CHF/JPY Trade Ideas

For Traders Forex Analysis Trading plan 12.10.202112:58 Forex Analysis & Reviews: Trading idea for CAD/JPY and CHF/JPY Relevance up to 09:00 2021-10-26 UTC+2 Although the recent rally in USD / JPY is a pot of gold, not everyone was able to participate in it. But traders can st...

CHF/JPY retraced 61.8% of its August-September decline, corrected down, formed a higher low above the 100-day MA and now seems eager to rise to the 78.6% Fibonacci level at 116.90. The Awesome Oscillator is turning up from the zero area, so there is plenty of scope for the advance. Trade idea for CH...

CHF/JPY has been declining since the middle of January. It went down, as the yen was the number one safe haven after the outbreak of the coronavirus in China. The pair descended to the support line from November-December just above 112.00. In the short-term, we’ll likely see a pullback to the upside...

Trade idea SELL 108.35; TP 108.00; SL 108.50 CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85. The pair has already violated the short-term support line from October lows when it slipped below 108.60. The further decline belo...

Trade idea BUY 107.60; TP 108.05; SL 107.40 Have a look at the chart of CHF/JPY. The pair found support at the early September lows in the 106.85 area. The bullish divergence with the Awesome Oscillator on the W1 indicates that this support may hold for some time. “Harami” on the D1 and the price ac...

Trade idea BUY 109.00; TP1 109.30; TP2 109.60  CHF/JPY formed a “bullish engulfing” pattern on the W1. On the smaller timeframes (D1 and H4), the price action very much resembles an inverted “Head and Shoulders” pattern. To aim for the bullish targets, the pair needs to overcome the resistance in th...

Trade idea SELL 108.57; TP 108.05; SL 108.85 CHF/JPY has recently broken below the support line from May lows. On Tuesday, the pair tried to revisit higher levels but ultimately closed near the day’s low forming a candlestick with a long upper wick on D1. This means that sellers seized control and m...

Trade ideas: SELL 108.60; TP 108.25; SL 108.75 BUY 109.15; TP 109.40; SL 109.05 CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area. That is a likely scenario as the yen seems like the stro...

Trade idea BUY 110.90; TP 111.80; SL 110.65 CHF/JPY has been consolidating within a pennant formation since February. The pair is currently at the support levels. Stochastic Oscillator on H4 shows that it’s oversold. As a result, it’s possible to expect the CAD turn higher aiming at the top of the t...