CHFJPY Buy?Let's attempt a slightly more daring trade on the CHF/JPY pair, with a 20-pip stop loss – a modest amount considering the potentially substantial gains. Please refrain from harboring excessive expectations for this trade or similar outcomes. This is meant to be a light-hearted endeavor before the week concludes. Anticipate a potential loss on this trade, so I strongly advise against a significant investment .
To calculate a 1% stop loss of your balance, you use a lot size calculator. RR: 1:8.53
Chfjpylong
CHFJPY - Bullish price action ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional big figure 164.000.
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CHF JPY LONGRisk 0.5%
TP1 = 1:3 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
CHFJPY: Everything depends on JPY NOW!!Dear Traders, hope you are doing great and having amazing weekend. CHFJPY recently in strong bullish impulse price consolidated and extracted taking CHFJPY prices to all time high. We need some strong pullback so that market price structure have some stability.
There are two scenarios, firstly if JPY remains bearish then we will seeing prices going higher and higher. Though, a strong pullback is expected. Secondly if JPY reverse then we can see a strong pullback of 600-800 pips.
GOOD LUCK
CHFJPY - Continuation Higher?Analysis:
Strong upwards trend (bullish confluence factor)
Break and retest of previous area of resistance for support (bullish confluence factor)
50% fib retracement touch (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
CHF is the 7th strongest major currency whereas the JPY is the 8th strongest major currency (bullish confluence factor)
2K short position increase for the CHF (bearish confluence factor)
27K short position decrease for the JPY (bearish confluence factor)
Comments:
Whilst some of the fundamentals go against our bullish thesis, we still have the technicals and some fundamentals pointing to bullishness on this pair. With the majority of the confluences we pay attention to pointing to bullishness and with the setup we see, we have enough confidence to have a bullish outlook on this pair. Only time will tell if we're correct but from what we can see currently, we see price continuing this bullish rally that it's in and heading higher.
Stay Safe - The JPI Team
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
CHF/JPY Strong Multi Bullish TrendsLong Term Trend Bullish
Mid Term Trend Bullish
Short Term Trend Bullish
6D Bar Chart Bullish
CHF/JPY Technical Analysis
Moving Averages:STRONG BUYBuy (
Technical Indicators:STRONG BUY
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 151.80 151.90 152.01 152.11 152.23 152.32 152.44
Fibonacci 151.90 151.98 152.03 152.11 152.19 152.24 152.32
Camarilla 152.07 152.09 152.11 152.11 152.14 152.16 152.18
Woodie's 151.80 151.90 152.01 152.11 152.23 152.32 152.44
DeMark's - - 152.06 152.13 152.27 - -
Moving Averages
MA5 152.05
Buy 152.09
Buy
MA10 151.98
Buy 151.99
Buy
MA20 151.82
Buy 151.89
Buy
MA50 151.75
Buy 151.73
Buy
MA100 151.58
Buy 151.80
Buy
MA200 152.13
Buy 151.67
Buy
Name Value Action
RSI(14) 69.405 Buy
STOCH(9,6) 52.801 Neutral
STOCHRSI(14) 100.000 Overbought
MACD(12,26) 0.100 Buy
ADX(14) 61.492 Buy
Williams %R -3.847 Overbought
CCI(14) 298.5981 Overbought
ATR(14) 0.1507 Less Volatility
Highs/Lows(14) 0.2454 Buy
Ultimate Oscillator 65.464 Buy
ROC 0.296 Buy
Bull/Bear Power(13) 0.5500 Buy
Fundamentals of the Swiss Franc
Whether a currency is strong or weak often depends on what the country’s or jurisdiction’s leading policymakers want it to be. This is largely within the purview of monetary policy run by the central bank who can influence this.
In the case of Switzerland, the Swiss National Bank (SNB) wants a weak franc. It is doing this because it wants to boost inflation to rid the country of its deflationary problems that have plagued it for the better part of the past decade.
So, why is deflation bad?
If monetary policy is run with a deflationary bias, this means you will run an economy that never runs into its capacity constraints – e.g., “full employment”. Some amount of inflation will always be present when this is achieved because of structural flaws in our economic system stemming from imperfect competition, such as monopoly, duopoly, and oligopoly.
Therefore, some amount of inflation will always be present when full employment is truly reached. This is why inflation targeting as a central bank mandate is a no-brainer.
When an economy doesn’t achieve full employment it won’t maximize output. Unemployment as a whole will be high, because companies rarely cut nominal wages. Instead, they tend to lay off labour. People won’t earn as much income accordingly. Spending will decline, cash hoarding will become more common, and GDP – in developed economies, consumption is the majority of GDP – will contract and living standards will decline as a direct result.
Deflation produces permanent economic anaemia as not enough money and credit are being spent on goods, services, and financial assets. These cycles tend to be self-reinforcing. Lower incomes lead to lower spending, which leads to lower capacity to borrow, which produces even lower incomes and spending and overall output in a downward spiral.
