Chfjpyforecast
Analysis of CHFJPY 23.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 108.00
• Take Profit Level: 107.60 (40 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 108.90
• Take Profit Level: 109.20 (30 pips)
GOLD
A possible long position at the breakout of the level 1508.00
USDJPY
A possible long position at the breakout of the level 106.70
EURUSD
A possible short position in the breakdown of the level 1.1050
GBPUSD
A possible long position at the breakout of the level 1.2275
CHFJPY approaching support, potential for a bounce!
CHFJPY is expected to drop to 1st support at 107.981 where it could potentially react off and up to 1st resistance at 109.013.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FREE ANALYSIS ON CHFJPY - time for the bearsFREE ANALYSIS ON CHFJPY
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15 Min
Bearish Momentum found here. Price below all 3MA's.
1 HOUR
Price has just broke down the trendline and also tested it again. We can also see price breaking down off the MA 200 also. Expecting further down on this pair
4 HOUR
We are currently seeing a retracement of the recent bear run which started 30th June. Price broke down the 27day MA and the 100 MA's. Price did test the 200 MA and was rejected. we are now expecting price to test and break this MA 200 level for further bearish momentum.
OVERALL
Expecting more sell. see chart for TP expectations.
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See previous analysis
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CHFJPY approaching resistance, look out for potential reversal!
CHFJPY is approaching its resistance at 109.564 where it is could reverse down to its support at 109.145.
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FREE ANALYSIS ON CHFJPY - 26/06/19Welcome to @SiriusTrading, Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and dont forget to LIKE :)
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30 Min
This time Frame is supporting a bearish move. Price could test previous top before continuing down
2 HOUR
We are seeing a correction of price from the previous bearish move which started 12th April. Also Price is testing the Fib retracement level of 61.8%
4 HOUR
Bearish and its imminent. Thou Price is above WMA100, EMA150 and MA200 which could suggest a bullish move, i am still expecting a move down. wait for break in black line before joining in. 2 types of bearish divergence also found.
OVERALL
Expecting Price to drop
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Thanks for reading
See previous analysis
Please share your thoughts and views on my analysis and don't forget to like it and share with others.
POTENTIAL FOR CHFJPY TO MOVE BEARISH In my previous post i highlighted that CHFJPY had the potential to continue moving bearish. However since then , price moved higher than anticipated and is currently trading at 0.618 fib retracement level of the entire bearish move downward. I see potential for this pair to continue moving bearish as it is currently testing and trading a daily trendline with bearish divergence evident. Having said that, the Swiss Franc has also reached a critical point of resistance from where we may see price move down bearish.
I will be keeping an eye on price action and how the close of the 4hr candle.
Green line - TP
Red line - SL
Grey line - Entry
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