CHF/JPY Down 28 Pips Over Past Hour; Moves Up For the 4th Day In A Row

Hourly Update

(Last Updated June 22, 2022 1:40 GMT)

Currently, CHFJPY’s rate is down -2770 pips (-0.2%) from the hour prior. The hourly chart shows that CHFJPY has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on CHFJPY. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

CHFJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

CHFJPY is up 62 pips (0.44%) since the day prior (opening today near 140.13), marking the 4th day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, CHFJPY ranked 8th the day prior in terms of percentage price change. Below is a price chart of CHFJPY.

CHFJPY

CHFJPY Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.

The View From Around the Web

Of note is that traders in aggregate have opinions on CHFJPY, with 2 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 0.5, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

My trading set up for CHFJPY OANDA:CHFJPY I may use different entry points and stop losses Take TP1 and move SL to BETrade ar your own risk, I’m not a financial advisor