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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

CHFJPY Will Go Up From Support! Buy! Here is our detailed technical review for CHFJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 167.427. Considering the today's price action, probabilities will be high to see a movement to 168.320. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
CHFJPY Crucial Analysis, SNB Eases RatesHey Traders, The Swiss National Bank eased today from 1.75 % to 1.5%. This has dropped the value of the CHF VS JPY significantly as cash flows out of the CHF and into alternative cash holdings. This is crucial to look at, as central bank decisions will always form the basis for long term moves, especially now you have the BOJ going towards rate normalization. SNB also stated they may intervene. When you have one Central Bank dropping rates and one considering raising them, it is always a great recipe. Watch to learn.
Short
by WillSebastian
2
Lingrid | CHFJPY fake BREAKOUT. LongThe price perfectly fulfilled my last idea. It hit the target. FX:CHFJPY is pulling back to resistance after bouncing off the support level and channel border. I think it will move upward because it made a fake breakout of the previous low, and the main trend is bullish. The market broke the previous structure support level, then quickly returned above it. I expect the price to roll back to support from the resistance and upward move to retest the trendline and resistance. My goal is the resistance level at 170.800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
CHFJPY My Opinion! BUY! My dear friends, CHFJPY looks like it will make a good move, and here are the details: The market is trading on 167.62 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 168.52 Recommended Stop Loss - 167.06 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
CHFJPY Hit the 1D MA200 after 1 year!The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below): Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023. We are prepared to buy after it breaks, at the bottom (Higher Lows trend-line) of the Channel Up, or if the 1D RSI hits the bottom of its Channel Down first, and target the Higher Highs at 173.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
CHFJPY - A Generational Currency TradeI've had this area alarmed from a quite a while which triggered as this hit the 2 pivot 1.618 extension. Now having let it develop; it does look bearish on all time frames Firstly on the 3 week chart, there is bearish divergence between the 2022 peak and impulsive end; BC Buying Climax that completed summer 2023. As so often is the case with Wyckoff and Fibonacci; the Buying Climax completed shy of the 1.618 extension. From there, moving into a corrective continuation; the 1.618 Fibonacci extension has been hit. And this can potentially be the corrective part of a topping pattern that in Wyckoff is called "UT UpThrust." UpThrust is an ascending area that may or may not have an exhaustion shakeout at the top... But the key detail is that it is corrective and ascending. Ascending channels are bearish and that is our clue that a reversal could be on. ... We have seen something very similar with Bitcoin through 2020 - 2021. Notice how there is bearish divergence between the impulsive peaks and then the BC Buying Climax tops out just shy of the 1.618 extension. Then there is a corrective ascending phase that does hit the 1.618 and that completes UT UpThrust which is the market cycle top (although it did go on to print a shakeout double top late in 2021). ... Now down on the week time frame, notice that we have a corrective ascending channel that hits the 1.618 extension and there is bearish RSI divergence: Price makes slightly higher highs whist RSI is making lower highs. All of this is bearish and this is a typical topping setup. ... Now if we take a look at the Yen, it did slightly exceed the 0.786 overshoot ratio of the 1:0.618 extension but not for long and not too deep so it can still reverse in this area I think. Notice the green arrow and how the RSI has popped up back into range. That I think is a big clue that a reversal is on. Remember that the 1:0.618 extension is a weak ratio and so it can be signalling downside weakness. Due to this we may see a really big bounce that would be reflected with significant bearish action is CHFJPY so long as CHF doesn't pump. ... Now looking at the Swiss, this is the least conclusive chart but price has made a higher high whereas the RSI has not and so at the very least; thats not bullish and it may see further downside. All in all this CHFJPY short looks a great trade and may be one to hold for years 🙂.
Short
by dRends35
2
CHF/JPY is start recovering and developing bullish trendIt appears that the CHF/JPY currency pair is beginning to recover and exhibit a bullish trend, indicating that the Swiss franc (CHF) is gaining strength against the Japanese yen (JPY). This emerging trend may signify improving sentiment towards the Swiss economy compared to Japan's. Traders analyzing the market may observe signs of upward momentum, such as higher lows and higher highs on price charts, potentially supported by technical indicators like moving averages. Fundamental factors contributing to this recovery could include positive economic data from Switzerland, such as resilient GDP growth or favorable trade balances, alongside factors such as safe-haven appeal or changes in monetary policy. As the bullish trend unfolds, traders should remain cautious of any potential reversals or market uncertainties that could undermine the CHF's upward trajectory against the JPY. Implementing robust risk management practices, including setting stop-loss orders and staying informed about geopolitical developments, is crucial for navigating and capitalizing on bullish trends in the CHF/JPY pair.
Long
by aalihassan
CHFJPY: A bigger bearish wave could happenCHFJPY: A bigger bearish wave could happen After the meeting today from Japan's top currency diplomat Kanda commented: Recent yen moves are not reflecting fundamentals Speculative moves are behind recent yen movement Does not consider a 4% move in a span of 2 weeks as being a "mild" move Closely watching FX moves with a high sense of urgency Will not rule out any steps to respond to "disorderly" FX moves All these new comments indicate that the BOJ is already in panic mode given that the market has not reacted to the interest rate hike. JPY weakness turned out to be only market speculation, but it looks like the BOJ will also have to show its teeth in order to support JPY strengthening more at this point. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni