CHFJPY Will Go Down! Short!
Take a look at our analysis for CHFJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 169.883.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 168.565 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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JPY (Japanese Yen)
CHFJPY - Lower Range BreakoutNoticed a very standard breakout play. CHFJPY has been ranging since the beginning of 2024 and is teasing a breakout to the downside.
The main risk, however, is that this breakout may be short-lived. Keep in mind that CHFJPY is still in a dominant uptrend since I'd reserve this for a quick counter-trend trade if momentum persists.
CHFJPY My Opinion! BUY!
My dear friends,
Please, find my technical outlook for CHFJPY below:
The instrument tests an important psychological level 169.93
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 170.36
Recommended Stop Loss - 169.69
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
CHFJPY Trading Opportunity! SELL!
My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 171.22 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 170.72
Recommended Stop Loss - 171.51
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the CHF/JPY with the target of 170.508 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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CHFJPY - 4hrs ( Buy Trade Target Range 200 PIP ) 💵Pair Name CHF/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
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Bullish Break
171.300 Area
Reasons
- Major Turn level / D
- Pattern Area
- choch Zone
- Month High Area
- DEV Break
- W + D H Break
Bearish Reversal
173.500 Area
Reasons
- Major Turn level
- Pattern Target
- Quarter's High
- Fibo Golden Zone
CHFJPY 4HR Analysis My name is Kieran Trewick and I am a full-time trader with 6 years of experience in the industry. With my coaching service, you will have the opportunity to work directly with me to learn the ins and outs of Forex trading and gain the knowledge and skills you need to become a successful trader. One of the unique aspects of my coaching service is that it goes on indefinitely. This means that even after you become confident in your own trading abilities, you will still be able to communicate with me and receive ongoing support and guidance.
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CHFJPY Looking For An ExitFrom around the beginning of January, EASYMARKETS:CHFJPY continues to move sideways, while trading roughly between 169.30 and 171.50 levels. While the pair remains inside that range, the rate could continue moving sideways. That said, given that the prevailing trend is to the upside, there is a greater chance the breakout could occur through the upper side of that range.
If EASYMARKETS:CHFJPY makes a move through the upper side of the range, this will confirm a forthcoming higher high, potentially attracting more buyers into the action. Given that the pair would enter uncharted territory, there are no historic resistance barriers available, hence why we will target hurdles such as 173.00 and 175.00.
Alternatively, a drop below the lower side of the aforementioned range, at 169.30, could spook the remaining bulls from the field for a while. That's when EASYMARKETS:CHFJPY could travel to the 166.78 zone, marked by the current lowest point of this year. If that zone surrenders and breaks, this move will establish a new low for the year, possibly creating an opportunity to send the rate to the 165.65 level. That level marks the low of December 21st.
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CHFJPY OUTLOOK - LONG BIASCHFJPY FEB WEEK 5 OUTLOOK -
Daily - although CHFJPY has chopped around the entire month, it still looks bullish on daily as long as price holds above 170.553
Origin - Price has already tagged start of month AVWAP here and it is looking bullish atm. I would look to buy is price holds above 170.825, but higher confidence trades will be those that will come after we have tagged POC below which sit around 170.321 - 170.103 zone. if price gets absorbed here in this zone and then moves up to settle above 170.825 I will look to hold bigger piece on my long entries.
CHFJPY Breakout and Potential RetraceHey Traders, in tomorrow's trading session we are monitoring CHFJPY for a selling opportunity around 171.200 zone, CHFJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 171.200 support and resistance zone.
Trade safe, Joe.
CHFJPY H4 | Potential bearish reversalCHFJPY could continue to rise to the swing-high resistance, from there it could react off and fall to the take profit level.
Sell entry is at 171.323 which is a swing-high resistance.
Stop loss is at 171.658 which is another swing-high resistance level.
Take profit is at 169.964 which is swing-low support level.
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CHFJPY: Bearish Continuation & Short Signal
CHFJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell CHFJPY
Entry Level - 171.15
Sl - 171.51
Tp - 170.29
Our Risk - 1%
Start protection of your profits from lower levels
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JPY Pairs at Key Resistance Overview
Most Yen pairs are at or nearing key resistance on daily, weekly, and monthly time-frames.
The Details
The Yen continues to weaken against global currencies due to negative interest rates set by the Bank of Japan (BOJ) and higher interest rates from the RBA, RBNZ, ECB, BOE, SNB, FED, etc.
The BOJ are edging closer to changing rates to zero or positive. This could strengthen the Yen, or at least stabilise the JPY selling.
The BOJ may intervene in the FX rate if JPY continues to weaken further, meaning possible JPY bullish volatility.
The Technicals
AUDJPY at weekly horizontal channel resistance
CHFJPY at monthly bullish channel resistance
GBPJPY nearing monthly horizontal resistance
NZDJPY at monthly horizontal resistance
SGDJPY at daily horizontal resistance and nearing previous daily trend support as resistance
USDJPY around weekly horizontal resistance
CHF/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
CHF/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 170.148.
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CHFJPY: Fundamental Insights on Swiss InflationHey Traders, in today's trading session, we are monitoring CHFJPY for a selling opportunity around the 170.500 zone. CHFJPY is currently in a downtrend and appears to be in a correction phase as it approaches the critical 170.500 support and resistance area. Now, let's delve into the fundamental analysis shaping this trade.
One fundamental factor influencing CHFJPY is the easing inflationary pressure in Switzerland. Recent data indicates a slowdown in inflationary trends in Switzerland, which may weaken the Swiss franc against other currencies. This easing inflation could contribute to downward pressure on CHFJPY as traders anticipate a softer Swiss franc in the forex market.