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Chf-jpy

CHFJPY: Buy opportunity on Double Bottom.The pair has been trading within a 1W descending channel for most of the year (RSI = 40.168, MACD = -0.690, Highs/Lows = -0.5054) and last week rebounded on the 106.885 1D Support. This is a potential Double Bottom formation and we are taking this buy opportunity to aim at the nearest 1D gap at 108.500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
CHFJPY LongFundamental analysis: CHF: Economy is doing well. Interest rates are somewhat steady. Pegged to the gold price for 25% of their currency holdings and since gold is in an uptrend (now correcting) I feel like we should see CHF go up again after the correction in gold is done and dusted. Currency will be less affected by looming EU economy. JPY: Economy doing well. Good data coming out of Japan. Steady interest rates. Considered a safe haven currency. Technical analysis: Pair is in a channel right now looking to test the lower trend line (downward sloping). I am looking to enter long at the lower trend line if and only if the lower trend line holds as support on the lower timeframes and we can identify sellers exhaustion there. Do keep in mind this would be a countertrend move. Entry at around 106.600. TP: 108.300
Long
by FollowTheMoney-FX
CHFJPY appears oversoldSignal ID: 68502 Time Issued: Wednesday, 02 October 2019 17:00:15 GMT Status: open Entry: 107.303 - 107.557 Limit: N/A Stop Loss: 106.921 The Congestion Opportunities Strategy has just bought CHFJPY at 107.43. The system recommends entering this trade at any price between 107.303 and 107.557. The signal was issued because the 28-hour Relative Strength Index indicates that the CHFJPY may be oversold, while the Speculative Sentiment Index reading of 1.44 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.509, so the stop loss has been set at 106.921. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
Possible trend shift in CHFJPY – going short Signal ID: 68423 Time Issued: Monday, 30 September 2019 14:00:17 GMT Status: open Entry: 108.241 - 108.487 Limit: N/A Stop Loss: 108.857 The Tidal Shift Strategy has just sold CHFJPY at 108.364. The system recommends entering this trade at any price between 108.241 and 108.487. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.502, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.099, so the stop loss has been set at 108.857. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Short
by FXCM
Possible trend shift in CHFJPY – going short SELL 108.261 - 108.489 Add to Watch List Signal ID: 68374 Time Issued: Friday, 27 September 2019 06:00:15 GMT Status: open Entry: 108.261 - 108.489 Limit: N/A Stop Loss: 108.830 The Tidal Shift Strategy has just sold CHFJPY at 108.375. The system recommends entering this trade at any price between 108.261 and 108.489. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.37, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.091, so the stop loss has been set at 108.83. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Short
by FXCM
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