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Chf-jpy

Dow towards 25500/600 before correcting lower!The Dow Jones pushes above 24800 levels, confirming that 25500/600 could be the next resistance to be taken out! We discussed the probability for the indice to reverse sharply higher if 24100 levels hold, last week and a safe strategy could be to take profits on the shorts taken earlier, awaiting for opportunities to sell higher again. Now, we see Dow trading comfortably above 25300 levels at this point in writing and it gives more confidence in the short term bullish setup towards 25600 and probably 26300 levels. Looking into the wave structure, a corrective wave (2) could have terminated at 26300 levels or it is unfolding as 3-3-5 flat and might retest 26300 levels, before reversing sharply lower towards wave (3). A safe trading strategy could be to look for opportunities to sell higher between 25600 and 26300 levels, going forward. Overall, out medium term outlook for Dow remains bearish/sell on rallies until prices stay below 26950 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same
DJ:DJIShort
by FXTM
US Dollar Index still working on a lower top below 97.70 levels?The US Dollar Index pushed higher above our expectations to terminate potential wave ii rally as presented here on the daily chart . The index is seen to be trading around 97.44 levels at this point in time expected to carve a lower top below 97.70 going forward. Looking into the wave structure, after producing an impulse rally between 88.30 and 97.00 levels earlier, the US Dollar Index is looking to carve an (A)-(B)-(C) corrective drop. It could be unfolding as an expanded flat or a triangle and we would bring up the probabilities as the waves unfold. For now, it looks like a lower degree wave i and ii could be ready (wave ii termination at 97.51), and a wave iii lower could resume soon. Ideally, prices should stay below 97.70 levels for the above counts to remain valid. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
1
Dow Jones heading towards 25400/500 ?The Dow Jones spot closed around 24750 yesterday. If prices manage to rally past 24800 consistently, Dow could be heading towards 25400/500 levels soon. Looking at the medium term wave structure, after having unfolded into 5 waves drop between 26950 and 24100 levels earlier, it is quite possible that wave (2) is in place around the 26300 levels. Alternately, wave (2) might be unfolding as a standard flat; and the index might rally all the way through 26300 levels again before resuming wave (3) lower. For the above counts to remain valid, prices must stay above 24100 levels. Overall, the medium term outlook remains "sell on rallies" in the Dow Jones. One could be looking lower until 26950 levels are intact. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
Dow Jones reverses from last week close at 24285!The Dow Jones reversed sharply from its last week close at 24285 levels after opening higher yesterday. The spot closed at 24638 levels, having potential to push through 26000 levels as well. Please note that a rise above 24800 levels would be considered to be encouraging to bulls and open doors to take out strong resistance at 25500 levels going forward. Looking at the potential structure unfolding now, could be a flat (standard or running) or a triangle (into its wave c). Bottom line, prices should stay above 24100 levels going forward. It could be a safe trading strategy to consider taking profits on the shorts taken earlier and look for opportunities to sell higher again. Overall, the medium term bearish outlook remains for now. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
US Dollar Index tops at 97.28 ?and ii in plaThe US Dollar Index had print highs at 97.28 levels before pulling back and is now seen to be trading around 97.13 levels. Looking at the lower degree wave counts, the US Dollar seems to have waves i and ii in place at 96.00 and 97.28 levels respectively. Please note that wave ii terminated at the fibonacci 0.618 resistance level of wave i and if this holds, we could see prices dropping lower towards 95.00 and 94.00 levels, as waves iii , iv and v unfold. Also note that a larger degree expanded flat (A)-(B)-(C) seems to be unfolding and might e looking to push through at least 94.00 levels going forward. Overall, we maintain our medium term bearish outlook until prices stay below 97.70 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
2
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 113.738. The system recommends entering this trade at any price between 113.612 and 113.864. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.954, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.101, so the stop loss has been set at 113.234. 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.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. Signal ID: 60220 Time Issued: Monday, 26 November 2018 17:00:16 GMT Status: open Entry: 113.612 - 113.864 Limit: N/A Stop Loss: 113.234 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
CHFJPY approaching resistance, potential drop!CHFJPY is approaching our first resistance at 114.03 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 113.12 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
FOREX: CHFJPY - SWING - 23. NOV. 2018WELCOME TO DACAPITAL-TRADING! CHFJPY FOREX BREAKDOWN 23 NOVEMBER 2018 1 HOUR Strong bearish reaction to 113.850 after forming new Highs! 4 HOUR Bearish reaction after forming new H4 Highs (HH) indicating further buyers pressure! DAILY Pullback with a second daily bearish closure, expecting some bullish movement now! LEVELS (Please split your Position to 3 small ones for perfect entrys!) BUY CHFJPY 1ST @ 113.230 2ND @ 113.170 3RD @ 113.120 SL @ 112.760 (40 Pips) TP @ 113.700 (50 Pips) RR: 1.30 IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Long
by DACapitalTrading
6
CHFJPY is approaching resistance, potential drop!CHFJPY is approaching our first resistance at 114.03 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 113.12 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
1
Extreme trader sentiment points to possible CHFJPY uptrendThe Trend Follower Strategy has just bought CHFJPY at 113.224. The system recommends entering this trade at any price between 113.093 and 113.355. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.566. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.525, so the stop loss has been set at 112.699. 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.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5. Signal ID: 60101 Time Issued: Monday, 19 November 2018 17:00:16 GMT Status: open Entry: 113.093 - 113.355 Limit: N/A Stop Loss: 112.699 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
EURUSD seen to be pushing towards 1.1500 for now ?The EURUSD bulls seem to be in control for now and also remain poised to push higher towards 1.1500 levels at least. After having rallied almost 200 pips from last weeks' low, EURUSD is trading above 1.1400 levels for now, very close to the trend line resistance seen on the chart here. Please note, that a push through the resistance line could be encouraging for bulls to target 1.1500 and higher. Looking at the wave structure, we maintain that an ending diagonal might have unfolded as (5) th wave of the impulse drop, that began from 1.2500 levels earlier. If this count holds to be true, we should see prices stay above 1.1172 levels going forward. An aggressive trading strategy could be to remain long from last week against 1.1210 levels and potential target as 1.1500 levels at least. A drop below 1.1172 would void the diagonal structure and indicate that further down side remains in EURUSD. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
1
CHFJPY - SWING - 19. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!! FREE VIP SWING SETUP 1 HOUR Strong Bullish takeout of previous H1 Highs at 112.930 4 HOUR Bullish weekly open with instant pressure towards previous H4 Highs and resistance zone DAILY Slow bearish market overall, following this midterm pressure with good entry levels! LEVELS SELL CHFJPY @ 112.880 SL @ 113.210 (35 Pips) TP @ 112.350 (55 Pips) RR: 1.60, use normal lot size! Enjoy our limited Content and Setups, leave us a like and Comment!!
Short
by DACapitalTrading
1
EURUSD remains bullish above 1.1216 levelsEURUSD potential ending diagonal structure for the (5) wave, discussed earlier remains valid till prices stay above 1.1216 and broadly above 1.1172 levels. Please note that if prices were to drop below 1.1172 levels, the proposed ending diagonal wave structure would turn invalid and further bearishness could continue. Looking into the short term wave structure, the rally from 1.1216 levels seem to have further potential through 1.1500 levels going forward. An aggressive strategy could be to remain long against 1.1216 levels or wait until prices break through 1.1500 levels and then buy on dips. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
by FXTM
1