CHF/JPY Up 9 Pips Over Past 4 Hours, Breaks Above 200 Day Average; in an Uptrend Over Past 14 Days
Compared to its peers in the forex, chf/jpy gave its buyers a return that ranked 6th in terms of percentage change since yesterday.
CHFJPY
(Last Updated May 28, 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
As for trends on CHFJPY, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.
CHFJPY Moving Averages
The moving averages on CHFJPY summarize its price action in an interesting way. The 20 and 200 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 50 and 100 day averages that imply a bearish trend.
Below is a chart showing CHFJPY’s price with its moving averages.
As for correlation, Regarding CHFJPY’s correlations over the past 7 days, it has demonstrated the strongest correlation with AUDUSD. Over the past 14 days, however, AUDJPY is the asset most correlated to CHFJPY. Alternatively, AUDNZD has been the asset least correlated with CHFJPY — but if we observe the prior two weeks, the asset least correlated with CHFJPY has been GBPCHF. The chart below illustrates CHFJPY against its least correlated assets.
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CHF/JPY Up 59 Pips in Last 4 Hours, Crosses 200 Day Moving Average; in an Uptrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
CHF/JPY Up 9 Pips Over Past 4 Hours, 3 Day Up Streak Ended; Nears 50, 100 and 200 Day Moving Averages
Or to simplify this another way, note that out of the past 14 days chf/jpy’s price has gone up 8 them.
CHF/JPY Down 0 Pips Over Past 4 Hours, Entered Today Up For the 3rd Day In A Row; Crosses 50 Day Moving Average
Compared to its peers in the forex, chf/jpy gave its buyers a return that ranked 24th in terms of percentage change since the previous day.
CHF/JPY Down 3 Pips in Last 4 Hours, 2 Day Down Streak Broken; in an Uptrend Over Past 14 Days
For additional context, note that price has gone up 9 out of the past 14 days.
CHF/JPY Up 2 Pips Over Past 4 Hours, Moves Up For the 5th Day In A Row; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 0.6, which is bearish.
CHF/JPY Down 47 Pips in Last 4 Hours, Entered Today Up For the 5th Day In A Row; Eyes 50, 100 and 200 Day Averages
The closest is the 100 day average, which is 24.9 pips away.
CHF/JPY Down 7 Pips Over Past 4 Hours, Came Into Today Up For the 4th Day In A Row; Nears 50 and 200 Day Moving Averages
As for the rationale, technical traders seem to be citing the appearance of channel and triangle technical patterns.
CHF/JPY Up 1 Pips in Last 4 Hours, Came Into Today Up For the 3rd Day In A Row; Nears 20 Day Moving Average
The closest is the 20 day average, which is 38.1 pips away.
CHF/JPY Up 26 Pips in Last 4 Hours, Nears 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
Been holding this trade about 12 days now and seeing structure form according to the fibonacci levels tells me that sellers can come in any moment to push the price back down again….