ahmedfr

ahmedfr

Pair is trading below 50 and 100 MA and might see support around 200 MA. Currently at midterm daily support. Wait for candle to to close below support and look for short opportunities.

ahmedfr

Pair rejected twice at fib 61.8. It broke below 50 MA and holding. A break in support at fib 38.2 would validate short to next fib levels. Trade safe and set your ATR stop losses to 1-2x.

ahmedfr

Pair broke out of the Ascending wedge giving a bearish bias. Its trending down but finding intraday support at fib 38.2, looks like temporary consolidation for the rest of the week before next leg down. Next level of support seems to coincide with fib 23.6. Long or short always use a stop loss and good luck.

ahmedfr

Pair has given up all its gains from last week and the pump might of been shorts taking profits or shaking out weak hands. Strength to the upside seems to have abated and the pair has retraced 61.8 percent from the AB price drop from August. Currently the pair has found support around 115.70 which was last weeks resistance. A break at this level and the pair...

ahmedfr

The pair has retraced and now stalling at 50 MA and 61.8 fib level. Look for short opportunities at this level with a stop loss of 1.5x ATR. GOOD LUCK!

ahmedfr

Pair has been in consolidation and broke through support. Short it.

ahmedfr

Bearish red engulfing candle last month. This month the pair is still trending downward but its still too early to tell direction. Yen interest rate: -0.1% Swiss interest rate: -0.75%

ahmedfr

Bounced off the 50%fib which also coincides with daily support. If bulls can break and hold fib 38.2% then the pair could possibly be be heading higher. RSI signaled oversold. After two weeks of the pair weakening a much needed bounce was expected. Good luck. Use your stops and calculate your position size accordingly. www.myfxbook.com

ahmedfr

Broke through weekly/daily support and painted a red candle two consecutive weeks. Seems bears are in control. Also note the swiss dollar is weakening against the US dollar and its inversely correlated with the CHFJPY pair. Current bias is short also second wave of covid could further exacerbate the pair weakening. Set your stoploss at 1-2x ATR. Targeting fib...

ahmedfr

Currently at weekly/daily support. Might see a bounce from here and make a lower high but staying in my short until fib 50 and 61.8. Look for short opportunities. Overall the pair is trending down.

ahmedfr

Seems the pair is in consolidation and ranging the past 24 hours. 50 period MA acting as resistance along with RSI yellow trendline. Descending triangle might play out and break to the down side with fib extension targets (green arrows). Look for short opportunities and use 1.5-2x Atr as a stop loss. (ATR - average true range) Good luck.

ahmedfr

ABC fib extension analysis. Bearish Scenario: As of friday close (Sept 18) the pair has found support at the golden ratio 61.8. The pair could further weaken to find support at 78.6 which coincides with weekly support/resistance line. A further breakdown could result in a test of the 200 MA (red line) Bullish Scenario: If the support holds at 61.8% the pair...

ahmedfr

Bullish scenario: 50 MA (gold line ) seems to hold support as it did last week. A bounce from here could retest daily and monthly resistance. Bearish scenario: A break of the 50 MA could push the pair down further to low 114's and ultimately test the 200 MA (red line). Overall the pair has been consolidating since August and direction has been sideways between...

ahmedfr

Trend channel broke. Now approaching the 50 MA which could act as support. Momentum is on the downside and a break of the 50 MA (gold line) support would result in further downward pressure. Next target would be 200 MA (red). A small bounce from the 50 MA could give better short opportunities. Overall Bias is short. Always use ATR indicator for stop loss....

ahmedfr

I have been following this currency pair for a few months now. Bulllish scenario - a bounce from the lower channel and a retest of monthly resistance. Bearish scenario - break and hold of the lower channel could see some downside coupled with a new favourable prime minister could spark interest in the YEN pushing the pair down further.

ahmedfr

Bulls are losing traction as price action approaches MONTHLY support/resistance. Could possibly see some downside this month since last 4 months have been green. Look for short entries between 117.50 and 118.50. Set stops above monthly support/resistance.

ahmedfr

Long term multi-year monthly resistance rejected again. Look for short opportunities in the high 116 area.

ahmedfr

Looking at the monthly and weekly chart you can see its in an downward channel/descending triangle. Look for short opportunities on the daily and 4hr. RSI and MA can help guide you for entry or exit.