CHFJPY trade ideas
CHFJPY: Technically topped. Short opportunity.CHFJPY is on bullish 1D technicals (RSI = 59.579, MACD = 1.000, ADX = 53.750) but for the past 2 days have deen declining. This suggests that the top is has been priced and a technical pullback is to follow. The 1D MACD is on the verge of a Bearish Cross. All previous uptrend corrections hit or came close ot the 0.618 Fib. Consequently, we turn bearish on the short term (TP = 170.000).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
CHFJPY Is Very Bullish! Buy!
Please, check our technical outlook for CHFJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 172.971.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 173.863 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
CHF/JPY LONG FROM SUPPORT
Hello, Friends!
It makes sense for us to go long on CHF/JPY right now from the support line below with the target of 173.514 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
CHFJPY - Bearish TrendCHFJPY is making Ascending Triangle Pattern, will it breakout to reach target?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, SNB rate cut as from 1.25% to 1% recently may result in weak CHF.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
Update idea
#CHFJPY bearish high potential moveA clear 5-wave bullish move has formed, with the fifth wave taking the shape of an ending diagonal, or what could also be termed a rising wedge pattern. Regardless of terminology, this is a bearish pattern with a high potential for reward.
Further confirmations include a bearish divergence between price and the MACD oscillator during the formation of wave five, as well as price reaching one of the key Fibonacci targets for the completion of the fifth wave.
To enter the trade, ensure you wait for a proper bearish breakout of a rising wedge pattern.
CHFJPY goin up10:19:24 AM (AI news analysis)
Flexity Analysis for CHFJPY
Forecast Overall(Short-Term, Long-Term): ST=Strong Up LT=Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Up LT=Up
ST=Up LT=Up
ST=Up LT=Up
FlexityIndicator Analysis Method(0)
Market Analysis Conclusions
Short-term Forecast (Next 24 hours)
Expected Price Movement Go Up
Forecasted Price ¥171.90
Current Rate ¥171.75
Sentiment Bullish
Long-term Forecast (Next 7 days and beyond)
Expected Price Movement Go Up
Forecasted Price (7 days) ¥174.86
Technical Indicators
Retesting of a broken key level
Position of the Simple Moving Averages
Sentiment Bullish
Overall Analysis
The analysis suggests that the CHF/JPY pair is likely to experience an upward movement in both the short-term and long-term, driven by a bullish sentiment and supported by technical indicators.
Result: ST=Up LT=Up
FlexityIndicator Analysis Method(1)
CHF/JPY Exchange Rate Analysis
Short-term Analysis (next 24 hours to 1 week)
Forecast Predicted Movement Technical Analysis SMA Indicator
0.07% increase in 24 hours, potential increase to ¥175.02 in 1 week UP 24 technical analysis indicators signaling bullish signals Current rate above 50-day SMA, indicating potential short-term upward movement
Long-term Analysis (beyond 1 week)
Forecast Predicted Movement SMA Indicator Overall Sentiment
1.6% increase for October 2024, average rate of ¥184 UP (with caution) Current rate below 200-day SMA, indicating potential long-term downward pressure Overall bullish sentiment in the market, supporting long-term upward trend
Conclusion
Please note that these analyses are based on the provided data and may not reflect real-time market conditions. It's always recommended to check current market news and analysis for the most up-to-date information.
Let me know if you'd like me to make any changes
Result: ST=Up LT=Up
FlexityIndicator Analysis Method(2)
Market Analysis Conclusions
Short-term (next 24 hours to 7 days)
Price Movement Expected to go up
Technical Analysis Bullish continuation from current support level of 172.734
Forecast
¥ 171.90 in the next 24 hours
¥ 175.02 in the next 7 days
Long-term (beyond 7 days)
Price Movement Expected to go up
Overall Sentiment Bullish, with 24 technical analysis indicators signaling bullish signals in the last 30 days
200-day SMA Forecast Expected to rise to ¥ 172.91 by November 3, 2024
50-day SMA Current rate is above the 50-day SMA, which is expected to rise, further supporting the bullish outlook
Risk Assessment
There is no indication that the price is expected to stay the same or go down in either the short-term or long-term analysis. However, if the key support level of 168.676 is breached, there is a potential downside risk.
Result: ST=Up LT=Up
CHFJPY Elliott Wavehello friends
In the CHFJPY currency pair, we see a complete 5-wave pattern with waves 1-5 completed.
Apparently, wave 5 is an end triangle, one of its characteristics is the formation of small waves that overlap each other.
These microwaves diverge from each other. This means that the price has increased, but the RSI indicator has decreased.
Wave 3 has a divergence with wave 5, which confirms the hypothesis.
Although nothing is certain in the financial markets, so stop loss should be placed in the right place and capital management should be followed.
My suggestion is to set a stop loss in the range of 174.22, of course, provided that the bottom trend line of wave 5 is broken.
Our hypothesis for trading in this analysis is the break of the trend line drawn at the bottom of wave 5.
