My dear followers, This is my opinion on the CHFJPY next move: The asset is approaching an important pivot point 172.41 Bias - Bearish Safe Stop Loss - 173.02 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 171.51 About Used Indicators: For more...
Here is our detailed technical review for CHFJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 172.156. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 170.706 level. ...
CHFJPY - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell CHFJPY Entry - 172.17 Stop - 173.10 Take - 170.70 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Breakdown of its corrective downtrend and break the previous peak, the target of the previous peak and close to the pivot
✅CHF_JPY broke the key Horizontal level of 171.900 Which is now a support so We are bullish biased and We will be expecting a Further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
CHFJPY is creating symmetrical triangle and is moving in a descending channel near the upper boundary. The volatility of the price movement decreased when approaching the channel boundary. Price is approaching the previous high, where the market dropped. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great...
Hello,Traders! CHF-JPY is going down Now as the pair is making A bearish pullback from the Horizontal resistance of 171.940 And I believe we will see The price go further down To retest the horizontal Support below at 170.900 Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Please, check our technical outlook for CHFJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 171.662. 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 CHFJPY pair is trading on a Falling Wedge pattern, which every time it formed within the long-term Channel Up, it was followed by a sharp decline. The last one hit the 1D MA200 (orange trend-line), which has so far held twice, rendering it the new Support level. Notice that all those tops, had a similar 1D MACD structure. As a result, we turn bearish on the...
Preferred direction: SELL Comment: The shorter-term trade on the franc remains in effect. Here, selling outflowing levels is expected (scenario №1), as well as from the level of 0.91424 (scenario №2) . It should be noted that the franc is not the most attractive currency to buy against the US dollar, however, selling priority on the currency pair is more...
Hello,Friends! CHF-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 169.201 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CHF/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
NZDJPY is at the final stages of the ending diagonal. The move we're about to see will be a MONSTER move. We are looking at a potential 1500pip move to the downside... atleast! We are currently in an ending diagonal, made up of 5 waves consisting of 3 subwaves each. We are in 5th wave now, subwave C and looking for a reversal very soon. Trade Idea: - Watch for...
Hello,Friends! We are now examining the CHF/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 171.852 level. ✅LIKE AND COMMENT MY IDEAS✅
According to the technical structure, we expect a drop
hi traders ...... I think CHFJPY can resume the bullish trend on 4H time frame
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CHFJPY pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
The pair is slowing down. The RSI is showing a clear divergence. Price has tapped and reacted to the supply areas (tradable on LTF). Once the pair breaks the trendline as well as the support I am ready to short.
Looking to sell on CHFJPY. Price has reached significant levels and showing signs of a reversal, this could be a great trade and multiple entries with confirmation.