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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (115.15 to 115.65). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (115.15)
    • Support on 07/24/2020
    • Resistance on 07/27/2020
    • Support on 07/31/2020
    • Support on 08/03/2020
    • Support on 09/09/2020
    • Support on 09/17/2020
    • Resistance on 10/01/2020
  • Ending of entry zone (115.65)
    • Support on 12/13/2013
    • Support on 12/16/2013
    • Support on 12/17/2013
    • Support on 12/18/2013
    • Support on 01/03/2014
    • Resistance on 01/09/2014
    • Resistance on 01/10/2014
    • Resistance on 01/16/2014
    • Resistance on 01/23/2014
    • Resistance on 02/21/2014
    • Resistance on 02/24/2014
    • Resistance on 02/28/2014
    • Resistance on 03/03/2014
    • Support on 03/18/2014
    • Support on 03/20/2014
    • Support on 03/21/2014
    • Support on 03/24/2014
    • Support on 03/25/2014
    • Support on 04/04/2014
    • Support on 04/10/2014
    • Support on 04/11/2014
    • Support on 04/14/2014
    • Support on 04/15/2014
    • Support on 04/16/2014
    • Support on 04/17/2014
    • Support on 04/22/2014
    • Support on 04/24/2014
    • Support on 04/25/2014
    • Support on 04/28/2014
    • Support on 04/30/2014
    • Support on 09/19/2014
    • Support on 09/22/2014
    • Support on 09/23/2014
    • Resistance on 09/25/2014
    • Resistance on 01/14/2015
    • Support on 01/20/2016
    • Support on 01/21/2016
    • Support on 02/15/2016
    • Resistance on 03/10/2016
    • Resistance on 03/15/2016
    • Resistance on 03/22/2016
    • Resistance on 03/23/2016
    • Resistance on 03/24/2016
    • Support on 03/28/2016
    • Support on 04/04/2016
    • Resistance on 04/06/2016
    • Resistance on 09/15/2017
    • Resistance on 09/25/2017
    • Support on 09/27/2017
    • Support on 09/28/2017
    • Support on 09/29/2017
    • Support on 10/02/2017
    • Support on 10/03/2017
    • Resistance on 10/05/2017
    • Resistance on 10/11/2017
    • Resistance on 10/12/2017
    • Resistance on 10/20/2017
    • Resistance on 10/23/2017
    • Resistance on 12/29/2017
    • Resistance on 01/02/2018
    • Resistance on 01/03/2018
    • Support on 01/08/2018
    • Resistance on 01/09/2018
    • Resistance on 01/24/2018
    • Support on 02/08/2018
    • Support on 02/09/2018
    • Support on 09/19/2018
    • Support on 09/28/2018
    • Resistance on 10/04/2018
    • Resistance on 07/23/2020
    • Resistance on 08/03/2020
    • Support on 08/05/2020
    • Support on 08/06/2020
    • Support on 08/07/2020
    • Support on 08/10/2020
    • Support on 08/11/2020
    • Support on 08/19/2020
DateOctober 3, 2020 - 18:27
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 117.900, resumption of downtrend is expected.
  • We make sure when the support at 113.250 breaks.
  • If the resistance at 117.900 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 45 is broken, so the probability of resumption of downtrend is increased.
  • While the RSI resistance #2 at 53 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 113.26 on 09/28/2020, so more gains to resistance(s) 115.15, 115.65, 116.50 and maximum to Major Resistance (117.90) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Take Profits:

  1. 114.20
  2. 113.25
  3. 111.95
  4. 111.15
  5. 109.90
  6. 108.65
  7. 106.75
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.