Let's move according to the trend unless...This currency pair is in a downward trend, so if we want to trade according to the trend, we consider the possibility of a fall to be stronger.
But for one day, this currency has been in a neutral trend, so the resistance range marked with red coloris an important range, and if this range breaks, there is a possibility of growth up to the price of 167.028.
Our final opinion is that this currency will grow again up to the ceiling of the channel and after that we will see a fall to the support range according to the trend.
CHFJPY
CHFJPY Breaking above the 1D MA50 and confirming the buy.The CHFJPY pair hit our 169.100 bullish target, after the 1D MA50 (blue trend-line) held, as presented on our November 06 call (see chart below):
The current Bullish Megaphone that it has been trading in, has been very consistent. The recent Higher Low was made on the 0.786 Fibonacci retracement level such as the October 03. That was the first buy signal but now that the price is breaking above the 1D MA50 (needs to also close the candle above), we have the confirmation. On top of that, the 1D MACD is about to form a Bullish Cross.
The previous Higher High was priced exactly on the -0.236 Fibonacci extension so as a result we will target the new -0.236 Fib at 172.500.
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CHFJPYCHFJPY is in a correction period. The price has an opportunity to test the resistance zone. 167.636-168.234 If the price cannot break through the 168.234 level, it is expected that in the short term there is a chance that the price will go down. Consider selling.
>>GooD Luck 😊
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CHFJPY Trading Opportunity! SELL!
My dear friends,
My technical analysis for CHFJPY is below:
The market is trading on 164.10 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 163.71
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CHFJPY - Retracement continuation ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short from premium zone. I want price to continue the retracement to fill that huge imbalance higher and then to react from institutional mid figure 165.500. My target is liquidity below equal lows.
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CHFJPY H4 | Bearish reversalPrice has breakout of the sell entry at 164.201, an overlap resistance, and is moving to our take profit at 162.103, a pullback support. Our stop loss is at 165.053, a pullback resistance level.
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CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 166.650 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 166.650 support and resistance area.
Trade safe, Joe.
CHFJPY...DT (2D)CONSERVATIVE APPROACH:
SLO2 @ 168.90 ⏳
SLO1 @ 168.00 ⏳
TP1 @ 159.30
TP2 @ 154.00
TP3 @ 150.10
TP4 @ 144.05
— Remember, we have lots of News events over the next few weeks, so ANYTHING can happen.
— That being said, the above is the most conservative approach I found.
AGGRESSIVE APPROACH:
TP @ 168.00
BSO @ 164.80 ⏳
BLO @ 164.20 ⏳
— And for those who are risk takers, here's some action for you...😂
CHFJPY I Technical & fundmental forecastWelcome 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.
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SHORT CHF/JPYPretty precarious short trade on the Swiss/Yen. The years long uptrend has been exhausted for ages, but with the Yen's across the board weakness, price has steadily climbed. I entered a short on the 28th and added a lot on the 29th. Technically, I did get a signal from my indicators, but they haven't did very well against any Yen pairing as of late. We'll see how this goes.
CHFJPY - Long to imbalance ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we can see that price clear all sell side liquidity, filled the imbalance and rejected from institutional big figure 162.000. Now I expect bullish price action price to fill that huge imbalance higher.
Fundamental news: Upcoming week on Thursday we will see result of Interest Rate on CHF.
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CHFJPY: Bearish Continuation is Expected! Here is Why:
Balance of buyers and sellers on the CHFJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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CHFJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to go a little bit lower and then to reject from bullish order block + institutional big figure 168.000.
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CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 165.800 zone, CHFJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 165.800 support and resistance area.
Trade safe, Joe.
CHFJPY: Thoughts and Analysis Today's focus: CHFJPY
Pattern – Ending Diagional
Support – 167.50
Resistance – 169.40
Hi, and thanks for checking out today's update. Today, we are looking at CHFJPY on the daily chart.
Today's video asks if CHFJPY will continue to move lower after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the trend structure and what we are looking for to see a confirmation of the pattern.
The Key for us will be move-through support. If Sellers fail at support, look for a new move back through resistance, which could cause a failed pattern trend continuation.
What do you think? Could this be a reversal?
Good trading.