CHFJPY Up 1 Pips On Hourly Chart, Moves Up For the 2nd Straight Day; Eyes 20 and 50 Day Averages
It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.
CHFJPY
(Last Updated April 15, 2021)
Hello! This is the news page for CHFJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for CHFJPY
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Japan BoJ Gov Kuroda Speech | NA | Japanese Yen | JPY | 2021-04-15 | 01:00 GMT | ||
| Japan Reuters Tankan Index | Apr 2021 | Japanese Yen | JPY | 2021-04-15 | 23:00 GMT | ||
| Japan Exports YoY | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT | ||
| Japan Balance of Trade | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for CHFJPY.
CHFJPY Moving Averages
CHFJPY’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, save for a drop that occurred about 3 weeks ago. Moreover, today we saw the 20 moving average turn bearish.
The chart below illustrates.
As for assets in the Forex asset class CHFJPY has been correlated to over the past week, it has been most correlated with EURCHF. If we zoom out to a two week basis, though, the asset showing the strongest correlation to CHFJPY is EURAUD. Alternatively, USDNOK has been the asset least correlated with CHFJPY — but over the past two weeks, the asset least correlated with CHFJPY has been AUDCAD. See the chart below to observe the recent price action in CHFJPY versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the moment, CHFJPY’s rate is down -5990 pips (-0.51%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly 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. The weekly chart below shows CHFJPY’s price action over the past year.
CHFJPY: The Monthly View
Strongest trend on the 24 month timeframe.
CHFJPY Down 11 Pips On Hourly Chart, Came Into Today Up For the 2nd Straight Day; Price Base in Formation Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved up.
CHFJPY Up 4 Pips in Last Hour, 2 Day Up Streak Snapped; Crosses 20 Day Moving Average
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
CHFJPY Up 4 Pips in Last Hour, 2 Day Up Streak Broken; Breaks Below 20 Day Average
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
CHFJPY Down 0 Pips Over Past Hour, Came Into Today Up For the 2nd Consecutive Day; Crosses 20 and 100 Day Moving Averages
It’s been a feast for bears operating on an hourly timeframe, as chfjpy has now gone down 5 of the past 5 hours.
CHF/JPY Up 1 Pips On Hourly Chart; Breaks Below 100 Day Average
This is the 3rd hour in a row chfjpy has seen its price head up.
CHFJPY Down 5 Pips in Last Hour, 3 Day Down Streak Ended; is Inching Close to 20 and 100 Day Averages
Price action traders may also wish to note that we see a doji candlestick pattern on chfjpy.
CHFJPY Up 4 Pips Over Past Hour, is Inching Close to 20 and 100 Day Averages; Pin Bar Pattern Appearing on Chart
Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
CHF/JPY Down 3 Pips On Hourly Chart, Moves Down For the 2nd Consecutive Day; Crosses 20 Day Moving Average
The closest is the 20 day average, which is 0 pips away.
CHFJPY Down 2 Pips On Hourly Chart, Moves Down For the 3rd Consecutive Day; Crosses 20 Day Moving Average
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.