CHFJPY

(Last Updated March 1, 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 procure.ch Manufacturing PMI Feb 2021 Swiss Franc CHF 2021-03-01 08:30 GMT 60 61.3
Japan Jobs/applications ratio Jan 2021 Japanese Yen JPY 2021-03-01 23:30 GMT 1.06
Japan Unemployment Rate Jan 2021 Japanese Yen JPY 2021-03-01 23:30 GMT 3%
Japan Capital Spending YoY Q4 2020 Japanese Yen JPY 2021-03-01 23:50 GMT
Japan Jibun Bank Services PMI Final Feb 2021 Japanese Yen JPY 2021-03-03 00:30 GMT

The Trend

If we observe the 90 and 30 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, suggesting the trend is generally upward, aside from a fall about 3 weeks prior. Moreover, today we saw the 20 moving average turn bearish.

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

Regarding CHFJPY’s correlations over the past 7 days, it has been most correlated with GBPUSD. Over the past 14 days, however, the asset showing the strongest correlation to CHFJPY is GBPCHF. On the flip side, EURNOK has been the asset least correlated with CHFJPY — but over the past two weeks, USDSEK 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 -3620 pips (-0.31%) from the week prior. Moreover, note that this is the 2nd straight week CHFJPY has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. 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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