Make a short on the CHFJPY could to be a nice idea in a period of high volatility , in fact this pair appear market neutral because both currencies are so called safe heaven . Then you can gain some points from the swap overnight ( or at least don't loss money) and at last on historical basis the CHF appear in overbought so it have room for a large decline
Community Blog
CHFJPY
The CHFJPY , after the failed attempt to breach the static resistance placed to 118 entered in a bearish trend . A trend that continue after the fading by the last bounce, the pair now is below the moving average of long period and the RSi oscillator is to 48
I foresee an acceleration of this trend , that in my view should reach ( and breach) the first support provided by the Fibonacci expansion and later go ahead toward 100% level ( my target)
I foresee an acceleration of this trend , that in my view should reach ( and breach) the first support provided by the Fibonacci expansion and later go ahead toward 100% level ( my target)
Exchange rate for CHFJPY for the 3rd of September
Tools Used
Daily Chart
- Horizontal and vertical lines
- Support and resistance lines
- Chart Pattern
Daily Chart
This week ...
This week there will be the interest rate decision by the SNB ( Swiss central bank) that should maintain the interest rate to -0.75 because the inflation remain very weak while the Swiss franc is still overvalued despite a recover by 6% in the last 12 months . In every case the best pair for bet on this event should to be CHFJPY , so a short on the CHFJPY could to be a good trade for start this week
CHFJPY
The CHFJPY , after a couple of failed attempt to breach the static resistance placed to 118.5 , is went below to the moving average of long period ( 200) . In the latest period there was a bounce that caused an overbought situation , as show the stochastic oscillator .
Such set should anticipate n a further decline , in this case , considering the contest's deadline , the S3 support provided by the Woodie pivot point seem to be a nice target for the pair .
Such set should anticipate n a further decline , in this case , considering the contest's deadline , the S3 support provided by the Woodie pivot point seem to be a nice target for the pair .
04062018 | CHFJPY SHORT TRADE
Hello, my dear friends and the fellow community members.
I have entered the chfjpy short trade after confirmation on 4H chart. The pair made a bearish pinbar at the upper Bollinger band. I have moved my Stoploss to breakeven. I am targetting the 109.79 level in this trade. The following chart explains everything.
Happy trading to all.
I have entered the chfjpy short trade after confirmation on 4H chart. The pair made a bearish pinbar at the upper Bollinger band. I have moved my Stoploss to breakeven. I am targetting the 109.79 level in this trade. The following chart explains everything.
Happy trading to all.
01062018 | CHFJPY
Hello, my dear friends and the fellow community members.
The CHFJPY seems to be overbought on 4H chart. So I am looking for an opportunity to go short with the stop loss above 110.978. The attached chart displays the setup I am talking about. The targets will be the recent lows at 109.76.
Happy trading to all.
The CHFJPY seems to be overbought on 4H chart. So I am looking for an opportunity to go short with the stop loss above 110.978. The attached chart displays the setup I am talking about. The targets will be the recent lows at 109.76.
Happy trading to all.
CHFJPY
After failed to breach the static resistance to 118.123 ( green line) the CHF/JPY fell below the moving average of long period ( 200) a clear signal of bearish trend
At this point a further decrease appear unavoidable , as confirm the Aroon oscillator ( Aroon Down 92) . My target is the static support placed to 103
At this point a further decrease appear unavoidable , as confirm the Aroon oscillator ( Aroon Down 92) . My target is the static support placed to 103
CHF/JPY
Instrument: CHF/JPY
Cel: 108,000
Prognoza: CHF/JPY z 2018.04.30 na 2018.06.01 12:00 GMT
Cena aktualna:
110,408 (2018.04.30 03:06 GMT)
Cena prognozowana:
108,000 (2018.06.01 12:00 GMT)
Opis:
Prognozowana kontynuacja fazy spadku po odbiciu od linii oporu trendu [1D].
Cel: 108,000
Prognoza: CHF/JPY z 2018.04.30 na 2018.06.01 12:00 GMT
Cena aktualna:
110,408 (2018.04.30 03:06 GMT)
Cena prognozowana:
108,000 (2018.06.01 12:00 GMT)
Opis:
Prognozowana kontynuacja fazy spadku po odbiciu od linii oporu trendu [1D].
CHFJPY
After the second failed attempt to breach the static resistance placed to 118.4 the CHFJPY declined , down to reach the support placed to 112, 5 and then breach it , this event changed the main trend from lateral to bearish
At this point the pair should follow the Channel provided by the Fibonacci Fan and come to 108 for June
At this point the pair should follow the Channel provided by the Fibonacci Fan and come to 108 for June