Hello,Friends! The BB upper band is nearby so CHF-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 166.712. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: Neutral Comment: For this instrument, we recently closed our growth target with a profit, but this growth potential is most likely not exhausted. Further growth is expected towards resistance 0.87757 . Here is our first and main scenario for the upcoming sale. Scenario №1 on the chart is the most likely, and it should even be said that...
We can see a clear downtrend pattern in 30 minutes chart. We also see an opportunity to pocket 3 TPs on this trend.
🔹Hello traders, Let's review and go over analysis and strategies for CHF / JPY As you can see, prices ben in this Channel Band for some time now. And within that Channel band has been formed a. Counter trend line which I'm expecting a pull out of this. Channel Band and up to the counter trend to go back to down to the weekly high and a continuation in its past...
Is CHFJPY exhausting at strong resistance level? As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 170.40 followed by 169. What you guys think of it?
CHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 169.142 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 167.923 which is a level that aligns with the 38.2% Fibonacci retracement level and sits under a pullback support. Take profit...
CHFJPY has recently formed a rising wedge pattern, and there is now a breakout occurring at the lower boundary. This breakout is anticipated to lead to the formation of a corrective leg, with the potential for a retracement back towards the 50% level of the current bullish trend. Additionally, the 50% level aligns with a significant key zone, providing a...
👆👆👆 #USDCHF UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USDCHF. USDCHF is exactly on the way to our main target . Already 100Pips+ gain so far. Keep in touch we will update further soon. Always trade with Confidence.
CHFJPY Price is currently in a 4H Uptrend channel. It is hovering near the 170.000 psychological level, as well as the 4H Demand. I will be looking for entries the moment price taps into the 4H Demand and forms a bullish rejection at 169.300 - 169.600. I expect price to continue heading its way upwards to the 172.000 psychological level, following the channel.
Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. My point of interest is if price rejects from bullish order block + institutional mid figure 169.500. Like, comment and subscribe to be in touch with my content!
#CHFJPY Buy Idea ..............................................................................
The price of CHFJPY will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
My dear friends, My technical analysis for CHFJPY is below: The market is trading on 170.94 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 169.87 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
Swiss Franc vs Japanese Yen Analysis By completing 5 rising waves, the market is in an important resistance range Also, a negative divergence can be seen in the rsi indicator, which means that we are likely to be at the price ceiling and the market can enter a correction and collapse. The price being below 169,200 is a confirmation for the fall First support...
A breakout of the resistance , am now waiting for the retest of the resistance then I will be looking for long opportunities, after Japanese Yen did show some weakness today will see what is going to happen next.
H1 - Bullish trend pattern followed by a pullback. No opposite signs. Until the two strong support zones hold I expect the price to move higher further in the short term.
CHFJPY price is in the important resistance zone. 169.81-170.42 If the price cannot break through the 170.42 level, it is expected that there is a chance that the price will reverse to the downside. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
CHFJPY is technically bullish on its 1D timeframe (RSI = 60.353, MACD = 0.670, ADX = 36.092) but the picture is more efficiently depicted on the 1W chart where it has already completed three straight green weeks. The 1W RSI points to a multimonth rally comparable to those that started in May 2022 and March 2023. Both peaked at a little over +18.00%. This time...