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Chfjpy!

CHFJPY Sell signal on the Channel Up.CHFJPY is trading inside a Channel Up in the past 4 months and right now turned sideways after hitting the top of the pattern. This is a Higher High sell signal which has a triple level target. Trading Plan: 1. Sell on the current market price. 2. Buy at 157.500 and as long as the RSI (1d) holds the 53.50 Support. Targets: 1. 157.500 (the 0.5 Fibonacci, Rising Support and potential contact with the MA50 1d). 2. 164.000 (Higher High). Tips: 1. The RSI (1d) crossed under its MA giving an additional sell signal. Moreover the 53.50 Support, has given an accurate sell target and in turn buy entry, 3 times inside 2 months. Please like, follow and comment!!
Short
by TradingBrokersView
4
Anticipating a Significant Drop After One WeekDear Traders, I regret to inform you that the last wave of #CHFJPY still needs to be completed. Based on my analysis, I expect this completion to occur around the range of 163.9 to 164.4. To mitigate potential risks, I highly recommend taking some hedge positions for your sell positions. It is advisable to allocate at least half of your lot size for these hedge positions. Additionally, please ensure that you set your take profit level at 163.9 and place a stop loss at your entry point. I have provided a rough map indicating possible future movements. While it may not be entirely accurate, it can give you an idea of suitable points to consider initiating hedge positions and setting take profit levels. For the upcoming week, it is crucial to prioritize account safety and remain cautious. A significant downward bearish trend is anticipated to commence soon. To assess the future profit potential, I suggest monitoring # OANDA:XAUJPY and # $OANDA:XAUCHF. #XAUJPY has already reached the end of wave 5 in the bullish market, while #XAUCHF is poised to experience wave 5 in the uptrend. Consequently, these indications strongly suggest that JPY will likely gain strength in the near future. By employing hedge positions, you can safeguard your account during this period. Wishing you a safe week ahead, with the anticipation of substantial profits to come. Best regards,
Long
by USTC2021
1
CHF JPY - FUNDAMENTAL ANALYSISAdam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a 50bp increase, it made its intentions clear: it's ready to buy CHF to provide suitable monetary conditions," says Cole. Indeed, despite a somewhat disappointing rate hike, the SNB's commitment to provide appropriate monetary conditions and willingness to buy CHF indicate a robust approach to currency management. The SNB's current focus on selling foreign currency further substantiates this view. Furthermore, the Swiss central bank's leadership recognises the benefits of CHF appreciation in the current economic climate. SNB Chair Jordan noted that the strong CHF has effectively acted as a shield against imported inflation, an increasingly prevalent issue globally. "SNB Chair Jordan revealed over the weekend that from the present perspective, monetary policy might not be tight enough to anchor price stability. He also noted that CHF appreciation has shielded Switzerland from imported inflation," Cole adds. In Japan, meanwhile, the situation is a bit more nuanced. Despite the increasing verbal interventions from officials, the strategists at RBC believe there is potential in shorting JPY at current levels. "In Japan, officials are ratcheting up their verbal interventions. Despite this, and the rising risk of intervention, RBC sees potential in shorting JPY at current levels," says Cole. The pullback in USD/JPY from Friday's highs does leave some room for maneuver. This environment, coupled with the SNB's policy stance and Switzerland's inflationary shield, has led RBC to take a bullish position on the CHF/JPY pair. As the markets continue to evolve in response to inflation, interest rate adjustments, and economic policy decisions, the perspective offered by strategists like Cole is crucial.
Long
by thunderpips
4
CHF/JPY Massive Short! SELL! My dear followers , CHF/JPY looks like it will make a good move, and here are the details: The asset is approaching an important pivot point 161.035 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 159.451 My Stop Loss - 161.942 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
CHFJPY Trade Setup H4The CHFJPY closed at 160.14. Speaking of its resistance, the CHFJPY is currently trading within a channel, and the resistance level is forming around 160.140. If the market rejects from this level, there is a possibility of reaching the support level of the channel. However, if the channel breaks downwards, the next support level would be at 158.58. And if it also breaks 158.58, then there is a possibility of dropping down to 157.24. Pay attention to your levels, and as soon as a candle rejects from the resistance, you can consider selling. Disclaimer: The information provided is for educational and informational purposes only and should not be considered financial advice. Always consult with a professional before making any financial decisions.
