CHFJPY: Important Breakout & Bearish OutlookCHFJPY has broken and closed below a strong horizontal support level on an intraday basis. The highlighted blue area also serves as the neckline of a cup and handle pattern.
This violation could lead to further downward movement in prices.
The next targets to watch for are 171.19, which is the current lower low, and then 170.39.
To enter trades, it is advisable to consider the broken structure.
CHFJPY trade ideas
CHF-JPY Local Rebound Ahead! Buy!
Hello,Traders!
CHF-JPY made a retest
Of the horizontal support
Of 170.870 and we are
Already seeing a local
Bullish rebound so we
Will be expecting a
Further move up and
A retest of the local
Horizontal resistance
Of 172.408
Buy!
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BULLISH BUTTERFLYHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
CHFJPY OutlookAUDUSD -
Yearly -
bearish but away from VA, so a move up north to tag AU's yearly VA is something that we can consider here.
Monthly -
bearish and opened inside last candle's VA so we can observe continued move down here.
Weekly -
bearish but price is set to open out of VA so we can observe a move up to tag that weekly VA before coming back down.
AU can continue going up till it tags 12M candle VA if it wants before continuing down. we have to consider the fact that that VA is on 12m candle so this move might take several months like it did in 2024. (we saw choppy move for the first 3 qtrs and then a dump during the last qtr of 2024 after it tagged feb 2023's POC.
Plan of action will be for me to wait for price to tag the first key area of interest i.e. origin VA and then look for a reaction from there. if I see sellers stepping in then I'll get in on shorts. but if price holds above origin POC on volume then I'll look to go long till it hits our 12m VA before looking to go short from there. this long bias on CHFJPY also come from the fact that BOJ is planning to potentailly cut rates so CHFJPY can just rocket through these levels and hold above making longs more appealing.
CHFJPY Expected Growth! BUY!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 173.20 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 173.50
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CHF/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
CHF-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 175.342 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the CHF/JPY pair.
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Technical Analysis for CHF/JPY📊 Technical Analysis for CHF/JPY 🔥
🔴 Current Resistance:
The level 175.328 - 175.180 represents a key resistance zone, and the price is expected to pull back from this area.
🟢 Support Zone:
Strong support is located at 173.804.
This zone shows strong buyer activity, allowing the price to gain momentum for a potential upward move to break previous highs.
📈 Expected Upside Targets:
1️⃣ First Target:
The zone 177.569 - 177.792.
The price might reverse if it stabilizes below this resistance.
2️⃣ Second Target:
If the price breaks and holds above the first resistance, the next target will be the zone 180.261 - 180.523.
✨ Important Notes:
This analysis is for educational purposes only. 📚
EXPECTED BEARISH MOVEseeing the fact that the market created an eqh after a break of structure then we can clearly see a change of character to the down side then a break of structure to the downside again, i marked out the mitigation block which is directly in line with the fvg then a sell limit order was placed.
seeing the market move in our anticipated direction and broke through the trendline and had a retest we opened another position heading to our overall direction lets see what we have at the end of the day.
CHFJPY: What can increase and decrease CHFJPY?CHFJPY: What can increase and decrease CHFJPY?
CHFJPY can increase from:
Uncertainty about when the BOJ will raise interest rates again is keeping the Japanese yen in a persistent weakness. The BOJ and the Finance Minister have repeatedly expressed their desire to support the economy, but it has been without results. The BOJ is the only central bank with a strange view of monetary policy and the meaningless comments they make.
CHFJPY can decrease from:
If the BOJ decides on the day when it can intervene to raise interest rates, then the JPY will strengthen significantly, aggressively knocking down all currency pairs.
The second scenario that the JPY could strengthen across all currency pairs is if the BOJ intervenes in the foreign exchange market. However, this remains to be seen as they do not have much in mind as an action
Technical Analysis:
The price confirmed a bullish Wedge pattern indicating further growth with targets 174.15 and 174.80
IF the price moves below the red zone from BOJ Comments or interventions then CHFJPY should begin another bearish wave.
So far CHFJPY has a bullish pattern and is the first scenario in play.
Thank you!
CHFJPY Is Going Up! Buy!
Take a look at our analysis for CHFJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 172.885.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 173.784 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CHFJPY is in the Buying Direction testing major support levelHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
RE: CHFJPY MARKET ANALYSIS AND PRICE PREDICTIONI, dropped this analysis about CHFJPY last week, i said price will retrace to fill up the imbalance and give the Bull a perfect entry at 61:8% discount at the order block. Its Time to Enter. I Just did!
Entry, Take Profit 1&2 and stop loss are clearly marked out on the chat.
GOOD LUCK GUYS!