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Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement and rejects from trendline + S/R zone + institutional big figure 168.000. Like, comment and subscribe to be in touch with my content!
Chfjpy is currently stalling at 169.718 region at which if we see chfjpy breach 169.293 and we see a pull back to the key level on the chart, i see chfjpy dropping.
CHFJPY formed an ascending triangle formation last week. Yesterday, the price bounced and formed a high momentum bullish candle. It managed to break and close above the neckline of the pattern. The pair may continue growing. Next goal for buyers will be a falling trend line. ❤️Please, support my work with like, thank you!❤️
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Certainly! Here's an explanation based on the previous analysis of the CHF/JPY pair: In our previous analysis of the CHF/JPY pair, we identified a potential shift in momentum amidst a triple top formation. The analysis highlighted that despite the formation of three tops, the third one did not result in a breach of the trend line. Instead, there was a retest,...
Hello Traders In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (CHFJPY market update) 🟢What is The Next Opportunity on CHFJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
CHFJPY has reached important levels, under which it is now trying to consolidate. The price corrected by 38% from the last upward impulse. The chart has formed a reversal candlestick pattern Hammer. We expect a rebound from the current level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Ladies and Gentlemen of the Forex Trading Fraternity. I Submit for your Consideration 5600 Pips of opportunity in the CHF/JPY Currency Cross.
Hello,Friends! CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 166.264...
The analysis suggests that the CHF/JPY currency pair may be undergoing a shift. Despite forming three tops, the third top did not lead to a breach of the trend line. Instead, it was followed by a retest. If the 1-hour candlestick closes without indicating a selling trend but instead ends with a high close indicative of buying momentum, the probability of a bullish...
CHFJPY is in extended consilidation phase since March 27 and keep bouncing off of resistence and touching support at clear levels.
CHFJPY is neutral on its 1D technical outlook (RSI = 50.785, MACD = -0.360, ADX = 31.970) as the price action is ranged between the 1D MA50 and 1D MA200. The dominant pattern is a Channel Up however and with the price rebounding on the 1D MA200 (unbroken since March 29 2023) and the 1D MACD has formed a Bullish Cross, we expect the new HH leg to start. Our target...
The strength of CHFJPY rebounds has decreased. The chart came out of the descending channel. The price reached the resistance level coinciding with the 38.2% retracement level. We think that the pullback will take place after the resistance retest is completed. ------------------- Share your opinion in the comments and support the idea with a like. Thanks...
There's quite a lot to unpack on this pair but to keep it simple, im seeing major divergence on RSI daily time frame which is indicating to me that there is a reversal on the way. This does not mean that a reversal is imminent but an 'INDICATION OR SIGN' that it might happen, so im waiting for confirmations on smaller time frames to jump in the game. Im seeing...
An inverse head and shoulders pattern is a bullish reversal pattern in technical analysis. It forms after a downtrend and consists of three troughs: two shoulders and a head, with the head being the lowest point. The pattern suggests a potential reversal in market sentiment. The neckline, drawn by connecting the highs between the shoulders, acts as resistance that...
The pair after its bull run has shown signs of weakness and after showing divergence on RSI the rising wedge pattern also appeared. A short entry can be taken this formation is complete and breakdown of the structure is shown by the market
Pattern looks like it's heading down Was over Extended Turns into a Wycoff pattern 2 big Pin bars Trend is down 1m to 1 hr Jappy Interest Rate latter in the week Prob Jappy bank with the big Pin Bar they keep saying they could drive price lower.