Equity markets will remain below their peak with declining incomes and contractive (or insufficiently expansionary) monetary policy. Japan’s deflationary problems that have persisted for nearly three decades has left the country with a stock market that is still approximately 42% below its 1989 peak. This is obviously not good for domestic wealth.
The Swiss National Bank’s Effect
In the hope of permanently fixing Switzerland’s deflationary problems, the SNB has resorted to negative interest rates. This can seem counterintuitive because it means that the buyer has to pay in order to hold short-term debt.
In deflationary environments, it can make sense to hold a negative yielding bond if your real (inflation-adjusted) return is positive. In other words, if the negative rate on the bond is higher than the rate at which prices are declining on goods and services in the economy. It also serves as an incentive to get economic actors to put their money into riskier assets to increase collective returns and create a “wealth effect”. Theoretically, this should also boost spending and investment behaviour.
The SNB’s primary rate-setting mechanism, the SARON (Swiss Average Rate Overnight), is minus-75bps and overnight CHF LIBOR is minus-78 to minus-80bps. This helps stimulate outflows (exports) by working to make the currency cheaper. The Swiss franc becomes less desirable when its rate of return – and the rate of return of the assets that are denominated in francs – is not attractive.
The SNB also does their quantitative easing (asset buying) program much differently than the US Federal Reserve, European Central Bank, and Bank of Japan. Instead of buying domestic assets, the SNB buys outside assets, such as US large cap stocks, to push out liquidity and weaken the franc. When you buy domestic assets, this has the effect of increasing the value of the currency because these assets are what create demand for it. The SNB is doing the reverse process.
As an antidote to the SNB’s moves, traders largely recognize that Switzerland is in relatively solid shape economically. It has a fiscal surplus and large current account surplus. It also has low indebtedness, high wages, and high GDP per capita. This makes the Swiss franc in demand as it is a structurally sound currency.
In strong global economic environments, the franc is often used by traders as the short leg in buying currencies with high interest rates. This is called carry trading. This borrowing dampens demand for it because it is in effect being sold, which decreases its price.
But when the market is weak you often see strong buying activity in the franc because traders unwind their carry trades. These types of trades often involve being long a riskier asset or currency.
The most broadly helpful thing to know about the fundamentals of the Swiss franc is that it serves as a safe haven currency.
This is because its low interest rates make it attractive to borrow in, and covering these borrowed funds during periods of market turmoil means buying activity will take place.
Therefore, many consider the Swiss franc as a market hedge, similar to gold, or else a basic way to diversify a portfolio.
In good times, you will typically see it appreciate relative to positive-carry assets, such as currencies like the Australian dollar (AUD) or the emerging market equities example.
These rates of depreciation in the franc will generally be of a steadier magnitude than the sharp rates of appreciation during market weakness, given contractions tend to be much swifter and volatile than good economic periods.
CHFJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 162.000.
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CHFJPY Looking for BUYCHFJPY is exhibiting a bullish trend on both the daily (D1) and 4-hour (H4) timeframes. It is currently positioned above the 200-period Exponential Moving Average (EMA) and the Volume Weighted Average Price (VWAP), as depicted in the provided chart. After conducting an analysis on the higher timeframes, I proceeded to examine the lower timeframes (H1, M30, and M15). My plan is to initiate a buy trade in the discount area of the H4 swing if the price reaches the demand zone. I will ensure a favorable risk-to-reward ratio (R:R) of more than 1. Additionally, I will keep a close eye on the Relative Strength Index (RSI) to avoid entering when it indicates overbought conditions.
CHFJPY Long Term Trading IdeaHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today CHFJPY analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
LONG - CHFJPY (H4 or H1) (25 May 2023)LONG Trade for CHFJPY
- Got to wait very long for price to retrace back for quality BUY trades as price keeps going up
- Price is currently rallying from 2nd CP zone in Daily TF
- To buy from the only H4 Demand zone nested in Daily Demand, if price retraces back
- Otherwise, to buy from 2 potential H1 Demand zones nested in H4 and Daily Demand zones
UPDATE CHFJPY Target hit at 160.79It was a long hold since April.
The interest expense daily, added up and the profits weren't as high as I wanted it to.
But we kept to our guns and held.
And so, target 1 hit at 160.79.
Now we can expect the price to consolidate and move into a range before the next run up, but you'll be the first to know.
CHFJPY LONG TERM TRADING IDEAHello Traders
In This Chart CHFJPY DAILY Forex Forecast By FOREX PLANET
today nzdcad analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CHFJPY - Bullish price action ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I expect continuation of bullish price action as price rejected from bullish order block from discount zone. I see price to make new higher high.
Fundamental analysis: Tomorrow we have news on CHF, will be released monthly CPI which is forecasted to increase. If the result will be like forecasted it will support our analysis
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CHFJPY top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.