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Swissfranc

CHFJPY: Consolidation & Complete Indecision 🇨🇭🇯🇵 CHFJPY is consolidating for three trading weeks. The market is stuck within a narrow consolidation trading range. 122.14 - 122.45 is its support. 123.5 - 123.8 is its resistance. To catch a bearish continuation, wait for a bearish breakout of the underlined support. Then short on a retest. Your next goal will be 121.25 level To catch a bullish move, let the price break the underlined blue resistance. Then consider a retest entry with 124.45 next goal. What do you expect? ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
21
Today’s Notable Sentiment ShiftsSafe Havens – CHF and JPY weakened across the board on Monday, as concerns surrounding the Omicron variant of the coronavirus eased after reports stated that the initial observations of patients suggested that symptoms were predominantly mild. Bannockburn Global Forex noted that “the absence of negative developments surrounding Omicron over the weekend appears to be helping markets stabilize today after the dramatic moves at the end of last week.”
by thunderpips
1
AUDCHF: Key Level & Your Trading Plan 🇦🇺🇨🇭 Hey traders, Like many swiss pairs, AUDCHF is on a key level at the moment. Depending on the reaction of the price to that structure we will either see a pullback or a strong bearish wave. Your confirmation to buy will be a bullish breakout of a falling wedge pattern on 4h. You need at least a 4H candle close above to validate the breakout. Then a pullback to 0.6595 will be expected. In case of a bearish breakout of a blue zone on a daily, a bearish continuation will be expected. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
7
Today’s Notable Sentiment ShiftsCHF – The Swiss National Bank is no longer standing in the way of the franc’s appreciation, according to data published on Monday, in an eye-catching change in view of the safe-haven currency’s rise to its highest against the euro in more than six years. The former manager of the SNB’s foreign currency reserves, Thomas Stucki, argues that “if the franc stays at this level of around 1.05, a little bit above, a little bit below, the SNB won’t do a lot… They will prevent the movement below 1.04 to 1.03. Then they will step up interventions.” GBP – Sterling fell back to an 11-month low on Monday as investors weighed the discovery of the Omicron coronavirus variant on the outlook for the British economy. Commenting on the latest variant of the virus of the virus, Nomura notes that “In terms of the outlook, for the UK it’s possibly a bigger risk as the market’s long-held assumption that UK is unlikely to witness another lockdown.”
by thunderpips
3