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JPY (Japanese Yen)

CHFJPY expected to bottom soon. Unique long-term buy opportunityThe CHFJPY pair has been trading within a long-term Channel Up pattern for more than 2 years (since the September 22 2022 High). More recently on September 16 2024, the price bottomed on its Higher Lows trend-line and the subsequent rebound to the 0.786 Fibonacci retracement level, initiated a new pull-back that broke yesterday below its 1D MA200 (orange trend-line). This is identical to the Channel's previous bottom formation in January 2023. The rebound that followed also got rejected near the 0.786 Fib and retraced all the way to the 0.236. Then it started a relentless Bullish Leg all the way to the 2.0 Fib extension. Even the 1W RSI sequences between the two fractals are identical and we are at the point where the RSI is about to break below its MA and give the buy signal. As a result, we turn bullish on the CHFJPY pair, targeting 188.000 (near the top of the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
CHFJPY Technical Analysis! SELL! My dear friends, CHFJPY looks like it will make a good move, and here are the details: The market is trading on 176.03 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 - 175.18 Recommended Stop Loss - 176.55 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 ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
CHFJPY / SHORTHello Traders, Here is my analysis for this pair. Please feel free to leave any questions or comments below. I'm happy to engage with you! The entry will only be considered once all your trading rules are satisfied. I recommend adding this pair to your watchlist and monitoring it closely. If the conditions of your strategy align, then it could present a potential opportunity. Pro Tip: One of the best ways to improve your trading is to learn from others. Whether it's predictions, market analysis, or trade set-ups based on clear market conditions, studying well-thought-out ideas from fellow traders can greatly enhance your skills and decision-making process. Good luck and happy trading!
Short
by PerryD_FX
USDCHF HEAD AND SHOULDERSThe USD/CHF currency pair has recently exhibited a downward trend, driven by several key factors. Macroeconomic uncertainties, including global economic slowdown and geopolitical tensions, have increased demand for safe-haven assets like the Swiss franc, putting downward pressure on the pair. Divergent monetary policies, with the Federal Reserve maintaining a hawkish stance while the Swiss National Bank adopts a more neutral approach, further contribute to the pair's decline. Technical indicators also suggest bearish momentum, with breaches of significant support levels and potential moves below key moving averages. Traders should closely monitor economic data and central bank communications to inform their strategies. + head and shoulders = going down
Short
by edl75
CHFJPY Expected Growth! BUY! My dear subscribers, CHFJPY looks like it will make a good move, and here are the details: The market is trading on 174.74 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 175.57 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1