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Chf-jpy

CHF/JPY FULL ANALYSIS: Bearish wedge and Fib on the wayTECHNICALS: The CHFJPY pair faced some resistance at the upper line of a bearish wedge which also aligns with the 61.8% Fib and a horizontal resistance level. However, the 1-hour chart shows some short-term support levels which have to break first to confirm further weakness. We'll look for a break below 111.50. POSITIONING: Strong bullish flows in both CHF and JPY. Asset managers are slightly more bullish on JPY than on CHF. MARKET THEMES: Favour a weaker CHFJPY as markets shift their focus to Japan's fresh monetary stimulus. CORRELATIONS: Slight divergence with German/JP 2y yields (Note that CHF and EUR are highly correlated currencies).
Short
by MujkanovicFX
CHFJPY. The price reaches the target, there is almost no risk.Hi traders! Here is my analysis regarding this currency pair. The price of May 6 was at the support level, and since then the uptrend was supported, and as soon as it reached a key level, it began to grow even stronger. The price will reach the resistance level to the level of 112.500. The profit is not great, but the risk is minimal. Good luck to you! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Long
by UnknownUnicorn6402893
2
CHFJPY Mid-Term Bullish ViewTF: 8 HR CHFJPY looks like it may have a nice up trend in the coming weeks. Some reasoning behind my view: 1. Price is currently forming and trading within a in a bullish descending wedge/megaphone pattern on the 8 HR time frame. 2. Along with this descending pattern, a inverted H and S pattern seems to be forming with it currently forming the right shoulder to potentially complete the pattern. 3. Bullish divergence can be seen on both the stochastic and RSI I am planning to start opening small positions and build into a larger one once the price breaks the descending pattern and confirms. I am looking to build into this over the next few weeks.
Long
by MC_Mike_Trading
Don't miss the great buy opportunity in CHFJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (109.7). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CHFJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 111.00 TP2= @ 111.50 TP3= @ 112.40 SL= Break below S2
Long
by ForecastCity
24
Don't miss the great buy opportunity in CHFJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (109.7). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CHFJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 111.00 TP2= @ 111.50 TP3= @ 112.40 SL= Break below S2
Long
by ForecastCity
26