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CHFJPY trade ideas

CHFJPY Is Very Bullish! Buy! Here is our detailed technical review for CHFJPY. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 178.422. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 179.979 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
CHFJPY WEEKLY FORECASTHello Traders, Welcome to the CHFJPY Weekly Forecast This week, we are focusing on the CHFJPY pair, which has been displaying a well-defined range between its key support and resistance levels over the past week. As last week closed near the resistance zone, our primary expectation is for the price to retrace and retest the support zone. This anticipated pullback is crucial as it may provide a solid foundation for the price to rebound. Analysis and Expectations: After testing the support zone, we foresee a potential upward movement. This bullish momentum could lead to a break above the current resistance zone. Upon breaking this resistance, we anticipate that the pair will establish the previous resistance level as a new support. This change in structure could pave the way for further upward movement, reinforcing the bullish trend. Alternative Scenario: However, it is important to remain vigilant. If the price action does not align with our expectations and fails to hold at the support level, the ensuing drop could be substantial. A significant fall might indicate a bearish sentiment prevailing in the market, leading to a deeper correction. Conclusion: In summary, our first perception of the CHFJPY pair is cautiously optimistic, with an initial pullback followed by potential upward momentum. Traders should monitor these key levels closely and adapt their strategies accordingly. Keep in mind the alternative scenario, where a failure to hold the support could result in a significant decline. Stay tuned for further updates, and happy trading! By Piptera Digital Solutions
Long
by Piptera-Digital-Solutions
CHFJPY - Perfect Wycoff After the Explosive move We have all the Elliments of the Wycoff Pattern Happens time after time Inconjunction with fundamental Strength of a Currency especially is a very reliable pattern/Syetem. For whatever reason CHF is flavour of the day for the last 2 - 3 weeks especially. Plus it is fundamentally strong compared to the Jappy last 4 weeks scores 7,8,6,6 Looks like fundamentals are dropping a bit but still way in the green 10 being the top score. The Volume Profile to the left is a screenshot of the 5 minute time frame and clearly shows a lack of orders in the top section of the Explosive Bearish Candle after the SNB Interest Rate decision which dropped from 1.5% to 1.25% This is the safest area to get involved with often dropping or moving up very fast due to the lack of resistance of conflicting orders. Anyway lets see : )
Long
by NZ_Shareman
2
CHFJPY JUNE 2024 WEEK 4 OUTLOOK - Daily - @mar10janicafx . @ryantopp will attest, this move on CHFJPY moves awfully like the one we saw in 2021. whenever this like to go, CHFJPY moves clean. still looks good to buy on small pulls (if any). move is supported by good volume and so I won't shy away from taking stabs at it. Origin - as long as it stays above **178.632** it looks good to run north. any open position needs to be cut short as price comes near previous ATH. also, never take first stab at longs when price tags a fresh ATH for the first time. second tag is good to take a stab at.
Long
by Osiris992
CHFJPY JUNE 2024 WEEK 4 OUTLOOK - Daily - @mar10janicafx . @ryantopp will attest, this move on CHFJPY moves awfully like the one we saw in 2021. whenever this like to go, CHFJPY moves clean. still looks good to buy on small pulls (if any). move is supported by good volume and so I won't shy away from taking stabs at it. Origin - as long as it stays above **178.632** it looks good to run north. any open position needs to be cut short as price comes near previous ATH. also, never take first stab at longs when price tags a fresh ATH for the first time. second tag is good to take a stab at.
Long
by Osiris992
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.
Long
by NZ_Shareman