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Chfjpylong

Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 119.604. The system recommends entering this trade at any price between 119.472 and 119.736. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -6.056, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.105, so the stop loss has been set at 119.078. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 75981 Time Issued: Tuesday, 04 May 2021 12:00:16 GMT Status: open Entry: 119.472 - 119.736 Limit: N/A Stop Loss: 119.078 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 interests 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 here. Past Performance is not an indicator of future results.
Long
by FXCM
4
CHFJPY - Bullish BiasCHF - BULLISH 1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots. JPY - BEARISH 1️⃣ Positive risk tone weighing on the JPY. ===== Technical ===== - We are buying the CHFJPY at support + above SMA 50 on the M15. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== - Risk-off tone could support the JPY.
Long
by MonsunAsia
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 117.904. The system recommends entering this trade at any price between 117.775 and 118.033. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -3.446, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.103, so the stop loss has been set at 118.419. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 75750 Time Issued: Thursday, 15 April 2021 10:00:15 GMT Status: open Entry: 117.775 - 118.033 Limit: N/A Stop Loss: 118.419 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 interests 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 here. Past Performance is not an indicator of future results.
Short
by FXCM
CHFJPY facing bullish pressure | 14 Apr 2021Prices are facing bullish pressure from horizontal swing low support, intersecting the ascending trendline support. Prices might push up from our buy entry to 1st resistance in line with horizontal swing high resistance in line with 100% Fibonacci extension and 127.2% Fibonacci retracement . If prices fall through buy entry, prices might take support from horizontal swing low support in line with 50% Fibonacci extension and 61.8% Fibonacci retracement . EMA is also below prices, showing a bullish pressure for prices.
Long
by FXCM
1
CHFJPY facing bullish pressure | 14 Apr 2021Prices are facing bullish pressure from horizontal swing low support, intersecting the ascending trendline support. Prices might push up from our buy entry to 1st resistance in line with horizontal swing high resistance in line with 100% Fibonacci extension and 127.2% Fibonacci retracement. If prices fall through buy entry, prices might take support from horizontal swing low support in line with 50% Fibonacci extension and 61.8% Fibonacci retracement. EMA is also below prices, showing a bullish pressure for prices.
Long
by FXCM
1
CHFJPY facing bullish pressure, potential for bounce!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which coincides with 50% Fibonacci retracement and 50% Fibonacci extension. Prices might push up towards 1st resistance which is in line with -27.2% FIbonacci retracement and 78.6% Fibonacci extension fibonacci confluence area. If prices fall through 1st support, prices might take support from 2nd support which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also below prices, giving a bullish pressure for prices.
Long
by TradeGATEHub
5
CHFJPY facing bullish pressure | 8th Apr 2021Prices are facing bullish pressure from horizontal swing low support, 61.8% FIbonacci retracement and 127.2% Fibonacci extension . Prices might push up towards 1st resistance which is in line with horizontal swing high resistance and 78.6% FIbonacci extension . If prices fall through ascending trendline, prices might take support from 2nd support which is in line with swing low support, 78.6% FIbonacci retracement and 161.8% Fibonacci extension . The Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
CHFJPY facing bullish pressure | 8th Apr 2021Prices are facing bullish pressure from horizontal swing low support, 61.8% FIbonacci retracement and 127.2% Fibonacci extension. Prices might push up towards 1st resistance which is in line with horizontal swing high resistance and 78.6% FIbonacci extension. If prices fall through ascending trendline, prices might take support from 2nd support which is in line with swing low support, 78.6% FIbonacci retracement and 161.8% Fibonacci extension. The Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
1
CHFJPY facing bullish pressure, potential for bounce!Prices are facing bullish pressure from horizontal swing low support, 61.8% FIbonacci retracement and 127.2% Fibonacci extension. Prices might push up towards 1st resistance which is in line with horizontal swing high resistance and 78.6% FIbonacci extension. If prices fall through ascending trendline, prices might take support from 2nd support which is in line with swing low support, 78.6% FIbonacci retracement and 161.8% Fibonacci extension. The Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by TradeGATEHub
3
CHFJPY - Bullish BiasCHF - BULLISH 1️⃣ The CHF benefited as the coronavirus pandemic continues to have a strong adverse effect on the economy. JPY - BEARISH 1️⃣ Tokyo confirmed Sunday 313 new Covid-19 cases amid growing signs of a rebound in infections also in other areas, after a state of emergency ended throughout Japan almost a week ago. ===== Technical ===== We are looking to buy the CHFJPY at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia