CHFJPY Down 4 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; 4 Day Down Streak Ended
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
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 3 Pips in Last Hour, Moves Down For the 4th Straight Day; Breaks Below 20 Day Average
This imputes a buy/sell ratio of 0, which is quite bearish.
CHFJPY Down 0 Pips in Last Hour, Moves Down For the 3rd Day In A Row; is Inching Close to 20 and 50 Day Averages
Compared to its peers in the forex, chfjpy gave its buyers a return that ranked 23rd in terms of percentage change since yesterday.
CHFJPY Down 14 Pips in Last Hour, Entered Today Down For the 2nd Day In A Row; Nears 20 Day Moving Average
Relative to other instruments in the forex asset class, chfjpy ranked 25th the day prior in terms of percentage price change.
CHFJPY Down 1 Pips On Hourly Chart
Relative to other instruments in the forex asset class, chfjpy ranked 22nd yesterday in terms of percentage price change.
CHFJPY Up 1 Pips in Last Hour, 4 Day Down Streak Snapped; in an Uptrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
CHFJPY Down 0 Pips in Last Hour, Moves Down For the 4th Day In A Row; Social Sentiment Biased Towards Selling
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
CHFJPY Down 10 Pips On Hourly Chart, Came Into Today Down For the 3rd Consecutive Day; in an Uptrend Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved up.
CHFJPY Up 6 Pips in Last Hour, Came Into Today Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
Compared to its peers in the forex, chfjpy gave its buyers a return that ranked 27th in terms of percentage change since the previous day.
CHFJPY Down 2 Pips On Hourly Chart, 5 Day Up Streak Broken; in an Uptrend Over Past 14 Days
Price action traders may also wish to note that we see a doji candlestick pattern on chfjpy.