CHFJPY

(Last Updated September 22, 2020)

Welcome to the news page for CHFJPY (CHFJPY). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

A trend/countertrend situation exists on CHFJPY, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.

CHFJPY Moving Averages

The moving averages on CHFJPY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, suggesting the trend is generally upward, aside from a decline about 3 weeks prior.

The chart below illustrates.

In terms of correlations over the past week for CHFJPY, it has demonstrated the strongest correlation with CADJPY. Over the past 14 days, however, EURJPY is the asset most correlated to CHFJPY. Alternatively, GBPNZD has been the asset least correlated with CHFJPY — but if we observe the prior two weeks, the asset least correlated with CHFJPY has been AUDCHF. The chart below illustrates CHFJPY against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, CHFJPY’s rate is down -0.282 (-0.25%) from the week prior. Moreover, note that this is the 2nd week in a row CHFJPY has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows CHFJPY’s price action over the past year.