CHF/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 176.199 level.
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CHFJPY trade ideas
CHFJPY JUNE 2024 WEEK 4 OUTLOOK -
Daily - @mar10janicafx . @ryantopp will attest, this move on CHFJPY moves awfully like the one we saw in 2021. whenever this like to go, CHFJPY moves clean. still looks good to buy on small pulls (if any). move is supported by good volume and so I won't shy away from taking stabs at it.
Origin - as long as it stays above **178.632** it looks good to run north. any open position needs to be cut short as price comes near previous ATH. also, never take first stab at longs when price tags a fresh ATH for the first time. second tag is good to take a stab at.
CHFJPY JUNE 2024 WEEK 4 OUTLOOK -
Daily - @mar10janicafx . @ryantopp will attest, this move on CHFJPY moves awfully like the one we saw in 2021. whenever this like to go, CHFJPY moves clean. still looks good to buy on small pulls (if any). move is supported by good volume and so I won't shy away from taking stabs at it.
Origin - as long as it stays above **178.632** it looks good to run north. any open position needs to be cut short as price comes near previous ATH. also, never take first stab at longs when price tags a fresh ATH for the first time. second tag is good to take a stab at.
CHFJPY: Time to Sell?!📉CHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout.
To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level.
I anticipate that the price will soon decline to the range of 117.87 - 177.60.
CHFJPY - BUY - It's Not Gona Stop + 80 pips
Today, June 20, 2024, the Swiss National Bank (SNB) announced a reduction in its policy interest rate from 1.50% to 1.25%. This decision reflects concerns about slowing economic growth and inflation pressures. The rate cut is intended to stimulate economic activity by making borrowing cheaper, which can boost spending and investment.
Key points regarding the SNB's rate cut:
Economic Growth Concerns: The SNB's decision to lower rates indicates ongoing concerns about the Swiss economy's growth prospects. Lower interest rates are designed to encourage borrowing and investment, which can help boost economic activity.
Inflation Management: The rate cut also aims to address inflation dynamics. By reducing interest rates, the SNB hopes to counteract deflationary pressures and ensure inflation remains within the target range.
Currency Impact: The rate cut is likely to weaken the Swiss franc, making Swiss exports more competitive. A weaker currency can help boost the export sector, which is a significant part of the Swiss economy.
Global Context: This move aligns with actions taken by other central banks facing similar economic challenges. Lowering rates is a common monetary policy tool used to stimulate growth and manage inflation.
Return to previous Level 90% S/R
Long Tern Daily Monthgly since 2020 - UP
For more details, you can check the SNB's official announcement and Investing.com analysis.
SWISS ABOUT TO REVERSE? CHFJPYTomorrow morning there are important news regarding Swiss interest rates. I was looking for a good setup on a CHF pair, and CHFJPY looks good for a short. I think we could see a bullish spike to liquidate shorts, then it can reverse and drop touching the main support zone at 177.00
How Forex Pairs Correlate With Each Other And How To Trade ItForex pairs correlate with each other if they are closely linked.
They also correlate with economic climates and commodities.
Understanding this allows you to reduce exposure in one direction in your portfolio and diversify for safety.
Here's how.
CHFJPY I Yen remains weak however expect a potential pullback Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
CHF JPY due for a pullback?Hi guys,
The CHF JPY has again made a strong move to the upside, as it has been doing for the best part of two years now. Price is heading towards an area where we may get the chance to find some LTF sell setups.
The dashed black line above the chart represents the 1.27 retrace of the latest swing low to high daily and previous swing low to high daaily... i.e the last two correction lo to hi retracements of 1.27 and 2.0 respectively, which both are pretty much at the same price level.
There is also a harmonic butterfly bearish pattern that will be complete at 1.27 retrace point, coinciding with the fib price levels.
The CHF JPY is also showing big divergence on RSI heading into this area and is pretty well extended from all its key MA's ( The MA's on the chart are the 20 50 and 200 daily MA's.)
Waiting for a trendline break or double top, engulfing candle etc on LTF or a lower low on RSi and retest of downward trendline could present with nice risk to reward trade from this level.
Safe trading all.
CHFJPY Trend Continuation Trade - 2nd EntryCHFJPY Trend Continuation Trade - 2nd Entry
1. Weekly Uptrend
2. Nice bullish candles build-up
3. Structure HH-HL-HH-HL
4. Trend Following Indicator confirmation
5. BUY/SELL Indicator confirmation
6. Strong CHF Environment
7. 2% Risk, Nononsense Trade Management - VP THANKS!
8. 1,5 Daily ATR Stop Loss
9. 1 Daily ATR Take Profit and then Break-even
10. Exit on reverse candle/exit indicator signal/Break of Structure
CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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