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Chfjpyanalysis

CHFJPY is about to take off!Currency Pair : CHFJPY Possible direction : Bullish Technical Analysis : With the weakness in jpy, CHFJPY has merged with long term uptrend after grabbing liquidity from the daily and weekly support. Price is currently all time high and any time after little pullback we could see chfjpy may take off again to create new all time high level. Possible trade recommendation : Bullish as per sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Long
by ForexWizard01
CHFJPYCurrently, the CHF/JPY index is experiencing a decline. This index represents the exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY), and is one of the less traded currency pairs in the forex market. Various factors can lead to the decline of the CHF/JPY index, including economic, political, and global developments. For example, changes in interest rates, fluctuations in the stock market, and overall economic conditions of countries can all affect this index. If the CHF/JPY index is currently experiencing a decline, it may be due to various factors. For instance, unfavorable economic developments in countries with the CHF currency may drive investors away from this currency. Additionally, an increase in interest rates in countries that hold JPY currency can strengthen this currency against the Swiss Franc. To have a better understanding of the reasons behind the decline of the CHF/JPY index, it is necessary to pay attention to technical analysis of the forex market and relevant news. However, in general, a decline in this index indicates weakness of the Swiss Franc against the Japanese Yen and creates challenges for investors who hold assets related to the Swiss Franc or are engaged in trading with this currency. As with all forex trading, it is important to closely monitor market conditions and have a strong understanding of the underlying factors that can affect currency rates.
Short
by hyfx
CHFJPY Heading up to 160.72 based on a Cup of TCup and Handle formed recently with CHF/JPY. The price broke above the brim level, and is showing strong momentum up. Other indicators confirm. 7>21>200 RSI>50 Target 160.72 SMC: Sell Side Liquidity order block is below the Handle of the Cup and Handle. A little concern is that there is BUY side Liqudity (Shooting Star) as of today and yesterday. This means, we could see the market come down a blip before it turns up again. It will give us a conservative entry point for those who aren't long or are long and want to pick up with their position even more.
Long
by Timonrosso
3
20 Reason for Buy CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle Eye: The market is currently approaching the all-time double top area and momentum remains bullish. It will be interesting to see what happens next. 2:📆Monthly: A strong and established bull trend has been forming for the past 9 months, indicating the potential for a future bull run. 3:📅Weekly: Last week, the market took a strong bullish support at the Fib 38 price level of 137.800. A doji with confirmation suggests that everything seems bull supportive. 4:🕛Daily: While the market has been in a clean bearish trend, a QC of the last 15 candles indicates that the trend is weakening. A minor correction is expected, followed by a potential buy entry at this level. 😇7 Dimension Analysis 🟢 Analysis Time Frame: D1 5: 1 Price Structure: Currently showing an inner bullish structure. 6: 2 Pattern Candle Chart: A "N" pattern suggests a proper bullish formation, indicating a potential buy signal. 7: 3 Volume: A massive volume in the current consolidation area can be seen. 8: 4 Momentum UNCONVENTIONAL RSI: Currently showing sideways to bullish momentum. 9: 5 Volatility measure Bollinger Bands: No significant volatility has been observed yet. 10: 6 Strength ADX: Currently showing total sideways movement. 11: 7 Sentiment ROC: The CHF is stronger than the JPY based on the ROC monthly period 1. ✔️ Entry Time Frame: H4 12: Entry TF Structure: A bullish structure has been observed. 13: Entry Move: The current move is corrective, and waiting for an impulsive move to start is recommended. 14: Support/Resistance Base: The daily FVG support area can be used as a base for potential trades. 15: FIB: Waiting for a trigger event or trend line breakout is suggested. ☑️ Final Comments: It is recommended to wait for the correction to end before making a trade. Once the correction ends, a 15-minute bullish candle can signal a potential buy entry. 16: 💡Decision: Buy 17: 🚀Entry: 144.400 18: ✋Stop Loss: 140.700 19: 🎯Take Profit: 160.633 20: 😊Risk to Reward Ratio: 1:4.22 🕛 Expected Duration: Based on the current analysis and market conditions, it is estimated that it may take up to 2-3 weeks for the price to reach the target price of 160.633. However, market conditions can change quickly, and it is important to regularly review and adjust your trades accordingly.
Long
by Optimum369