CHFJPY

(Last Updated August 6, 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

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for CHFJPY.

CHFJPY Moving Averages

The moving averages on CHFJPY indicate a trend that is clearly bullish.

Below is a chart showing CHFJPY’s price with its moving averages.

Regarding CHFJPY’s correlations over the past 7 days, it has been most correlated with AUDJPY. If we zoom out to a two week basis, though, the asset showing the strongest correlation to CHFJPY is EURJPY. Alternatively, GBPAUD has been the asset least correlated with CHFJPY — but if we observe the prior two weeks, the asset least correlated with CHFJPY has been NZDJPY. The chart below illustrates CHFJPY against its least correlated assets.

.

The View From the Weekly Timeframe

At the moment, CHFJPY’s rate is up 0.493 (0.43%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as CHFJPY has now gone up 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 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. CHFJPY’s weekly price action over the past 52 weeks can be seen via the chart below.