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.

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