CHFJPY
1. Price Formation: The price has broken out from a falling wedge price formation on a daily chart. It has further formed a Reverse Cup and Handle formation and has broken out of the brim
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average is below the Price.
4. Thus, Mas 7>21>200
5. Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6. Price Target: 175
1. Price Formation: The price has broken out from a falling wedge price formation on a daily chart. It has further formed a Reverse Cup and Handle formation and has broken out of the brim
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average is below the Price.
4. Thus, Mas 7>21>200
5. Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6. Price Target: 175