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CADCHF - Are We Still In An Upwards Trend?Analysis: Looking at the chart things may look bearish to the untrained eye as we've had a strong recent move to the downside, however price to us still looks bullish and this is the last line of defence so we expect that this is where most of the bulls will be wanting to push price higher from. We still think that price is in an upwards trend as we haven't broken the most recent higher low. Whilst some people may think we put in another higher low at the top of the move, we didn't as price didn't break higher so we never formed a higher low, just a higher high, meaning that our area we have marked out is where the most recent higher low is. This may be difficult to understand but this is how we see the market trend. At this area we have marked out, in the past we can see that this level has held as both support and resistance so we'd expect this to happen again, making it a great possible entry zone. To add to our idea we also have the 50% fib retracement level which has been tagged so we expect to see some sort of bullish pressure from this level as this is where some bulls will be sat at wanting to hold price and push it higher, which goes in favour of our idea. Fundamentally the CAD is the 4th strongest major currency compared to the CHF which is the 3rd weakest major currency, so this is already favouring our bullish idea. As of the most recent report for institutional positioning we did see a big decrease in long positions but we saw a 2 times bigger decrease in short positions so this is bullish for the CAD. For the CHF, in regards to institutional positioning we did see an increase in both long and short positions so this is slightly bullish for the CHF, but not as bullish as the CAD is. Tomorrow we have some big news coming out for the CAD so this could give us the catalyst that we need to see price head to the upside and for the CAD to make its bullish run. Fundamentals are what actually drive the markets, so whilst the technicals don't look that clear to the untrained eye, the fundamentals are clear. The CAD is stronger then the CHF. This is why overall we are bullish on CADCHF. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
12
AUDCHF - Has A Bullish Falling Wedge Chart Pattern Formed?Analysis: Looking at the charts we can see that price seems to not know where it wants to go. One minute it's heading to the upside and the next it's heading to the downside. This can make it quite hard to trade during these times but we see a setup occurring on this pair. Price recently has been heading to the downside however we are actually bullish on this pair and we think that a breakout to the upside will occur. Where price is currently we have marked out a strong area of previous support. When this level was touched in the past, we saw a huge strong bullish move happen, so we expect that this will happen again, as key levels tend to hold more then once and this level has be held 3 times, making it a very strong support level. To add to our idea, on the higher timeframe, we can clearly see a bullish falling wedge forming. This is a bullish chart pattern which is often followed by a breakout to the upside so this is what we expect to see happen on this pair as this is the pattern that we have. We're also at the bottom trendline of the chart pattern so we expect that there will be some bullish pressure around this area which will hold price and push it to the upside. All of these technical confluences together line up to give us a bullish bias on this pair but lets take a look at the fundamentals. Fundamentally the AUD is the 2nd weakest major currency whereas the CHF is the 3rd weakest major currency so this slightly goes against our idea, however overall we are bullish on this pair. Tomorrow we have some news coming out for the AUD which could give us the catalyst that we need to see price breakout to the upside. This isn't the best looking setup by any means and it does go against the trend slightly however it's still to our trading plan so it's still valid. It doesn't matter how the setup looks, all that matters is the result. As long as you stick to your trading plan and let your edge play out, you'll be profitable. Not every setup will look perfect and the sooner a trader learns this the sooner they will become profitable. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
28
USDCHF - Retracement Complete? Possible Bullishness?Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as support and price will continue its upwards reversal. To add to our idea at this level we also have the 61.8% fib level which is often regarded as the most important fib level as it's the one that is respected the most often, so this gives us more confluence to be long, especially from this area. Fundamentally as well the USD is the 2nd strongest major currency where as the CHF is the 5th strongest major currency so fundamentally this already favours our idea. Looking further though we've seen a decrease in long positions on the USD but we saw an even bigger decrease on short positions for the USD by institutions signalling again that there could be more bullishness for the USD to come. The CHF on the other hand had a huge decrease in long positions and an increase in short positions by institutions so this is telling us that we don't want to be going long on the CHF. Institutions have access to a lot more data then retail traders so if they are shorting a currency then there is usually a good reason behind it that the retail traders may not see. Institutions are also the "big money" in the markets so going against the "market movers" is a difficult game to win which is why we take into account institutional positioning. Overall we have a technical and a fundamental bias to be going long on USDCHF which is why we have a bullish bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
53
AUDCHF - Breakout Of The Downwards Trend!Analysis: Looking at the chart we can see that we were in a strong downwards trend however at the start of June we were able to break out of this trend and put in a higher high which shows us that the bears have lost control of the market and the bulls are taking over. We have more confluence that price broke out of this downwards trend when we see that the downwards trendline was broken. Price is now pulling back to an area where we previously saw key resistance which we now expect will hold as support as this very often happens. To give added confluence that this area will hold we have the 61.8% fib retracement level which is often classed as the strongest fib level so we expect that around this area we will see buyers sat, wanting to enter into long positions and push price higher. Taking a look at the fundamentals the AUD is the 6th strongest major currency where as the CHF is the 5th strongest major currency so there isn't really much in it here and it actually slightly goes against out thesis but when we dig a little deeper we find out why we prefer the AUD over the CHF. As of the most recent filling for institutional positions we saw a decrease in both long and short positions on the AUD which isn't positive but it also isn't negative. If we take a look at institutional positioning on the CHF we see that as of the most recent filling there was a decrease in long positions and an increase in short positions showing us that the CHF might have some bearishness on the way. From the SNB press conference that we had on Thursday things didn't look too good for the CHF which is another thing keeping us away from going long on the CHF. On this coming Wednesday we have CPI coming out for the AUD which could be the catalyst that we need to rocket price higher so this is what we will be watching out for but for now we have all of the confluences we need to be bullish on AUDCHF which is why we have a long bias on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
