CHFJPY

(Last Updated January 26, 2021)

Welcome to the news page for CHFJPY (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
Switzerland World Economic Forum Annual Meeting NA Swiss Franc CHF 2021-01-26 00:00 GMT
Switzerland World Economic Forum Annual Meeting NA Swiss Franc CHF 2021-01-27 00:00 GMT
Japan Retail Sales YoY Dec 2020 Japanese Yen JPY 2021-01-27 23:50 GMT -0.4%
Switzerland World Economic Forum Annual Meeting NA Swiss Franc CHF 2021-01-28 00:00 GMT
Switzerland Balance of Trade Dec 2020 Swiss Franc CHF 2021-01-28 07:00 GMT

The Trend

On CHFJPY, we don’t see a clear trend until the 90 day basis, where we see a clear uptrend.

CHFJPY Moving Averages

The moving averages on CHFJPY indicate a trend that is clearly bullish.

Below is a chart showing CHFJPY’s price with its moving averages.

In terms of correlations over the past week for CHFJPY, it has been most correlated with EURJPY. CHFJPY has been most correlated with EURJPY over the past 14 days also, so this may be a recurring pattern. Alternatively, the asset least correlated with CHFJPY over the past week has been AUDUSD, but if we observe the prior two weeks, CADJPY 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

At the time of this writing, CHFJPY’s rate is down -3820 pips (-0.33%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on CHFJPY. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

Strongest trend on the 120 month timeframe.

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