CHFJPY
Timeframe: H4
Direction: Long
Confluences for Trade:
- Strong Bullish Engulfing Candle
- Break of Trendline in H4 (Established since Sept 2018)
- Hovering around 50% Fibo levels of previous uptrend move
- Narrowing gap between 8EMA and 50EMA
- SL Levels is placed below the M/T Trendline (since May 2018) and 61% Fibo levels of previous uptrend...
Stocks across the New York market, the European and Asia market plunges, especially the U.S. stocks which seen plunged the most yesterday.
This in itself means an increase for safe haven asset, and certainly, we have seen the yen rallied, followed by Swiss Franc.
The dollar is seen having trouble again to dominate the bull market as it found strong resistant at...
COP riding the cheap energy supply of LNG with technology and gas sales (LNG, CNG).
Looks like good buy based on trend and MACD for next year for those looking for safe haven. Dividend could be 4x higher. 1.5% Dividend
LNG DLNG SHI NEXT TELL CLNE
LNG expands to 600 x its volume to make natural gas, so as compressed liquid cheap to transport provided...
Talk about the safe haven FX pairs. The JPY, CHF & GOLD have long been carrying these characteristics. Here we focus on the JPY & the USDJPY pair. Recently everything in the market is being USD driven! and looking at this pair, it has been so much vulnerable to the fundamental factors affecting the USD such as the ongoing trade war and the FED rate hike...
The JPY and the CHF are both well-established safe havens and from time to time other currencies can exhibit safe haven behaviors.
In 2017, this was periodically true of the EUR. That said, this year’s return of concerns about Italy’s fiscal restraint is a reminder that the Eurozone’s crisis years are too recent to allow the single currency to adopt the mantle...
This symbol features the Australian Dollar - Swiss Franc cross pair. While less popular than the AUDJPY cross, the AUD/CHF has similar characteristics in that it can be used as a carry trade. Some may also view this pair as a reflection of risk sentiment due to the risk-on nature of the Australian currency and the safe-haven characteristics of the Swiss...
This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil. In practical terms, this makes it...
Observing the 4 HOURS charts on this pair it seems the price is confined in a long term channel which also reflects on the daily charts. A break of channel both on the daily and 4 hour charts would confirm a possible move to the downside targeting the crucial support of 107.800 level!
To add to the list of the confluence factors on the daily time frame the RSI...
As we can see, the volatility is really thin today as traders are waiting for the NFP figures. Gold is also stuck in a narrow range of $1,251 - $1,259. Probably we will see a breakout on NFP. So brace yourself!
Stay tuned for more updates.
Let’s keep an eye on $1,246. The idea is to take buying positions above it for 30/40 pips. While sell entries will be preferred below $1,246 to target $1,242. Good luck and stay tuned for more updates.
Gold has a very strong support near $1.246 today. I will be looking to stay bullish above $1,246 to target $1,252, while selling entry will be preferred below $1,252. Good luck and stay tuned for more updates!
We are in sell below $1,296 with a stop above $1,299 and a take profit of $1,293. I will be looking to buy above $1,290 later today. Keep following for more details..
The idea is to buy above $1,295 and sell below $1,305, with a stop loss of 30 pips and take profits on 50 pips. Outside this range, we can set the buy stop above $1307 and sell stop of $1,294 to target 50 pips. However, it’s a risky strategy if we get mixed data today.
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In the late Asian hours, we opened a forex trading signal to buy gold above $1,303 to target $1,306 with a stop below $1,300. Follow us for more updates on Trading Signals...
It won't be rational to open any call before the news today. However, if you really want to trade, It's recommended to trade the range.
Sell below $1,307
Buy above $1,295
