Shuael's Blog

Avatar

CHF/JPY in a range, moving up

Situation:
By the long time frame prospective the price is in a range between 113 (support level) and 118 ( resistence level).
As pointed out on the weekly chart, the price bounced several trimes from the 113 level.
The same happened at the end of november.
My expecation is for the price is slowly reach the 118 level
Expected rate: 117.100
Weekly chart:
On the weekly chart i pointed out the main support and resistence levels and the areas where the price reacted to those.
Daily chart:
on the…
Read full story
Translate to English Show original
orto leave comments
Avatar

CHF/JPY Prediction 1st of July

Weekly chart:
On the weekly chart we are near an important support zone from which i expect the price to retrace.
I also draw a trendline channel in which the price is moving.
Daily chart:
On the daily chart i draw the possible scenario considering also the overall downtrend situation.
Read full story
Translate to English Show original
Shuael avatar
Shuael 30 June

Update: The pair is right on my target right now, let's see where it will be tomorrow

Shuael avatar
Shuael 1 July

Update: Price bounced from 105.00 level, now it's moving down for a retest

orto leave comments
Avatar

CHF/JPY Prediction for the 1st of June

Weekly chart:
On the weekly chart we are near a very long term resistence level. Which i expect the price to respect and then continue it's down move.
Daily chart:
On the daily chart i draw the possible scenario.
I expect the price to retest the previous highs after the support zone was met.
The i expect the price to move further down.
Read full story
Translate to English Show original
Shuael avatar
Shuael 23 May

The price is moving lower, but with a weak momentum

orto leave comments
Avatar

CHF/JPY first down then up to 125.987

General:
The pair is in a general up trend, but after the big up move the price is returning down to the previous levels.
Expected rate of the pair for 1st of May: 125.987
Support: 112.246; 119.180
Resistence: 125.987
On the weekly chart:
On the weekly chart i pointed out some important trendlines and the main up trend
On the daily chart:
On the daily chart i used the trendlines i found on the weekly chart and some important support /resistence levels in order to draw a possible price action.
Read full story
Translate to English Show original
orto leave comments
Avatar

CHF/JPY down to 116.847

General:
As you can see from the weekly chart the pair is in a main up trend, but after the fast move the price is traying to return in a "normal" state. For this reason i think that it will go down.
Expected rate of the pair for 1st of April: 116.847
Support: 114.737; 118.620; 124.407
Resistence:
On the weekly chart:
On the weekly chart i just pointed out the main uptrend
On the daily chart:
On the daily chart i draw the possible move of the price for the reasons i described
Read full story
Translate to English Show original
orto leave comments
Avatar

CHF/JPY down to 119.4400

General:
The pair is in a strong up trend on the daily chart, but there are some signals of weakness of the trend. as a very strong bearish candle , which means that a possible retracement can began.
Expected rate of the pair for 2n of January :119.4400
Support: 121.240; 119.440
Resistance: 124.150
On the weekly chart:
On the weekly chart the price couldn't pass the resistence level around 124.150, after that the price was pulled back.
On the daily chart:
On the daily chart i used fibonacci…
Read full story
Translate to English Show original
orto leave comments
Avatar

CHF/JPY up to 114.130

General:
The pair hit an important support level, around 112.200 , this is the 3rd time in a row. In this way it formed a possible triangle pattern on weekly chart.
Expected rate of the pair for 1st of December : 114.130
Support: 112.200
Resistance: 113.390; 114.680; 116.7400
On the weekly chart:
On the weekly chart i pointed out the possible triangle pattern. Also the important support level around 112.200
On the daily chart:
On the daily chart, the price should go up till meeting the trend li…
Read full story
Translate to English Show original
orto leave comments