
Thread for СHF/JPY discussion - latest news, technical analysis, forecasts and opinions.
Thread for СHF/JPY discussion - latest news, technical analysis, forecasts and opinions.
Nothing personal, rules only.
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Received: 85 Given: 14 |
Just checked and analyzed the CHFJPY in the h4 time frame as well as daily time frame. In h4 its looking like there is an emerging Head and Shoulders pattern forming. While in daily there is an outside bar. My trading view for this pair would be on selling side.
Selling Manually Near: 109.5 - 109.75 Region
Stop Loss: 110.52
Tp1: 108.5 , tp2: 107.5
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Received: 8 Given: 1 |
chfjpydaily.png
Daily chart of CHF/JBY shows that after price has rejected lower price at 1.6.80 at two consecutive days and then after the formation of inside bar,market go much higher than expected and still has tendency that it will go more up because no rejection shows from the market..
price action has just complete a retracement for this pair and resumption in bullish movement is likely to seen soon,support for this pair is located at 110.40 while resistance is at 110.89 a break of support will signal an end to bullish movement for the pair but if resistance is broken that mean bullish movement continue for the pair.
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Weekly technical analysis of CHF/JBY shows that there is still strong uptrend is going on this pair, and still there is no sign of downtrend from the weekly chart,so traders should look buy signal on daily chart to trade with the uptrend..
chfjpyweekly.png
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Daily pivot point of CHF/JBY is 111.262 and trend on this pair bullish because all jby pairs are week from last few weeks,but H1 chart shows that price after testing daily resistance 1 is moving down because it can not break it,so traders should look to buy this pair at pivot point to trade with the market trend..
chfjpyh1.png
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Daily pivot point of CHF/JBY is 11.607 and daily market trend on this pair is after the rejection of market yesterday looks bearish on daily time frame,H1 chart also shows that market is testing daily pivot point and then turn down,so traders should not look to buy this pair for longer term..
chfjpyh1.png
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Daily PIVOT POINT OF CHF/JBY IS 111.581 and daily trend of market on this pair is bullish,H1 chart shows that market at this time testing daily resistance2 and has tendency to go resistance3,so any retracement from resistance proves to be a good entry for traders to trade with the market trend..
chfjpyh1.png
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Received: 85 Given: 14 |
This is chf/jpy chart analyzed in the monthly time frame.
You can already see that main trend is up from so many months and still its going up and up and up and up. MaCD is also going up and up . ANd stoch is also breaking all the regions and facing up and up.
Maybe we can sell with high where the trendline is matching and also there is a good resistance as well there. Please keep this chart in mind.
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Analysis of CHFJPY the trend was UP last day, the main support points was at 112.16 and 111.85 while the main resistance points is located at 112.76 and 113.07 so you can buy at any support or sell just at any resistance according to your own favorite trend direction.
CHFJPY.JPG
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the CHFJPY pair have a UP trend the last day and according to the Pivot points that located near the current price it is seems to have 2 scenarios if the price breakes the support level at 111.77 then it may full down till it reaches the next support level at 111.07 but if the price goes up and close above the resistance level 112.87 it may touch the next resistance at 113.27
CHFJPY.JPG