СHF/JPY - Page 5
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Thread: СHF/JPY

  1. #41

    CHF/JPY Technical Analysis

    Seems to have formed a triple bottom and also triple top, so the line is drawn as a strong support and strong resistance to determine the trend for this pairs, while the movement of these pairs was difficult to determine, because at the Asian session prices provide signals to trend down but the conditions at this price back to the daily pivot area

    The important point to note as daily pivot and daily support and resistant:

    Pivot : 109.13

    Support 1 : 108.87
    Support 2 : 108.71
    Support 3 : 108.45

    Resistant 1 : 109.29
    Resistant 2 : 109.55
    Resistant 3 : 109.71

    chfjpyh1.png

  2. #42
    Repulsed from the top of the channel, the price started to decline and reached the midline of the channel, suggesting the possibility of further decline. MACD turned around and shows an upward direction, indicating that the correction. I assume that the price after the MACD unfold, will continue to fall to the bottom of the channel, which, at the moment, is available at the price of 108.76.

  3. #43
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    CHF/JPY on the hourly chart is still moving inside the uptrend channel and the price is targetting 109.67 which act as the second resistance for technical analysis here. But, if the price turns back down and break 109.17 then it will be continue to touch support 108.86 again.

    chfjpyh1.png

  4. #44
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    The downtrend channel is still active and valid on the hourly chart, but after a rejection from the bottom line and the first technical support of 107.78, so this pair is potential to move up and re-test the first technical resistance on 108.38. However if the price breakdown support then bearish will continue trending again.

    chfjpyh1.png

  5. #45
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    On the H4 chart, prices has been create the new higher low at 107.64 and due to rejection from the bottom line of trend channel and support then this pair is potential moving with bullish trend on the next week trading to reach another barriers at 108.51 or 109.67. Vice versa a down break of support 107.64 will give strong confirmation for bearish trend.

    chfjpyh4.png

  6. #46
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    On the Hourly chart we can see prices still ranging there but a breakout of downtrend channel could be good sign for bullish breakout the technical resistance of 108.38 then gain confirmation there. However if prices moving down and breakout support 107.78 then it give a confirmation for bearish.

    chfjpyh1.png

  7. #47
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    So far chf/jpy is still under bearish pressure and the price position still inside the downtrend channel. But, a rebounce from the bottom line of channel will give a chance for bullish to test upside barrier on 108.38. Moreover a breakout of 108.38 then it will continue to 108.86.

    chfjpyh1.png

  8. #48
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    On the hourly chart we can see prices already rejected by supply area and the top line of trend channel, so it would be move down to touch and test the technical support at 107.53. By the way, if prices breakout trend channel and resistance 108.46 then it give strong confirmation for bullish trending again.

    chfjpyh1.png

  9. #49
    The price reached the top of the channel, as well as the level of resistance, which is available at the price of 108.24, and then started to decline and reached the middle of the channel, suggesting the possibility of further decline. MACD shows a bearish direction. I assume that the price will continue to fall to the bottom of the channel, which, at the moment, is available at the price of 107.68.

  10. #50
    I was just making this chart ready. THis is CHF/JPY pair which i have analyzed in the daily time frame. THere is 2 possibilities , if you look into this chart. One is, triple top formation which would lead downwards (SELL) . And other one is (BUY) "W" formation which could learn market to upward direction but for that resistance which is triple top must be clearly broken.


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