PA on this thang—CHFJPY—has broken the ATH. If you plan on catching the downtrend, the most conservative option left is: SSO @ 157.15 (8W) BLO @ 112.15 (7W) ⚠️ MORE INFO TO FOLLOW 🔑 ATH — ALL-TIME HIGH DT — DOWNTREND PA — PRICE ACTION
Adam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a...
CHFJPY is trading inside a Channel Up following the March 20th low. The price is now approaching the top of the Channel Up with the 1day RSI on a Double Top inside the overbough zone. That was a sell signal two time inside this pattern. Sell with a max extension at 163.000 and target 158.500. Follow us, like the idea and leave a comment below!!
Rejected a break on CHFJPY. Entered a sell to target a previous Lower Low. Trading kept simple. Only analysis used, also trading during news.
The CHFJPY pair had a strong 5 week rally since our last buy call (see chart below) on April 28: Our final bullish target remains 159.000, which will make a perfect contact with the Higher Highs trend-line since January. But given the fact that the 1W MA50 (red trend-line) has been tested twice this year, we expect a stronger rejection this time and decline...
See Chart For Currency Performance YTD Gold biggest performer while JPY the weakest.
CHFJPY is trading inside a Channel Up for the past 12 months and currently pulling back after touching the 2.0 Fibonacci level. With the 1D time frame technically neutral (RSI = 53.315, MACD = 1.420, ADX = 33.250), the closer the price gets to the 1D MA50, the stronger of a buy opportunity it becomes. The fractal of July-August 2022 indicates that the next HH of...
CHFJPY could go down Sell! CHFJPY after making all time high makes a bearish divergence and breaks the trendline. Short below this support 🙂
Analysis shows that the downtrend's anchor has been broken. To begin, it is essential to recognize that the downtrend anchor is an important indicator of market trends. Its success reveals a bearish mood in the market and suggests that the current downtrend may continue. Regardless of the confirmation, investors should proceed with caution and carefully assess...
-SL @ 153.96 🚫 SLO @ 153.50 ⏳ SSO @ 149.06.00 ⏳👈🏾 TP1 @ 146.25 (shaving 25%) TP2 @ 124.66 (shaving 25%) TP3 @ 111.50 (shaving 25%) TP4 @ 97.00 (shaving 25%) TP5 @ 79.00 (closing ALL Sell Orders) BLO @ 63.82 (15H) ⏳👈🏾 ADDITIONAL INFO: ✍️ ADDED SSO
CHFJPY is an almost overbought 1D technicals (RSI = 69.922, MACD = 1.670, ADX = 65.369), rising non-stop since March 20th inside this 1 year Channel Up. The pattern is much like the June 29th 2022 top that after almost hitting Fibonacci 2.0, it pulled back to the 1D MA50 and resumed the rise to Fibonacci 2.618. Consequently, we are selling this pullback and once...
We like a buy short term here. Possible 5 wave count spotted. We would like to 38% to 50% of previous high. Not advice. Faster timeframe Trying something different.
Chfjpy showed signs of move to the previous levels, let's see how it plays out
TP @ 155.00 BLO @ 151.53 ADDITIONAL INFO: 00:00 Revenge Trading 01:12 Buy Order (aggressive) 02:04 Small Loss for a Big Win 02:48 I hate CHFJPY!!! Unfortunately, our previous short position was liquidated because I based my analysis on the Oanda, which had limited historical data for this pair. As a result of examining the FXCM chart, I've determined that...
-SL @ 158.45 🚫 SLO2 @ 157.33 ⏳ SLO1 @ 155.25 ⏳ TP1 @ 151.25 (shaving 25%) TP2 @ 148.50 (shaving 25%) TP3 @ 145.33 (shaving 25%) TP4 @ 143.00 (shaving 25%) TP5 @ 138.50 (closing ALL Sell Orders) BLO @ 137.90 (15H) ⏳👈🏾 ADDITIONAL INFO: Unfortunately, our previous short position was "stopped out" because I based my analysis on my Oanda chart, which had...
The CHFJPY pair traded exactly as we expected more than 1 month ago, rebounding on the 2021 Higher Lows trend-line and hitting out 147.500 target: Today we see an impressive green 1D candle, indicating that the rally that started back then will have an extension. The 1D RSI indicates that we enter the final bullish leg of a sequence similar to June 2022. This...
-SL @ 151.53 🚫 SLO @ 150.75 ⏳ SSO @ 150.00 📉 TP1 @ 146.75 (shaving 25%) TP2 @ 142.85 (shaving 25%) TP3 @ 140.33 (shaving 25%) TP4 @ 138.66 (closing ALL Sell Orders) BLO @ 137.90 (15H) ⏳ ADDITIONAL INFO: ✍️ MODIFIED SSO and BLO
Pair : CHFJPY ( Swiss Franc / Japanese Yen ) Description : Bullish Channel in Short Time Frame Completed " ABC " Corrective Wave Divergence Break of Structure Symmetrical Triangle as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Making its Retracement