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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Chfjpylong
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...
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.
CHFJPY Broke out of the range! CHFJPY broke a key resistance level and could now continue higher. Now the break out is just on one daily candle so that does not mean we go bananas on the longs without waiting for a correction down :) So look for a bullish flag on 1-4H TF or a deeper correction. Good Luck!
CHF/JPY Trying For Steeper Uptrend June 21st CHFJPY closed above the ascending channel at the resistance at a price of 109.894. Heikin Ashi candles show the 21st candle closing above the channel. Today June 23rd price opened above the channel at 109.846 confirming the breakout above the ascending channel causing a steeper slope to the uptrend. MACD shows promising upside potential as buying power crossed on June 20th two days after price hit the bottom of the channel. RSI is above average strength but still well away from being overbought.
-LNP Investments