Chfjpy!
Why we may soon see some JPY strengthThe JPY is undervalued...
Unlike other global economies, Japan is not facing an inflation crisis or below 50 PMI figures. The Yen has also been victim to some large bearish moves over the last few years, which are due a retrace move. In my opinion, it is starting to look like a good buy from both a fundamental and technical point of view.
As a safe haven currency, it could also see some strength with the nearing Western recession, if the recession ever comes!
All is not roses, though. GDP growth is low and unemployment is too low... There is also the issue with the BOJ's currently monetary policy.
The challenge is, which pair do you short? The JPY against the EUR or GBP is a strong fundamental trade, but the swap rates will eat away at profits on any long-term trade. The CHFJPY has a move attractive swap, though still negative, but you then lose the safe haven bias of trading both the CHF and JPY. Speaking of CHFJPY, price has just broken a possible turnaround area on the 1 hour chart, which could be a signal of some coming JPY strength and ***JPY downside.
For longer-term trades, perhaps a Yen ETF or currency index trade is best... AMEX:YCL AMEX:FXY
OANDA:CHFJPY
CHF/JPY Swing Trading Analysis 📋On CHF/JPY is nice to see strong buying reaction from the price 145.6 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Volume cluster are my mainly reason for this long trade....
Happy trading
Dale
CHFJPY - Short IdeaOver the last 12 months, its price rose by 15.42 percent. CHF/JPY is heading towards the resistance line at 156.14. Looking ahead, we forecast Swiss Franc Japanese Yen to be priced at 158.46 in one year, according to Trading Economics global macro models projections and analysts expectations.
USDJPY I Positive US debt ceiling talks and weekly outlookWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
CHFJPY I Potential return to the previous structureWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
CHFJPY LONG TRADE SETUP H1In CHFJPY, we have a price that is descending towards the 153 area, where we have a demand zone and where the price could create a bullish setup, potentially returning to the 154 zone. This is because we have observed a significant amount of buying and selling orders both in the highlighted supply zone and in the mentioned demand zone.
Let me know what you think.
Happy trading, everyone.
CHFJPY - NEW BREAKOUT📈Hello Traders👋🏻
CHFJPY Price Broke The Resistance Level (153.450-153.960)✔
Currently, The Resistance Level Becomes New Support Level📈
So, I Expect a Bullish Move📈
i'm waiting for a retest....
-----------
TARGET: 155.888🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
CHF-JPY Bullish Breakout! Buy!
Hello,Traders!
CHF-JPY is trading in an
Uptrend the pair broke a
Key resistance level of 153.395
Which is now a support and
Went further up so as
The breakout is confirmed
I think that we will see
Some bullish continuation
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
CHFJPY H4 | Bullish bounce off support?CHFJPY could fall towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 152.828 and bounce up from here. Our stop loss will be at 151.901 which is an overlap support that aligns close to the 50.0% Fibonacci retracement. The take profit level will be at 153.771 which is an overlap resistance that aligns with the recent swing-high.
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 interest 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 on the website.
CHJPY H4 | Bounce from 23.6% Fibo?CHFJPY could fall towards a key support level and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 152.864
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement
Stop Loss: 152.079
Why we like it:
There is an overlap support close to the 38.2% Fibonacci retracement
Take Profit: 153.957
Why we like it:
There is an overlap resistance at the recent swing-high
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Sell CHFJPY from potential double top in the resistance level?In the daily chart, we can see that CHF/JPY's rally has halted at the resistance level with the
formation of a potential double top. So, based on the chart, a sell entry between 153.55-153.90
with SL above 154.50 and TP at 150 would be a good sell trade with great risk: reward.
CHFJPY I Counter short idea Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
CHF/JPY Volume Profile 📊 and Price action analysis 📋On CHF/JPY is nice to see strong buying reaction from the price 152.220, there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Weekly VPOC + Uptrend + Volume cluster are my mainly reason for this long trade....
Happy trading
Dale
CHFJPY TRADE IDEA 4H CHART CHFJPY TRADE IDEA THURSDAY 18 MAY 2023
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Trade safe and use always proper risk management.
Thanks in advance for checking my trade idea.