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JPY (Japanese Yen)

CHFJPY Trading Ideaased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
Is the Top In ?? Time For the Monthly Reversal ?This is a follow-up to the idea I presented last month regarding this pair being severely overbought on longer timeframes. The existing price action strongly suggests that a downward cycle is imminent. Here's my rationale. In the past three weeks, each weekly candlestick has initially surged to new highs before experiencing a significant selloff in the second half of the week. The 166 level is proving to be a key High Time Frame (HTF) resistance level, with sellers ardently defending this level. See the chart below for the visual When we look at the daily charts, reversal indicators become even more prominent. It appears we have now entered a distribution cycle , a sideways movement often seen following a long rally in price. This cycle is more easily identifiable on shorter timeframes, but its appearance on a daily chart strongly points to an impending downward move. The daily charts show the distribution trading range between 164.5 and 166.3. A decisive break and close beneath 164.5 would serve as a conservative entry point for traders. Additionally, my TRFX indicator has just signaled its first daily sell alert in quite a while. This is a high-probability indicator for me and prompts my re-entry into the market. There's a possibility for a minor rally up to the 165.5 level, but I anticipate a substantial sell-off to occur, targeting the 158.7 level which marked July's low. This trade is expected to unfold in the weeks leading up to the next Bank of Japan (BOJ) meeting. The potential drop could provide an entry point for buyers eyeing another upward push. However, given the extreme overbought conditions evident on the monthly charts and now we are approaching the last Quarter of the year, we might see a deeper correction down to the 150 level, a prior monthly high, which could spark profit taking over the coming months. This becomes more likely if the 158.7 level gives way. I will hold this trade as the profit potential is huge and given the reasons above anyone buying at these highs should be very cautious as the higher timeframes looking to be pointing to large players positioning for a downward move. Let's see how it unfolds.
Short
by TheFxAce
27
CHFJPY Holding the 1D MA50. Bullish until broken.The CHFJPY pair is trading above the 1D MA50, holding it tightly for the past 10 days. Technically that is the long-term Support trend-line since March 29, while the long-term pattern has been a Channel Up. As long as the price is trading above the 1D MA50, we are bullish, targeting 171.000 (+8.00% increase). If the price breaks below the bottom (Higher Lows trend-line) of the Channel Up, sell towards the 1D MA200, targeting 155.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
CHFJPY H4 | Falling to multi-swing-lowCHFJPY is falling towards a multi-swing-low pullback support and could potentially bounce off this level to climb higher. Buy entry is at 164.096 which is a pullback support. Stop loss is at 163.400 which is a level that aligns under the 78.6% Fibonacci projection level. Take profit is at 165.457 which is a recent swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
CHFJPY H4 | Falling to pullback support?CHFJPY could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 164.259 which is a pullback support that aligns with the 78.6% Fibonacci projection level. Stop loss is at 163.800 which is a support level that aligns under a confluence of Fibonacci levels i.e. the -27.2% expansion and the 100.0% projection levels. Take profit is between 165.15 and 165.419 which is a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
Monitoring CHFJPY Sell StrengthIn my previously published idea, I expressed by bearish opinion on $FOREXCOM:CHFJPY. Looking intraday at the 4-hour timeframe, my bearish sentiment has weakened. The current 164.5 lower boundary maintains an unclean hold. However, this latest price breach lower was rather weak. After price crossed below this level, it quickly traded above it within the next 4-hours rather easily. To me, this is an indication that there is more buying pressure holding price supported. I am not a fan of this if I were to maintain my bearish sentiment. For the time being, I will continue to monitor the price action on this pair.
by FinancialGamblR
CHFJPY H4 | Rising into 78.6% Fibo resistanceCHFJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 165.734 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level Stop Loss: 166.581 Why we like it: There is a multiple swing-high resistance Take Profit: 164.040 Why we like it: There is a multiple swing-low support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
High Probability Reversal On CHFJPYI continue to focus on structural moves on higher timeframes. This is another setup I identified, and here's a breakdown of how I derived my downside bias. FOREXCOM:CHFJPY has been in an uptrend since January 2023. It topped out on August 21st of this year. Price retests the high and fails to break higher. Just a day after price retests the daily high, there was a large selloff. This is the first sign that buying volume is becoming more and more insufficient in propping price higher. Now that I plotted upper and lower range bound levels, price broke below the 164.719 level in the previous session close. In the current session, price is continuing to trend lower, which further supports my bearish bias.
Short
by FinancialGamblR