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Chfjpylong

CHFJPY - Bullish BiasCHF - BULLISH 1️⃣ The CHF benefited as the coronavirus pandemic continues to have a strong adverse effect on the economy. JPY - BEARISH 1️⃣ Tokyo confirmed Sunday 313 new Covid-19 cases amid growing signs of a rebound in infections also in other areas, after a state of emergency ended throughout Japan almost a week ago. ===== Technical ===== We are looking to buy the CHFJPY at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CHFJPY Moving Back to Test 261.8% Fibonacci Level!!!Looking at CHFJPY, we can see great confusion on recent candles. However, we see a failure to break 117.62 resistance level. Using candlestick pattern, we will like to see a higher or equal level close today to confirm our position. However, I am leaning towards seeing a equal or higher price close from previous day opening price. If so, I will be expecting price level to break out 117.62. Thus, today's candle seems more of a candle where BULLISH strength is building instead of a change in direction for this pair. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
4
Waiting for a buy on CHFJPYThough price hasn't gotten into my level, might probably miss this trade because markets already showing a bullish signal but I can't enter the trade until it meets my criterias. But if you can withstand huge drawdowns or you want to confirm my analysis with yours, I'd drop my confluence below. *Market is in an Uptrend. *Falling wedge(Bullish signal). *Rested of the breakout(healthy chart pattern). And the last confluence would be the entry reason. Feel free to criticize my analysis, we are all learners. 'Do not blindly buy CHFJPY based on my confluences and do not enter the trade if my analysis is against yours.'
Long
by T-B-X
2
CHF/JPY - Range opportunityOn the daily chart , the market reached the historical resistance zone and was unable to break through. After the rejection, the market reached a support zone and then got stuck in a range. In the range, we can see the formation of a double bottom with the possibility of an upward movement to retest the historical resistance area . If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis . Write your opinion about it in the comments. I would like to discuss this with anyone. This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situation.
Long
by GetSet
CHF/JPY could PUMP NOW!Hey tradomaniacs, The market is really choppy looking at equities. It looks like the tec-hype is currently over as we see a suffering Nasdaq, while indicies with a worse performance last year are rising (DAX30). This is causing a mixed cashflow and so a little bit of chaotic forex-market, which is testing our patience. I`m currently looking for CHF-Trades as there is still much uncertainy in the market which is likely to look for safe havens such as Bonds, JPY and CHF. Since YIELDS continue to rise, a BOND-DEAL is still very risky as new distributed bonds are providing more profits with rising yields, which is by the way why we have this inverted correlation. JPY and GOLD/SILVER are bad alternatives to bond as there are suffering due to the rising yields. A good alternative would be CHF and I expect it to move up soon if uncertainy continues. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
5