by ShaaniReal
Japan JPY intervention risk is rising – how to trade itThe JPY-funded carry trade rolls on with real vigour and its presenting some very interest tactical and technical opportunities. As many will be aware, we’ve seen the trade-weighted JPY break to new lows, as USDJPY breaks above 143.0, with bullish breakouts playing out all over the JPY crosses. EURJPY and CHFJPY have both been well traded, with the latter breaking to levels not seen since 1979. Conditions as good as you’ll see for FX carry We know the conditions have been ripe for a one-way JPY move. Recently, we’ve all seen renewed concerns about frustratingly sticky core inflation, and this has led to the RBA, BoC, BoE and Norges Bank to hike rates by more than expected - the PBoC underwhelmed by cutting its 5-year prime rate by ‘just’ 10bp. The BoJ, in comparison, remain steadfast in its uber-dovish approach, and while many debate if we see tweaks to its YCC (Yield Curve Control) program in the July BoJ meeting, for now, there is central bank policy divergence 101 playing into the JPY move. The bond market speaks out. We can look at LATAM EM FX, where there have been some huge ‘carry’ moves in MXNJPY and COPJPY – however, it's USDJPY which is always central to the market focus. It’s the move in the US 2-year Treasury which is driving the show, where eyes fall on a potential break of the recent cycle highs of 4.79%. As US (and other global) bond yields move higher, and in favour of the USD, this incentivises yield chasers, and hence with JPY having a very low JGB yield, we have seen a universal drawdown in the JPY. If funds can capture a lasting trend in price and get paid to be in that position it is pure gold – trend followers/CTAs would be max long this move and doing very nicely. We can see USDJPY 12-month forward points fall into new lows at -804. So any Japanese corporate treasury department can lock in USDJPY in 12 months at lower levels (i.e. better levels if you’re long). The cost for Japanese pension funds to hedge their USD exposure on US Treasurys investments has increased dramatically through 2022-2023 - pension funds have hedging limits they need to adhere to, but if they can refrain from selling USD (buying JPY) to hedge they have done so. As with any good carry position, it's not just central bank policy divergence and yield differential that is important – low volatility is essential for carry to work, and we have that in spades. USDJPY 1-Month implied volatility is now 8.59% and the lowest since April 2022. In equity land, the VIX index trades below 13%, while US bond volatility (MOVE index) has pulled back to near 12-month lows. What’s more, US and DM equity markets remain well supported and all carry traders love a positively trending/low vol equity market. Is intervention coming? This one-way JPY move would not have gone unnoticed by the BoJ and MOF (Japanese Ministry of Finance). Subsequently, the prospect that we start to see headlines of Japanese authorities ‘watching FX moves” has clearly risen, as the trend and the rate of change will not sit well with them. There is also growing political pressure to act too, and if inflation continues to heat up – because of the JPY weakness – then the BoJ/MoF will face the music. Verbal intervention is now a real risk and when we hear it the BoJ/MoF are effectively putting JPY shorts on notice that FX intervention is close at hand. Alternatively, the BoJ could tweak its YCC policy, but this seems far less likely for now. We should take intervention threats as highly credible – many will recall the 515-pip initial sell-off (in USDJPY) on 22 September and 541-pip on 21 October, as Japan bought record levels of JPY. They meant business, and while we saw funds using the weakness in USDJPY to average into new longs on 23 September, it was far more effective in October and marked the highs and what proved to be a 16% decline. Insights for tactical traders: • For now, the trend is undeniably powerful and JPY shorts are all the rage – carry is king, and getting paid to make money is very compelling. • However, if we see headlines that the Japanese authorities are watching FX, then JPY traders are firmly on notice. • From here - JPY shorts may part cover, and we may well see liquidity dry up, which could exacerbate moves. • If we do see FX intervention it may come without warning and result in a 300-500 pips sell-off – how would that affect your position? • Consider position sizing and leverage as we roll higher in the JPY pairs – a rapid decline could result in slippage given the intensity of the move. • I would expect the JPN225 to get hit hard – recall, foreign buyers of Nikkei stocks/futures have done so largely unhedged – so if the JPY rallies hard, the JPN225 could be down 3-4% easily. • More aggressive traders may look for long JPY positions to capture intervention once we’re on notice. We look for price moves that indicate it's on – in September the intervention occurred at 17:55 AEST, in October at 01:37, so they like to mix it up. So, with the JPY-funded trade in full effect we watch for headlines – JPY shorts may need to tread a little carefully up here.
by Pepperstone
CHFJPY SHORT SIGNAL H1 - NEWS WILL BE STRONG On CHFJPY, we have a bearish setup with a price that has reached the 158.40 zone within a weekly supply zone. In this area, it has created a confirmed short setup supported by strong volumes. The short trade objective is around 156.90, where we have high volumes within a demand zone. The yen, which has been weak in recent weeks, could rebound due to upcoming macroeconomic data on Wednesday and Friday. Greetings from Nicola, CEO of Orex48 Trading Academy. If you'd like, please leave a like and share your opinion. We would be grateful.
Short
by Forex48_TradingAcademy
1