If the desired bottom is broken and pullback hits it, you can enter the sell trade.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
CHF/JPY October Forecast: Bearish Divergence and Key Sell Setup
CHF/JPY October Market Structure and Trading Analysis
In the CHF/JPY pair, the October monthly structure reveals an open high-low-close pattern, which points towards a potential sell setup. As of now, we are awaiting confirmation through a TDI (Traders Dynamic Index) cross to validate entry points for sell trades.
Key Technical Highlights:
1. Bearish Divergence: A clear bearish divergence has been forming since July 19, 2024 , extending to the current market price. This divergence signals a potential shift in market sentiment, suggesting a downward move may be imminent.
2. Open High Structure on Daily Chart: The daily timeframe for October continues to display an open-high structure, reinforcing the bearish outlook for the month.
3. Overbought Market Conditions: The price is showing signs of being significantly overbought following a strong bullish breakout from October 1, 2024. This overbought condition makes the pair vulnerable to a correction, further strengthening the sell setup.
4. TDI Cross for Confirmation: A bearish cross in the TDI indicator will provide confirmation of the presence of sellers in the market. This signal is crucial before initiating sell positions.
Take Profit Levels:
- Take Profit 1: 172.000
- Take Profit 2: 170.750
- Take Profit 3: 170.000
Trading Recommendations:
Patience is key—wait for clear, valid signals such as the TDI cross to confirm entry points. As always, exercise caution and apply proper risk management when trading to protect your capital.
If you find this analysis insightful, please like, leave a comment, and follow for more updates. I will happily follow back. Good luck with your trades!
---
CHFJPY bullish again... the week of 14 Oct, 2024Weekly chart – bullish
Daily chart – bullish
H4 chart – bullish (was in consolidation between 172.70 and 173.50 but broke out to the upside).
The structure of this pair has resumed the bullish nature (HL and HH) and for the most part the 20sma has been holding price above it. A pullback would be nice and provide a good location to take a long. However, if a strong move to the down side forms, that would negate my analysis.
My initial target would be in the 175.00 region with the possibility to let some part of the trade run higher.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
#CHFJPY 1HA rising wedge pattern has formed on the CHF/JPY 1-hour chart. This pattern typically indicates a bearish reversal, characterized by a narrowing price range with higher highs and higher lows, suggesting weakening momentum. As the price consolidates upwards within this wedge, volume often declines, hinting at an impending breakout to the downside.
Forecast: Sell
The rising wedge is a reversal pattern, and in this case, a bearish breakdown is anticipated. A sell position could be considered, with a target near the lower support levels, once the price breaks below the wedge’s support line. Traders should be cautious of false breakouts and monitor key levels for confirmation.
CHFJPY - Bearish TrendCHFJPY Bearish Divergence is formed, is it start of a bearish trend?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, SNB rate cut as from 1.25% to 1% recently may result in weak CHF.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
BUY CHFJPY uptrend continuation STOP LOSS : 173.112BUY CHFJPY uptrend continuation
STOP LOSS : 173.112
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
The #1 Reason I Was Wrong About AUDJPY Or CHFJPY...AGAIN!!I was wrong about the FX_IDC:AUDJPY
again..because
I was trying to find the right
forex trading system
to not only make money but also
manage my personal stress
-
Listen as of now am using a FREE account
on Tradingview
So most of these trades will
be long-term
trading options.
Until I am able to get a
paid subscription
on trading view.
-
Long-term term trades are
very good for
beginners
because it slows down
the fast pace trading
-
And allows you to learn
more if you
are using proper risk
management
-
This forex trade FX_IDC:CHFJPY sadly
is a 7-month move
at best 3 months.
-
Maybe later on when I upgrade to
trading view essential I might be
able to really develop
a trading system for day trades.
-
Honestly, day trading does have a cost to it
There is no way around it
you have to pay to play in
day trading.
-
Including mid-term trades such
as 3-month holds
or 1 month holds.
This buy signal is a 7-month hold.
This means you have to calculate your risk
management strategy well.
These past few days I have been battling
With my trading systems because
I really wanted to design a
day trading system
But all I can manage right now
are long-term trades.
My hope is that you will continue
to follow and learn from these
long term trades
Now will this reduce my
popularity sadly yes.
But with my long term
trading signals, I think
I will be able to attract the
right type of people
Who have an investing mindset
also its safer to trade
long-term {7 months]
than short-term gains.
So don't feel discouraged if you
are looking for short-term gains.
If that's you then this
recommendation
and my other recommendations
will never suit you
because all my trades
will be now
focussed on me finding the best
Long-term trades.
Using the rocket booster strategy
which has the following 3 steps:
#1-The price should be above the 50 EMA
#2-The price should be above the 200 EMA
#3-The price should be in an uptrend
This is a strategy of trading
and I hope it will
serve you well.
Remember if you
want to learn more
rocket boost this content
Disclaimer: Trading is risky you
will lose money whether you like it or not
please learn risk management
and profit-taking strategies.
: