CHFJPY Up 9 Pips in Last Hour, Breaks Above 20 Day Average; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 1.33, which is bullish.
CHFJPY
(Last Updated January 18, 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 Exports YoY | Dec 2021 | Japanese Yen | JPY | 2021-01-20 | 23:50 GMT | 2.4% | |
| Japan Balance of Trade | Dec 2020 | Japanese Yen | JPY | 2021-01-20 | 23:50 GMT | ¥942.8B | |
| Japan Outlook for Economic Activity and Prices | NA | Japanese Yen | JPY | 2021-01-21 | 00:00 GMT | ||
| Japan BoJ Interest Rate Decision | 2021 | Japanese Yen | JPY | 2021-01-21 | 03:00 GMT | -0.1% | |
| Japan BoJ Quarterly Outlook Report | NA | Japanese Yen | JPY | 2021-01-21 | 03:00 GMT |
The Trend
For CHFJPY, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a clear uptrend becomes apparent.
CHFJPY Moving Averages
Nuances in the trend on CHFJPY can be understood by observing the behavior of its moving averages. The 50 and 200 day averages are pointing upwards, suggesting a bullish trend, while the 20 and 100 day averages are pointing downward, suggesting a bearish trend on those timeframes.
The chart below illustrates.
Regarding CHFJPY’s correlations over the past 7 days, it has demonstrated the strongest correlation with EURJPY. Over the past 14 days, however, TRYJPY is the asset most correlated to CHFJPY. Alternatively, EURTRY has been the asset least correlated with CHFJPY — but if we observe the prior two weeks, GBPUSD has been the asset least correlated with CHFJPY. 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
Currently, CHFJPY’s rate is down -8440 pips (-0.72%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend 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. CHFJPY’s weekly price action over the past 52 weeks can be seen via the chart below.
CHFJPY: The Monthly View
Clearest trend on the monthly is apparent at the 24 month timeframe.
CHF/JPY Up 11 Pips Over Past Hour, Makes Big Move Relative to Past Month; in an Uptrend Over Past 90 Days
This imputes a buy/sell ratio of 3, which is bullish.
CHFJPY Up 5 Pips On Hourly Chart, Breaks Above 20 Day Average; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
CHFJPY Up 4 Pips Over Past Hour, Entered Today Down For the 6th Straight Day; Price Base in Formation Over Past 30 Days
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
CHFJPY Down 10 Pips Over Past Hour, Moves Down For the 4th Straight Day; Nears 20 Day Moving Average
Price action traders may also wish to note that we see a pin bar candlestick pattern on chfjpy.
CHFJPY Down 6 Pips On Hourly Chart, Came Into Today Down For the 4th Straight Day; Eyes 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 Up 10 Pips Over Past Hour, Came Into Today Down For the 3rd Consecutive Day; in an Uptrend Over Past 14 Days
Or to simplify this another way, note that out of the past 10 days chfjpy’s price has gone down 7 them.
CHFJPY Down 12 Pips in Last Hour, Moves Down For the 2nd Straight Day; Eyes 20 Day Average
Of note is that the 20 hour changed directions on chfjpy; it is now pointing down.
CHFJPY Up 5 Pips in Last Hour, in an Uptrend Over Past 14 Days; Eyes 20 Day Average
Or to simplify this another way, note that out of the past 14 days chfjpy’s price has gone down 8 them.
CHFJPY Down 3 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Nears 20 Day Moving Average
Or to simplify this another way, note that out of the past 10 days chfjpy’s price has gone up 5 them.