CHFJPY approaching support, potential for a bounce!
CHFJPY is expected to drop to 1st support at 108.184 where it could potentially react off and up to 1st resistance at 108.624.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Chfjpylong
RE-TEST BEFORE CHFJPY FALLS AGAINPrice respected the analysis i previously did ( i have attached it below) . Price is currently at a significant support and is showing potential to re-test the marked level which is also our entry before moving to our take profit target.
Risk to reward is 1:2
Hit that follow button for more value :)
Analysis of CHFJPY 28.08.2019The 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 107.50
• Take Profit Level: 107.00 (50 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 107.95
• Take Profit Level: 108.25 (30 pips)
GOLD
A possible long position at the breakout of the level 1545.00
USDJPY
A possible short position in the breakdown of the level 105.50
EURUSD
A possible short position in the breakdown of the level 1.1080
GBPUSD
A possible short position in the breakdown of the level 1.2150
SELL CHFJPY AT 109.398 We saw price break bearish and break below the plotted trend line, currently price is trading bullish and will most likely re-test the marked level as well the trend line before continuing bearish to our target.
Stop loss is marked at -140 pips so manage risk accordingly.
Hit that follow button for more analysis :)
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 107.826. The system recommends entering this trade at any price between 107.664 and 107.988. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.188, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.129, so the stop loss has been set at 107.179. 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: 67773
Time Issued: Monday, 26 August 2019 01:00:03 GMT
Status: open
Entry: 107.664 - 107.988
Limit: N/A
Stop Loss: 107.179
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.
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.
Extreme trader sentiment points to possible CHFJPY downtrendThe Trend Follower Strategy has just sold CHFJPY at 108.895. The system recommends entering this trade at any price between 108.746 and 109.044. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.534. This suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.594, so the stop loss has been set at 109.489. 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.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 67389
Time Issued: Wednesday, 07 August 2019 18:00:15 GMT
Status: open
Entry: 108.746 - 109.044
Limit: N/A
Stop Loss: 109.489
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.
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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300pips. 2 months. 1 trade. CHFJPYPrice looking likely to form a falling wedge pattern on the daily timeframe although we can expect one more push to the downside before we see any signs of a breakout. simple correction play where our potential entry could be, which is a lot clearer on the 4hr & 1hr timeframes.
#CHFJPY LONGWinning Signal:
#CHFJPY
Buy 109.450-109.550 range
TP1: 110.200-110.300
TP2: Close when you're happy.
Don't forget to move stop loss in profit.
As seen, CHFJPY touched RSI support on a daily and is making higher lows therefore Long until TP as shown on the chart + bullish engulfing candles.
Chf/Jpy Trying to create a Higher High on the 4 hour trendDetails on the chart! I believe that it will create a higher high......
Do not enter a buy based on this information alone! You need to create a reason to enter a buy! Maybe a moving average crossover, maybe a indicator with a moving average crossover...
You get the idea...