Presently we are waiting for price action to determine price delivery. If we break below the weak low/dotted lines(demand or support) we will go short(sell limit) targeting the 162 price handle.
Starting to see Yen strength materialise, with the BoJ looking to get out of the current cycle.
Surely Yen can't go much lower against all of the G10, so expecting some moves in the coming week.
We've been failing at the 171.8 high for weeks so this looks like consolidation to me now, ready for a push down.
Starting this week with the CHF PCI data this...
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** CHFJPY Analysis - Listen to video!
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CHFJPY MARCH WEEK 4 OUTLOOK -
Daily - Looking good for selling on pullbacks.
Origin - 167.725 - 169.080 seems like a good area for price to get pulled to and the get a rejection. I will look for shorts once price holds below 166.952
Waiting for a retest of 169.194 to short CHFJPY back to Daily swing low at 162.421
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✅CHF_JPY is approaching a demand level of 167.082
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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Hello,Traders!
CHF-JPY keeps falling down
And the pair is locally oversold
So after the retest of the
Support below at 166.78
I will be expecting
A local move up
Buy!
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Check out other forecasts below too!
In this chart we have spotted Bearish flag along with Bullish Divergence which leads us to take two entries at the moment BUY STOP & SELL STOP. we take entry & exit points with a margin that can easily be targeted.
Finally, the sideway movement was broke strongly to the downside. entering a sell trade will our goal in this pair. in order to have a small stop loss on this sell trade we need to wait for a little re-tracement either wait for upside wave with good price action or draw your fib tool once you have a bottom with good bullish price action referring that the price...
CHF/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 168.882 which is an overlap support.
Stop loss is at 168.000 which is a level that lies underneath the 38.2% Fibonacci retracement and the 100.0% Fibonacci projection levels.
Take profit is at 170.242 which is a pullback resistance.
High...
My dear followers,
I analysed this chart on CHFJPY and concluded the following:
The market is trading on 169.67 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 169.95
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to...
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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Take a look at our analysis for CHFJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 169.883.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the...
Noticed a very standard breakout play. CHFJPY has been ranging since the beginning of 2024 and is teasing a breakout to the downside.
The main risk, however, is that this breakout may be short-lived. Keep in mind that CHFJPY is still in a dominant uptrend since I'd reserve this for a quick counter-trend trade if momentum persists.
My dear friends,
Please, find my technical outlook for CHFJPY below:
The instrument tests an important psychological level 169.93
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 170.36
Recommended Stop Loss - 169.69
About Used...
CHFJPY nicely respected a key horizontal resistance.
We see multiple doji candles and a formation of a bearish engulfing candle.
The pair may drop from the underlined blue area.
Goal - 169.56
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My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 171.22 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 170.72
Recommended Stop Loss - 171.51
About Used...