38
GBPCHF - A Break Finally?Analysis: Price was in this beautiful downwards trend until recently where we saw a break of that trend. Price managed to break with a strong daily candle signalling to us that there could be a possible change in the trend direction. Price has now pulled back to a key level which has held multiple times as support and as resistance so we expect that it will hold again. We have other confluences as well which line up with our idea. At the area of support we also have the 50% and the 61.8% fib retracement levels which we expect buyers will be sat at willing and wanting to push price higher which works in our favour. At this level we also have the retest of the previous downwards trendline which could hold as support, so this again goes in our favour. Taking a look at the fundamentals the GBP is the 3rd strongest major currency pair currently and with the GBP gaining more and more strength each week we can't see this changing for a while. The CHF is pretty neutral being the 4 weakest major currency pair but again with the current market conditions and the strength of the GBP this is a trade that we will be looking to enter long. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
CADCHF looking upCADCHF was in a big downtrend but major support zone around 0.67800 made price redirect up The young Uptrend channel is evolving Price has bounced today from the lower channel line at 0.68604 and is coinciding with the 50 EMA So we are most likely waiting for the price to bounce higher up to the 0.692x area. Maybe further to 0.71 To add to this analysis, last week's Thursday and Friday Day candles rejected closes below the 0.69 or 0.688 high levels contributing to the Weekly TF close as a bullish engulfing candle with a positive growth twice the size of the previous week. =========== * If you like this idea please leave a comment so we can talk about it * Remember that it´s never a straight line to the target. * BIG profits to you ALL!!! === I am happy and grateful to the Universe and myself for both teaching me how to trade and multiply my money by thousands My money grows every day. Thank you
Long
by Memo_Mountain
GBP/CHF Fundamental & Chart Analysis FUNDAMENTAL ANALYSIS ( Comparing the historical health, stability, growth and value of a country's currency to current and/or future expectations to help make higher probability trading decisions. ) GBP most recent and upcoming economic events - Unemployment Rate ( 3.8 same as previous ) - Unemployment Claims ( -20.1k higher than previous ) - Year over Year inflation rates ( Forecasted 9.5, .4% higher than previous ) - Gfk Consumer Confidence ( Forecasted -44.0, -3.0 lower than previous ) - Retail Sales ( Forecasted -0.2%, -0.3% higher than previous ) - S&P Global/CIPS Manufacturing PMI Flash ( Forecasted 51.9, .9 lower than previous ) *GBP Commentary - Overheated and reached peak, starting to cool down— entering a contraction phase of a business cycle. BoE recognizes current economic conditions and has hawkishly adjusted their interest rates in response to increasing and forecasted to be higher inflation rates. …………………………………………….……………………………………………. CHF most recent and upcoming economic events - Balance of trade ( 2.57—higher than previous but lower than forecasted. ) - Year over Year Retail Sales ( 3.4% forecast, higher than previous but lower than previously forecasted ) - KOF Leading Indicators ( 97.7 forecast, higher than previous but lower than previously forecasted ) *CHF Commentary - CHF economy in contraction phase. Forecasting higher than previously reported but lower than previously forecasted supports a weakening economy caused by a middle hawkish interest rate hike in June, 2022 of 50bps ( -.75% — -.25% ) …………………………………………….……………………………………………. CHART/TECHNICAL ANALYSIS ( Comparing the historical price (re)action before, during and after economic event announcements, chart and candlestick pattern formations, including support and resistant levels for trends and overlays. ) Long term downtrend where price formed a descending triangle pattern over the course of almost a year. Price recently fell below long and short term moving averages and descending triangle support levels. If price falls the length of gap for descending triangle pattern it could land near 1.14000. Entry 1.69000. Stop Loss 1.8900 ( 1.45/1.00 )
Short
by charrison4300
CHFJPY Correction Incoming!CHFJPY has met it's long term upper trendline, is showing oversold on the Daily RSI, 4H and 12H, and even the weekly RSI is at 69.98. We also see strong bearish RSI divergence on the Daily. JPY has been the biggest loser of the major currency pairs in the past month and in fact the past year, but for shorter term outlooks JPY looks due for a correction against a number of other currencies and my targets of choice are CHF and possibly USD. This is NOT financial advice. You are responsible for your own trading decisions. ** Like and follow for more content like this! ** Let me know what you think in the comments below!
Short
by HayeTrading
1
+700 Pips Since We Identified GBPCHF Strength In February 2021 !Still in Buying the Dip mode for us looking for weak hands to give us their trades at a discount. CHF has remained weak for many weeks now, inevitably the tide will turn at one point and we may miss the turn and even still hold our long bias when it does. By trend following when our CURRENCY HEAT MAP tells us to we avoid picking the tops and bottoms of any trend, and just go with the flow until the flow stops. One of our keys to our success is being able to hold onto long term positions taking some profit at logical areas and re-entering the same trades back during a retracement. By doing this we avoid having to know which high is the HIGH that will turn price and like wise with the LOWS Please Take A Moment To Like & Leave A Comment If You Enjoy Our Work. Also MAKE SURE YOU SUBSCRIBE So That You Will Be Notified When We Share Our Latest Analysis & Forecast
Long
by seekingpips
GBPCHF Breaks Higher▪Our Daily Heat Map Kept Us BUYING ONLY...By focusing on the very strongest vs weakest of the MAJOR CURRENCIES, we are able to hold onto our WINNING TRADES for much LONGER without the fear of giving back open profits to the markets. 2021 So far, has been VERY GOOD to us keeping us on ONE SIDE of the market and only buying the BRITISH POUND GBP against the weakest of the other Majors. Less usually means more in trading however silly it may sound. Many aspiring traders take years to realise this fact.
Long
by seekingpips