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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (125.80 to 124.50). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (125.80)
    • Support on 04/30/2015
    • Resistance on 04/22/2015
    • Resistance on 04/21/2015
    • Resistance on 03/02/2015
    • Support on 02/18/2015
    • Trough on 02/04/2015
    • Trough on 02/03/2015
    • Support on 02/03/2015
    • Trough on 02/02/2015
    • Support on 02/02/2015
  • Ending of entry zone (124.50)
    • Support on 04/27/2015
    • Support on 04/24/2015
    • Support on 04/21/2015
    • Support on 04/20/2015
    • Resistance on 04/16/2015
    • Resistance on 04/09/2015
    • Resistance on 03/31/2015
    • Resistance on 03/30/2015
    • Resistance on 03/27/2015
    • Resistance on 03/26/2015
    • Resistance on 03/05/2015
    • Support on 03/03/2015
    • Support on 02/20/2015
    • Peak on 12/10/2014
    • Peak on 12/09/2014
    • Peak on 12/08/2014
    • Resistance on 12/08/2014
DateAugust 23, 2015 - 18:18
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 126.05 on 08/12/2015, so more gains to resistance(s) 129.70, 130.85, 132.45 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 56.

Take Profits:

  1. 127.15
  2. 128.20
  3. 129.70
  4. 130.85
  5. 132.45
  6. 134.60
  7. 138.30
  8. 156.35
  9. 1248.00
Click on the level to view price action history.
Symbol Released Current Forecast
Swiss Franc / Japanese Yen (CHFJPY) Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 7 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 31 Mar 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 24 Mar 2024
History
Daily-Trading-Opportunities on CHFJPY.