mrmoney limited CHFJPY swing trading ideaprice has has aproached our support zone and we are expecting a bullish move after a shift in market structure
About Swiss Franc / Japanese Yen
The Swiss Franc vs. the Japanese Yen. After reaching its low in 2008 this pair has steadily traded higher mainly due to aggressive Japanese monetary easing. Also, due to low interest rates and different financial properties these currencies are considered to be safe haven and funding currencies.
Related currencies
CHF/JPY: Bearish Outlook ExplainedCHFJPY appears to be showing bearish tendencies following a test of a significant intraday resistance level.
The price has broken and closed below the support of a rising wedge pattern, and we are observing considerable bearish pressure this morning.
It is possible that the price may soon reach
CHFJPYStructure & Trend
The pair has been in a general uptrend, respecting an ascending channel.
Price recently broke below the mid-trendline, showing early weakness.
A strong bearish candle formed after the “TRAP” area, indicating a possible bull trap at the highs.
USDCHF LDN OpeningPlaced the trade when USDCHF closed in the p.line zone and anticipating a reversal.
CHFJPY: Overbought Market & Pullback 🇨🇭🇯🇵
CHFJPY finally leaves some reversal clues.
I see a confirmed breakout of a daily support with
a high momentum bearish candle.
I think that a correction will continue and the price
will drop at least to 192.75 level
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CHFJPY Risky Counter-Trend TradePrice retested a triple top neckline at (194.451-194.017) and was rejected strongly at the zone forming bearish engulfing candle
CHFJPYThis analysis is based on the same thing as my previous analysis of Cadpy regarding the 1D price slowdown as a fundamental reason to enter the market in a bullish manner.
CHF/JPY SHORT FROM RESISTANCE
CHF/JPY SIGNAL
Trade Direction: short
Entry Level: 194.028
Target Level: 193.160
Stop Loss: 194.608
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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CHFJPYhe next potential buy scenario of the pair. The sell side was taken. We need the buy side. Our target is the previous weekly hight.
Good luck.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of CHFJPY is 194.089 JPY — it has decreased by −0.08% in the past 24 hours. See more of CHFJPY rate dynamics on the detailed chart.
The value of the CHFJPY pair is quoted as 1 CHF per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 CHF.
The term volatility describes the risk related to the changes in an asset's value. CHFJPY has the volatility rating of 0.51%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CHFJPY showed a −0.68% fall over the past week, the month change is a 1.39% rise, and over the last year it has increased by 13.19%. Track live rate changes on the CHFJPY chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CHFJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CHFJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CHFJPY technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CHFJPY shows the buy signal, and 1 month rating is strong buy. See more of CHFJPY technicals for a more comprehensive analysis.