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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

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
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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
5
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.
Short
by elyask120
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 :-)
Short
by ShahedZare