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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. ##
Short
by InvestingScope
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!
Long
by SignalProvider
1
#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.
Short
by mohemati
1
#CHFJPY 1HThe CHFJPY (1-Hour) chart is forming a Rising Wedge* pattern, which is typically a bearish signal. This pattern occurs when the price is moving higher, but the range between the highs and lows is narrowing, indicating a potential loss of bullish momentum. Key Observations: - The price has been trending upward but is now constrained within a converging wedge pattern, with higher highs and higher lows forming a rising wedge. - This pattern often leads to a bearish reversal as buyers lose strength and sellers take control, especially when the price breaks below the lower trendline of the wedge. - Volume may also be decreasing, which is a common characteristic of a rising wedge and could confirm the weakening uptrend. Forecast: A sell is anticipated once the price breaks below the lower boundary of the wedge. This would signal the beginning of a bearish move, with the potential for a strong downward correction or reversal. Key Levels: - Resistance: The upper boundary of the wedge where the price has been repeatedly rejected. - Support: The lower boundary of the wedge, which if broken, would confirm the sell setup. Risk Management: Place stop losses above the recent highs to protect against false breakouts or a continued move higher. Profit targets can be set near previous support levels or significant pivot points, as the pair could experience a sharp decline after the wedge breakout.
Short
by PIPSFIGHTER
2
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
Long
by orbborisson
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.
Short
by M_Gheysvandi
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! ---
Short
by ezeepips
1
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
Long
by Trading_Vista
#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.
Short
by PIPSFIGHTER
2
SELL view on CHFJPYSelling CHF/JPY could be based on several macroeconomic and technical assumptions. Here’s a rationale based on both real-world factors and potential market dynamics: 1. Swiss National Bank (SNB) Policy Monetary Policy Divergence: If the Swiss National Bank (SNB) maintains a dovish stance, perhaps due to concerns about inflation being too low or economic growth faltering, it may continue to hold interest rates lower for longer or engage in monetary easing. This could weaken the Swiss franc (CHF), making CHF/JPY a good candidate for a sell. Interventions: The SNB is known for intervening to prevent excessive CHF appreciation, especially since a stronger franc can hurt Switzerland's export-dependent economy. This intervention could lead to CHF depreciation, favoring short positions. 2. Bank of Japan (BoJ) Shift Potential Policy Shift: If the Bank of Japan (BoJ) signals a shift away from its ultra-loose monetary policy—possibly by reducing bond purchases or raising rates slightly—this would support a stronger yen (JPY). Recent inflation pressures in Japan have prompted discussions about tighter policy, which could drive yen appreciation. Inflation and Wages: Japan has seen modest inflation, driven by rising wages and cost-push inflation, which could encourage the BoJ to adjust its policies more aggressively in the future, strengthening JPY. 3. Risk Sentiment and Safe Haven Flows Shifts in Global Risk Appetite: Both CHF and JPY are considered safe-haven currencies, but JPY tends to outperform CHF in times of heightened risk aversion, especially with Asian investors and markets playing a larger role in global trade. A sudden rise in geopolitical tensions or market risk could favor the yen over the franc, creating downward pressure on CHF/JPY. 4. Technical Analysis Overbought Conditions: If CHF/JPY has been in a prolonged uptrend and technical indicators such as the Relative Strength Index (RSI) or MACD suggest overbought conditions, this could signal an upcoming correction or reversal, making it a good time to sell. Resistance Levels: Price approaching a strong resistance level, where CHF/JPY has previously reversed, might be another technical signal to initiate a sell trade. Combined with weak fundamentals, this could increase the likelihood of a pullback. 5. Switzerland’s Economic Slowdown Slower Economic Growth: If Switzerland’s economic indicators, such as GDP growth, export performance, or business confidence, show signs of slowing down, it may reduce demand for the franc as investors anticipate lower returns or a more stagnant economy. 6. Japanese Trade Surplus Strength in Japanese Exports: Japan's trade balance has been improving, driven by strong exports, especially in high-tech and automobile sectors. A growing trade surplus supports JPY strength, which could pressure CHF/JPY downward. By combining these factors—particularly monetary policy divergence, risk sentiment, and potential technical signals—a sell position on CHF/JPY could be strategically viable.
Short
by ForexCompany