CHF/JPY Up 2 Pips in Last 4 Hours, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
CHFJPY
(Last Updated July 2, 2020)
Hello! This is the news page for 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 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.
In terms of correlations over the past week for CHFJPY, it has been most correlated with NZDJPY. Over the past 14 days, however, the asset showing the strongest correlation to CHFJPY is AUDJPY. On the flip side, the asset least correlated with CHFJPY over the past week has been ZARJPY, but if we observe the prior two weeks, the asset least correlated with CHFJPY has been GBPCAD. The chart below illustrates CHFJPY against its least correlated assets.
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CHF/JPY Down 7 Pips Over Past 4 Hours, Social Sentiment Biased Towards Selling; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 14 days chf/jpy’s price has gone up 9 them.
CHF/JPY Up 3 Pips in Last 4 Hours, Entered Today Up For the 7th Day In A Row; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a wedge technical pattern.
CHF/JPY Down 10 Pips On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 16 out of the past 30 days.
CHF/JPY Up 11 Pips in Last 4 Hours, Moves Up For the 6th Day In A Row; Eyes 20 Day Average
Those who have not entered earlier can look for entries along the supportive trendline with a target at the resistance zone….
CHF/JPY Down 23 Pips On 4 Hour Chart, Moves Up For the 4th Day In A Row; Nears 20 Day Moving Average
Volatility for chf/jpy has been contracting over the past two weeks relative to volatility over the past month.
CHF/JPY Down 7 Pips On 4 Hour Chart, Price Base in Formation Over Past 14 Days; is Inching Close to 20 Day Average
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
CHF/JPY Up 6 Pips On 4 Hour Chart, Price Base in Formation Over Past 90 Days; Eyes 20 Day Average
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
CHF/JPY Down 16 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Moves Down For the 2nd Day In A Row
Or to simplify this another way, note that out of the past 14 days chf/jpy’s price has gone down 8 them.
CHF/JPY Down 32 Pips Over Past 4 Hours, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 11.4 pips away.