CHFJPYUpdated chart
Note: This is my own analysis and reading please do your own research before execute any trade
CHFJPY trade ideas
CHFJPY: Time to Sell?!📉CHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout.
To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level.
I anticipate that the price will soon decline to the range of 117.87 - 177.60.
CHFJPY-ShortCHFJPY was making HH and HL. Now, bearish divergence on RSI appeared on 1 hr time frame. it marked recent LL and retraced upto 38% of fib level. in case, bears gets strength, the instrument may continue bearish momentum .
CHFJPY Bear flag, continuation to downsideCHFJPY fall today after the news, and started to consolidate and forming a bear flag, broke down from bear flag, waiting for a second leg
CHFJPY - SHORTThere is a big chance that after SNB announce rate cut today, we may see a drop in CHFJPY
I have two levels of targets as indicated on the chart.
Always follow your trading plan and take proper risk management.
CHFJPYCHFJPY has just went down due to the negetive results of the SNB Policy Rate, we saw that price respected the fair value gap below 2 imes and we are also below the true day open this might be the low of the day because price might drive straight above the true day open
CHFJPY - BUY - It's Not Gona Stop + 80 pips
Today, June 20, 2024, the Swiss National Bank (SNB) announced a reduction in its policy interest rate from 1.50% to 1.25%. This decision reflects concerns about slowing economic growth and inflation pressures. The rate cut is intended to stimulate economic activity by making borrowing cheaper, which can boost spending and investment.
Key points regarding the SNB's rate cut:
Economic Growth Concerns: The SNB's decision to lower rates indicates ongoing concerns about the Swiss economy's growth prospects. Lower interest rates are designed to encourage borrowing and investment, which can help boost economic activity.
Inflation Management: The rate cut also aims to address inflation dynamics. By reducing interest rates, the SNB hopes to counteract deflationary pressures and ensure inflation remains within the target range.
Currency Impact: The rate cut is likely to weaken the Swiss franc, making Swiss exports more competitive. A weaker currency can help boost the export sector, which is a significant part of the Swiss economy.
Global Context: This move aligns with actions taken by other central banks facing similar economic challenges. Lowering rates is a common monetary policy tool used to stimulate growth and manage inflation.
Return to previous Level 90% S/R
Long Tern Daily Monthgly since 2020 - UP
For more details, you can check the SNB's official announcement and Investing.com analysis.
SWISS ABOUT TO REVERSE? CHFJPYTomorrow morning there are important news regarding Swiss interest rates. I was looking for a good setup on a CHF pair, and CHFJPY looks good for a short. I think we could see a bullish spike to liquidate shorts, then it can reverse and drop touching the main support zone at 177.00
How Forex Pairs Correlate With Each Other And How To Trade ItForex pairs correlate with each other if they are closely linked.
They also correlate with economic climates and commodities.
Understanding this allows you to reduce exposure in one direction in your portfolio and diversify for safety.
Here's how.
CHFJPYCHFJPY If the price cannot break through the level of 178.880, it is expected that in the short term the price has a chance to go down. Consider selling in the red zone.
CHFJPY I Yen remains weak however expect a potential pullback Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
chfjpy currently on chfjpy price has just took out the previous daily high and came back inside the range, now we are waiting for the distribution to the downside to take out the previous daily low
CHF JPY due for a pullback?Hi guys,
The CHF JPY has again made a strong move to the upside, as it has been doing for the best part of two years now. Price is heading towards an area where we may get the chance to find some LTF sell setups.
The dashed black line above the chart represents the 1.27 retrace of the latest swing low to high daily and previous swing low to high daaily... i.e the last two correction lo to hi retracements of 1.27 and 2.0 respectively, which both are pretty much at the same price level.
There is also a harmonic butterfly bearish pattern that will be complete at 1.27 retrace point, coinciding with the fib price levels.
The CHF JPY is also showing big divergence on RSI heading into this area and is pretty well extended from all its key MA's ( The MA's on the chart are the 20 50 and 200 daily MA's.)
Waiting for a trendline break or double top, engulfing candle etc on LTF or a lower low on RSi and retest of downward trendline could present with nice risk to reward trade from this level.
Safe trading all.
CHFJPY Trend Continuation Trade - 2nd EntryCHFJPY Trend Continuation Trade - 2nd Entry
1. Weekly Uptrend
2. Nice bullish candles build-up
3. Structure HH-HL-HH-HL
4. Trend Following Indicator confirmation
5. BUY/SELL Indicator confirmation
6. Strong CHF Environment
7. 2% Risk, Nononsense Trade Management - VP THANKS!
8. 1,5 Daily ATR Stop Loss
9. 1 Daily ATR Take Profit and then Break-even
10. Exit on reverse candle/exit indicator signal/Break of Structure
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 DOUBLE TOP PATTERNCHFJPY has formed double top pattern short entry can be taken once it break the neck line.
CHFJPYCHFJPY is showing Bearish divergence Along with double top place a sell as it will break its Last HL WITH Trendline
CHFJPY second entery shortSecond Entery short for CHFJPY, the same idea, at the moment the pair is showing lower low and Lower High, 3 Head. It can be a great indication for short
CHFJPY: Bears Will Push
The price of CHFJPY will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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CHFJPYCHFJPY price is in a strong resistance zone. 175.386-175.893 If the price cannot break through the 175.896 level, it is expected that there is a chance that the price will fall. Consider selling in the red zone.
>>GooD Luck 😊
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CHFJPYThe CHF/JPY price is displaying a short-term bearish move on the 4-hour timeframe, forming a rising wedge pattern. We plan to enter a sell position after the wedge breakout, targeting the level where resistance turns into support, aligning with the completion of the Elliott Wave 4. Upon observing a bullish rejection at this key level, we will then enter a long-term buy position.
CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
The BB upper band is nearby so CHF-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 173.688.
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