Price is approaching our first resistance at 113.28 (horizontal overlap resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 112.04 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching our resistance and we ...
CHFJPY is approaching our first support at 112.27 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 113.52 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with ...
CHFJPY has broken the flag formation that I have been watching and is making it's move. I expect price to reach the top of the larger structure. This should play out by the end of the week if we don't see any changes in the structure formation.
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Linton
CHFJPY is approaching our first resistance at 113.32 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where price might potentially drop to our major support at 111.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bearish divergence and is approaching ...
As you will see on the attached idea we have entered a Long Trade at 111.900 and we have reached our first target.
The price is likely to hit the second target. Break and close above 112.500 is another Long opportunity and the pair is likely to hit 112.900.
At 112.900 we will close our positions and wait for the daily closing to decide about the direction. We ...
CHFJPY is approaching our first support at 111.94 (horizontal overlap support, 23.6%, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 113.42 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
RSI (34) is also ...
CHFJPY is approaching our first resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement, short term ascending support line) ...
FX:CHFJPY on daily is forming an ascending triangle. Yesterday price went through the triangle up-trend line but It didn't closed below which is a good sign!
If everything goes well my entry on this one will be around 111.800 and will be exiting around Technical Traget. Keep in mind that is always better to miss some pips and wait for the conformation! The same ...
Price is approaching our first resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement, short term ascending support line) ...
CHFJPY is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.28 (horizontal swing low support, 100% Fibonacci extension). A breakout below our intermediate support at 111.04 (horizontal ...
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 ...
CHFJPY is approaching our first support at 110.26 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension).
RSI (55) is also approaching ...
Price is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is ...
CHFJPY is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is ...
Price is approaching our first resistance at 111.41 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.24 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our ...
CHFJPY is approaching our first resistance at 111.41 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.24 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our ...
