (HL and HH) and for the most part the 20sma has been holding price above it. A pullback would be nice and provide a good location to take a long. However, if a strong move to the down side forms, that would negate my analysis.
My initial target would be in the 175.00 region with the possibility to let some part of the trade run higher.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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CHFJPY SHORTCHFJPY is making Higher Highs and Higher Lows, it Is in up trend but now it formed falling wedge pattern with RSI divergence. it will likely to change its up trend into down trend so place the sell stop order below HL
#CHFJPY 1HA rising wedge pattern has formed on the CHF/JPY 1-hour chart. This pattern typically indicates a bearish reversal, characterized by a narrowing price range with higher highs and higher lows, suggesting weakening momentum. As the price consolidates upwards within this wedge, volume often declines, hinting at an impending breakout to the downside.
Forecast: Sell
The rising wedge is a reversal pattern, and in this case, a bearish breakdown is anticipated. A sell position could be considered, with a target near the lower support levels, once the price breaks below the wedge’s support line. Traders should be cautious of false breakouts and monitor key levels for confirmation.
