Coin_Analyst

CHFJPY getting ready for a bullish move?

FX:CHFJPY   Swiss Franc / Japanese Yen
The chart patterns present on the CHFJPY Daily tf are shown in this analysis with an inverted, complex Head and shoulder pattern (or inverted, complex Head and shoulders bottom) captured in this analysis between March 23, 2018 and till present date.

A close above the neckline at ~112.21 confirms the pattern. Distance from the neckline (112.21) can be subtracted from the pivot used for the Head and then added to 112.21 on a break above the neckline to determine a likely end point for the bullish move based on the pattern (i.e. inverted, complex Head and shoulders bottom).

Also shown in this analysis is a bullish price channel (in black) color that should be paid attention to as it also can be useful in determining resistance or supply area in the CHFJPY .

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out