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Chfjpylong

Possible trend shift in CHFJPY – going longFXCM PLUS Trading Signals The Tidal Shift Strategy has just bought CHFJPY at 114.756. The system recommends entering this trade at any price between 114.594 and 114.918. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -3.733, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.129, so the stop loss has been set at 114.109. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 58761 Time Issued: Tuesday, 11 September 2018 23:00:15 GMT Status: open Entry: 114.594 - 114.918 Limit: N/A Stop Loss: 114.109
Long
by FXCM
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.63 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 110.72 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
1
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.34 (horizontal swing low support, 61.8% Fibonacci retracement ,100%, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 112.05 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.34 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci extension, long term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 112.05 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). RSI (34) is also approaching our support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CHFJPY approaching support, potential bounce! Price is approaching our first support at 110.33 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 111.38 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CHFJPY approaching resistance, potential drop! CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first resistance at 111.38 (horizontal overlap resistance) and a strong reaction might occur below this level pushing price down to our major support at 110.33 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CHFJPY approaching support, potential bounce! Price is approaching our first support at 111.97 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 113.05 (horizontal swing high resistance, 61.8% Fibonacci extension) Stochastic (34,5,3) is also approaching its support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CHFJPY approaching resistance, potential drop!CHFJPY is approaching our first resistance at 113.25 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 112.03 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also seeing a bearish divergence and approaching our resistance where a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CHFJPY approaching support, potential bounce!Price is approaching our first support at 111.31 (horizontal overlap support, 38.2%, 61.8% fibonacci retracement, 100% fibonacci extension) which coincides with our long term ascending support line where a strong bounce might occur pushing price up to our major resistance at 113.15 (horizontal swing high resistance, 61.8% fibonacci extension). Stochastic (89,5,3) is approaching support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 111.31 (horizontal overlap support, 38.2%, 61.8% fibonacci retracement, 100% fibonacci extension) which coincides with our long term ascending support line where a strong bounce might occur pushing price up to our major resistance at 113.11 (horizontal overlap resistance, 61.8% fibonacci extension). Stochastic (89,5,3) is approaching support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
2
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 111.95 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.30 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate support at 111.14 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement might provide the bearish acceleration to our major support level). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 111.95 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support target at 110.34 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). A breakout below our short term ascending support line might provide the bearish acceleration to our major support target. RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 111.91 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement, elliot wave structure) where a strong bounce might occur above this level pushing price up to our major resistance at 112.64 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also seeing a bullish divergence and is bouncing off our major support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
CHFJPY approaching resistance, potential drop!Price is approaching our first resistance at 113.28 (horizontal overlap resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 112.04 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.32 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where price might potentially drop to our major support at 111.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching resistance and we might see a corresponding drop in price if it reacts off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 111.94 (horizontal overlap support, 23.6%, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 113.42 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). RSI (34) is also approaching its support where we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets