USD/CHF for weekend ending 1/29/2023The Swiss franc recently dropped to 0.92 per USD, retreating from its 1-year high of 0.916 on January 16th. As I assess the situation, I consider the outlook of monetary tightening by both the Swiss National Bank and the Federal Reserve .
The recent slowdown in Swiss inflation has limited the expectations for further rate hikes by the SNB. According to December's inflation data, the rate fell to 2.8%, below the SNB's target of 3% and market expectations of 2.9%. Despite this, the Chairman of the SNB, Jordan, has stated that further rate hikes shouldn't be ruled out, as second-round inflationary pressures still linger in the country's economy. Last year, the SNB raised its key rate by 175bps, taking borrowing costs out of negative territory for the first time since 2011.
According to our neural network based forecasting model, the Swiss Franc is estimated to reach 0.93 by the end of this quarter. The same model and market analysts predict that the Swiss Franc will reach 0.98 in 12 months.
Chfjpy!
CHFJPY - AMD Pattern Confirmation ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Here we have AMD Pattern Confirmation and also price formed normal divergence + rejected from institutional big figure 142.000. I expect price to distribute even lower.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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The week of 23 Jan CHFJPY – Opportunity to grab +1300 pips … butBut do you have the discipline and patience??
This pair has been rising since June 2021 but things may be changing now. As my daily chart shows, price has crossed below the 200 SMA and has just retested it from below. Also important is the fact that it has been rejected with a nice pin bar on a daily basis. It is not the nicest looking downtrend but the sequence of lower highs and lower lows is very much present. We have enough evidence that the market is not accepting high prices.
As I said above, there is the potential of more than a thousand pips here. But holding on for a long period is not easy, it requires:
- a wide stop loss say +300 pips (to be above 143.10)
- total belief in this trade for a few months.
- the ability to see the market go against you multiple times.
- patience to hold the trade for an extended period of time.
- overcome the urge to move the stop to break even too early.
If you can do all that, this may be a great opportunity to obtain massive profits. This may be an early stage of a downtrend and if it continues and strengthens, it could last a long time. Otherwise, hold that bearish bias for several months and look to take multiple smaller trades as this pair makes its way to the downside.
Nothing is 100% in trading, but I have a high degree of confidence in this trade.
As always, use sound money and risk management and stay patient in all your trades.
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AUDCHF I Short from top of channelWelcome back! Let me know your thoughts in the comments!
**AUDCHF Analysis - Listen to video!
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EURCHF I Short from supply zone Welcome back! Let me know your thoughts in the comments!
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USDJPY I Short from resistance zone Welcome back! Let me know your thoughts in the comments!
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✅TS ❕ CHFJPY: downward channel✅✅ CHF JPY stayed in the descending channel.
The price bounced down from the resistance level.
I expect the fall to continue. ✅
🚀 SELL scenario: short to 139.8. 🚀
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Opportunities in the CHF/JPY 24/01/2023Upon analysing the market, we have identified an opportunity in the CHF/JPY currency pair. A thorough examination of the 4-hour chart reveals that this pair has been adhering to a downtrend, utilizing it to drive momentum to the downside. Following a decline of over 650 pips, the price appears to have undergone a corrective move to the upside, which can also be referred to as an ABC pattern. This move has created a slope support, which has now been breached. Additionally, we can observe the MacD weakening and transitioning downwards. We believe that taking profit at around 138.85 then 135.75 would be a wise decision..
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Going short on CHFJPY! Happy Sunday!!
This week we are starting off with a sell on CHFJPY! As you can see from the chart we are seeing rejection at the 140.970 area. We have placed a sell in hopes of seeing price hit the previous support area 137.745 area! Only downside would be if price were to continue to the up side! But only time will tell!
Let me know your thoughts!
Thank you!
GBPCHF I It will head upward Welcome back! Let me know your thoughts in the comments!
**GBPCHF 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.
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CHFJPY POSSIBLE HOURLY TREND BREAKOUTCHFJPY is following an hourly timeframe where we may see a trend breakout to revisit the low 137.5. The confirmation is needed prior to the entry and if the price starts to rally above the key level at 141.8 the following setup may get invalidated.
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CHFJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on CHFJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to continue the retracement and then to reject from bearish orderblock + institutional big figure 143.000.
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