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.
JPY (Japanese Yen)
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.
CHFJPY - Go down for liquidity ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price rejected from bearish order block. My target is sell side liquidity.
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CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 169.492 area.
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CHFJPY - 4hrs ( Sell Trade Target Range 480 PIP ) Pair Name CHF/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
——————————
Bearish Break
170.100 Area
reasons
- Major Turn level / M
- inner Choch Break
- Fixed Range poc
- 3QH
- 2Q H
- QH + YH
- inner Fibo Godeln
- Time Reversal
Bullish Reversal
164.500 Area
Reasons
- Major Turn level
- VIsible range HVN
- Fixed Range Value
- Trend Line / w
- Fibo Target
- Pattern Target
- Channel lower Band
CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CHFJPY Short Analysis + Trade IdeaCHFJPY 4HR Analysis + Trade Idea by OfficialKieranTrewick
Looking for a 4HR fractal pivot rejection off 170.750-171.000 to provide good entries for shorts down to 169.500 - 167.000, The daily trend is very strong with chfjpy ongoing since 2021 and with multiple recent rejections off the latter side it seems it may be loading up for the surge into ATNH but with how strong of a resistance there has been at 171.500 i am not sure if this will be anytime soon, and with how strong the trend has been there is definitely room for some exhaustion down to 165-163 without affecting any long term market structure.
Currently where the inner trend meets the underside of the largescale trend within a large range zone block trapped between 50% and a strong resistance level, the key here is just patience and waiting for the right confirmations to play out.
On friday I already entered a short position with my VIP group from around 170.850 with various take profits levels down to 170.750, 170.500, 170.250, and 169.250.
CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 168.960.
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⚡️CHFJPY CMC TRADING ⚡️ DISTRIBUTION ZONECHFJPY currently finds itself in a distribution zone, characterized by a sideways market condition. Notably, there was a recent false bearish breakout below support, signaling a strong upward move. Despite this, there remains an expectation for a bearish breakout on subsequent structure, as we anticipate a corrective leg following the recent bullish trend.
⚡️Strifor || USDCHF-07/02/2024Preferred direction: SELL
Comment: In the middle of the current trading week for the USDCHF currency pair, we will also consider selling. We highlight scenario №1 as a short-term entry option and scenario №2 as a medium-term scenario. It would be best to consider two scenarios at the same time and place a stop loss no lower than the resistance level of 0.87757 . In any case, the target for the fall is located at support 0.85696 . The main triggers for entering a sale are the formed context in terms of volume analysis and, surely, accumulation in the balance format with the presence of false movements.
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CHFJPY H1 | Potential bullish bounceCHF/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 170.195
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 169.906
Why we like it:
There is a pullback support that lies underneath the 38.2% Fibonacci retracement level
Take Profit: 170.568
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CHFJPY - 4hrs ( Sell Trade Target Range 300 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 ( Short ) Mid Term
Type : Mid Term Swing
——————————
Bearish Break
169.700 Zone
Reasons
- Major Turn level / M
- Pattern BReak Out
- inner Choch
- Fibo Golden
- Year + Quarters High Area
Bullish Reversal
156.600 Area
Reasons
- Major Turn level / D
- FIxed Range Poc
- Pattern Target
- Month Low Area
- Key level Zone