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Swiss Franc / Japanese Yen

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CHFJPY trade ideas

YIELD DIFFERENTIALS IN CHFJPYSince Yields are the Fundamentals Drivers of Currencies, currently looking at the yield differential between CHF and JPY. You can see that the 2-year and 10-year yield differentials are already falling heavily in favor of JPY, so you could see aggressive pricing in the pair. The risk that i see is jpy interest is lower than chf and the volatility is very low which is good for carry trades, so when volatility picks up in the broader market than this pair could really move until then we need to be careful with this and watch what Bank of Japan does with the interest rates. For me, i would be selling on the rallies up into nice technical levels and manage risk.
Short
by AllJammaster
CHF/JPY Weakens, Sell At This LevelSell positions are entered when a valid Daily rejection is formed and confirmed on the H4 timeframe when testing the supply area of 171.33-172.29. The selling opportunity this time will capitalize on the potential weakening of prices when testing the supply area. For further clarity, please refer to the explanation below. CHF/JPY Daily Level: Supply 171.33-172.29 On the Daily chart, there is a potential selling area in the supply zone of 171.33-172.29. Sell positions await the price to test the supply area and form a valid rejection in the form of a bearish engulfing candlestick pattern or pin bar (with a long upper shadow). CHF/JPY H4 Signal: Daily Rejection Followed by H4 Candlestick Confirmation For a sell entry, the signals used include 2 stages: Formation of a valid Daily rejection in the form of a bearish engulfing candlestick pattern or pin bar (with a long upper shadow) when the price tests the supply level of 171.33-172.29. Wait for a pullback first, then take a sell position using confirmation from candlestick patterns on the H4 timeframe such as bearish engulfing, pin bar (with a long upper shadow), or bearish inside bar. CHF/JPY Entry Opportunity From the above description, it can be concluded for the entry opportunity with the following plan: Position : Sell Level : Supply 171.33-172.29 Signal : Daily Rejection followed by H4 candlestick confirmation Attention: Entry only when confirmation has been formed. Always use good money management (1-2% risk per transaction). If a sell position has been taken and the price has not yet reached the SL or TP, close the position as soon as possible (emergency exit) if the price forms a candlestick reversal pattern (bullish engulfing, pin bar with a long lower shadow, or bullish inside bar) on the Daily timeframe. Hopefully, this analysis helps readers to observe price movements and make transaction decisions.
Short
by Meldir_
CHFJPY buy tradeBased on the latest technical analysis for the CHF/JPY pair on the H4 (4-hour) chart, here's a bullish perspective: 1. *Support Levels: The CHF/JPY pair has shown support around the **167.450* level, indicating a strong base for potential upward movements³. 2. *Moving Averages: The pair made a breakout above the simple moving average 30, which is a bullish signal. However, it's important to note that there was a strong rejection in the next candle, closing within **169.620*³. 3. *Technical Indicators*: - *RSI (14): The Relative Strength Index is at **53.97*, which is neutral and suggests that there is room for upward movement before the pair becomes overbought². - *MACD (12,26)*: The Moving Average Convergence Divergence is showing a slight sell signal, but this could be part of a larger bullish consolidation pattern². - *ADX (14): The Average Directional Index is at **26.566*, indicating a moderate trend strength that could support a bullish trend continuation². - *CCI (14): The Commodity Channel Index is at **147.7246*, which is a strong buy signal indicating bullish momentum². 4. *Pivot Points: The current pivot points suggest that the pair has room to move upwards, with resistance levels to watch at **169.10* and *169.15*². 5. *Overall Sentiment*: The overall sentiment from various analysts suggests a bullish outlook for the CHF/JPY pair, with expectations of further rises¹. Please note that while the analysis points towards a bullish sentiment, the forex market is highly volatile and subject to rapid changes influenced by economic events, news, and other factors. It's crucial to use proper risk management and stay updated with the latest market developments.
Long
by Mansa_Musa_Capital