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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateMay 30, 2020 - 20:00
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 108.650, beginning of uptrend is expected.
  • We make sure when the resistance at 114.400 breaks.
  • If the support at 108.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 111.66 on 05/21/2020, so more losses to support(s) 111.15, 109.90 and minimum to Major Support (108.65) 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 61.

Supports and Resistances:

  1. 116.15
  2. 111.15
  3. 104.00
  4. 103.05
  5. 101.80
  6. 100.00
Click on the level to view price action history.
Symbol Released Current Forecast
Swiss Franc / Japanese Yen (CHFJPY) new Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) new 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.