СHF/JPY - Page 96
Page 96 of 96 FirstFirst ... 46869293949596
Results 951 to 952 of 952

Thread: СHF/JPY

  1. #951
    The CHFJPY currency pair's trade experienced a considerable drop after investors responded negatively to the dovish attitude of the ECB. Investors fled their funds away from the European Zone Region towards a more stable safe haven such as the Japanese Yen. Although Switzerland is not included in the European zone, but the country is quite dependent on the European Zone Region. The Swiss export economy base is the largest market share in the European Region. When the ECB dovish to raise interest rates and will continue its stimulus program, the Euro will weaken, this effect makes Swiss export goods "look" expensive which makes it difficult to absorb the market. The long-term effect of the Swiss macro economy will be a deficit because of reduced income.

    Technically, the CHFJPY currency pair is currently trading drop and testing the sideways area. If you look at the stochastic indicator which is heading towards the oversold area, project if the price still has the potential to drop towards the lower line blue (109,514), and if the price holds below the trendline navy, then there is a chance to drop further.

  2. #952
    Market conditions that are predominantly bearish provide a sell opportunity, especially from the Head and Shoulders pattern on H4 that awaits a confirmation break. On the Weekly chart, the dominance of bearish prices is indicated by a wave of Downtrends that still continues. The last top was formed at 118.25, and since then prices have weakened until now. Thus, the opportunity to sell is quite good because it is in line with the long-term trend.

Page 96 of 96 FirstFirst ... 46869293949596

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts