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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

CHFJPY - Easy 1000pip Trade.. Atleast!Our last CHFJPY over extended a little but it was still valid. Price dropped 1300pips from the break of our entry trendline! We have now created a correction and looking for another 1000pip drop. There's a chance we may make a complex correction, as indicated on the chart. There is still a 1000pip drop to our first target so this one is definitely one to watch! Trade Idea: - Watch for reversal within the fibs - Entry on break of trendline or you can use lower timeframe BOS or other methods - once entered, put stops above price - Target the recent lows as first target (165.5 (1000pips) - Make sure to taper some positions there and watch to see if we get the complex correction or if we continue dropping. What do you guys think? Goodluck and as always, trade safe!
by WicktatorFX
1
CHFJPY in important resistance area; yen to strengthen?CHFJPY in important resistance area on daily chart; yen to strengthen? The Swiss franc and Japanese yen currency pair (CHFJPY) has maintained a steady uptrend on the daily chart since 2020, consistently trading above the 200-period Moving Average. However, in September, CHFJPY dipped below the SMA200 for the first time, signaling a potential increase in selling pressure and indicating a stronger appreciation of the yen against the franc. This yen appreciation aligns with Japan’s recent shift in monetary policy – the Bank of Japan had kept interest rates in negative territory since 2016. On July 31, Japan raised its key interest rate for the second time in 2024, bringing it to 0.25%. Meanwhile, the Swiss National Bank (SNB) has consecutively lowered interest rates during its last three meetings. Technical indicators point to potential downward pressure on CHFJPY From a technical perspective, after breaking below the SMA200 on the daily chart, CHFJPY retested it from below, suggesting that the SMA200 may now act as a level of resistance. The price also reached the 50% retracement level of the bearish Fibonacci on the daily chart, which could serve as potential resistance. A double top pattern is also forming in the same Fibonacci region. From a technical standpoint, a confluence of factors can be seen: 1. The SMA200 was broken, previously acting as support, and could now serve as resistance. 2. A retracement to the 50% level of the bearish Fibonacci, which could also act as resistance. 3. A double top forming on the daily chart. From a macroeconomic perspective, the following is affecting CHFJPY: 1. A shift in Japan’s monetary policy with two interest rate hikes this year. 2. Monetary easing in Switzerland – the SNB has cut the policy rate three times in 2024. It currently stands at 1% – the lowest level since early 2023. These factors create a context where a potential short opportunity could become more apparent if the price breaks below 171.30. If that occurs, CHFJPY could decline to the 167.10 level within a few days, where it may encounter some support. Disclaimer: 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
CHFJPY💡Hello everyone, CHFJPY chart analysis Downside scenario: The price bounces from the bearish Order Block area and heads towards lower support levels such as Swing Low.⬇️ Upside scenario: The price breaks the Order Block area and continues its rise, with the possibility of testing the broken area before completing the uptrend. ⬆️ The MACD indicator shows a shift in negative momentum to positive. We monitor the chart on the lower time frame.✅ ⛔It is not investment advice, for educational purposes only.
by Adhamcurrency
CHFJPY My Opinion! SELL! My dear friends, My technical analysis for CHFJPY is below: The market is trading on 171.73 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 170.25 Recommended Stop Loss - 172.54 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
SELL view on CHFJPY This is my SELL view on CHFJPY 🔊🔻 Selling CHF/JPY (Swiss Franc/Japanese Yen) might be a good move for several reasons, depending on the current market conditions and your trading strategy. Here are a few potential reasons why selling this currency pair could make sense: 1. **Weak Swiss Economy or Central Bank Intervention**: If the Swiss National Bank (SNB) has hinted at or undertaken policies that weaken the Swiss Franc (such as lowering interest rates or engaging in market interventions), the CHF could depreciate against the JPY. Selling CHF/JPY ahead of such moves could allow you to capitalize on a falling CHF. 2. **Strength of the Japanese Yen**: If Japan's economic indicators (such as GDP, inflation, or trade balance) are improving, or if the Bank of Japan (BoJ) is signaling a shift towards tighter monetary policy, the Yen could strengthen. This could push CHF/JPY lower, making a sell position profitable. 3. **Safe-Haven Flows**: In times of global uncertainty, the JPY tends to act as a safe-haven currency, attracting investors seeking safety. If geopolitical tensions, stock market volatility, or recession fears increase, the Yen could appreciate against the CHF, driving CHF/JPY downward. 4. **Technical Analysis**: If CHF/JPY is at or near a significant resistance level and technical indicators suggest a downward trend (such as moving averages crossing or momentum weakening), this could be an opportune time to sell. Patterns like double tops or bearish engulfing candles can also signal potential selling opportunities. 5. **Interest Rate Differentials**: If there is a shift in interest rate differentials between Switzerland and Japan, it may influence capital flows. For example, if Japan increases rates while Switzerland maintains or lowers them, traders might sell CHF/JPY in anticipation of a stronger Yen. Each of these factors could influence your decision to sell CHF/JPY now, but be sure to assess your own risk tolerance, time horizon, and trading goals before making a move.
Short
by ForexCompany
1
Yen Picking up steamBased on the Fibonacci Extension, CHF/JPY is looking to make a push to the 167.700 region. For a while, sentiment had shown that CHF/JPY was in favor of the Bulls after having a 79% Short ratio verses 21% Longs. A contrarian signal. However, the longs began to accumulate and a liquidty sweep became apparent. We now could have a flushing of those Bulls in place. As most of the Bulls were short squeezers closing out their positions artificially pumping price. This move down could actually be true Market Makers interceding. We shall see how this plays out.
Short
by ewhite41
CHFJPY BULLSOn the Daily chart, price closed above the 40EMA indicating Change of character (ChoCh). The 4 hour chart clearly shows us that the bearish movement was a pull-back toward the zone that created a new HH and there is a H&S pattern! After the H&S breakout, the M15 price retraced to the zone that created a high which indicates ChoCh. Note before the M15demand zone there was equal lows (green arrows) which is liquidity, before a significant upward movement there liquidity was swept.
Long
by bapsii
Downside Targets for CHF/JPY Amid Waning Swiss Franc AppealMarket Overview CHF/JPY is facing downward pressure as demand for the Japanese yen rises, coupled with the Swiss National Bank’s decision to cut interest rates to 1%. The Swiss franc has lost some of its allure as a safe-haven currency, while the yen is gaining traction due to increased risk aversion in the market. Technical Analysis CHF/JPY has reached a key support level at 168.676. Should this level be breached, downside targets include 168.170, 167.921, and 167.454. Both MACD and RSI indicators confirm selling pressure and suggest a continuation of the bearish trend. Conversely, if buyers manage to break through the resistance at 169.898, this could signal the end of the current downtrend and the potential for a bullish reversal.
Editors' picks
Short
by Errante
2
CHFJPY - 4hrs ( Sell Trade Target Range 280 PIP )🟢Pair Name : CHF/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Bearish Break 169.500 Area Reasons ✅- Major Turn level ✅- Visible Range Poc ✅- Channel break ✅- Key level Break ✅- Week High / Year High Break ✅- Fibo Golden Break ✅Bullish Reversal 166.500 Area
Short
by GoldenEngine
2