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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 Sell Zone (121.80 to 122.50). 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 (121.80)
    • Support on 03/19/2015
    • Support on 03/20/2015
    • Support on 04/13/2015
    • Support on 09/04/2015
    • Support on 10/27/2015
    • Support on 10/28/2015
    • Support on 10/29/2015
    • Support on 10/30/2015
    • Support on 11/02/2015
    • Support on 11/04/2015
    • Support on 11/05/2015
    • Support on 11/06/2015
    • Support on 11/12/2015
    • Support on 11/13/2015
    • Resistance on 11/18/2015
    • Support on 12/18/2015
    • Support on 12/21/2015
    • Support on 12/22/2015
    • Support on 12/23/2015
    • Support on 12/24/2015
    • Resistance on 12/29/2015
    • Resistance on 05/25/2021
    • Resistance on 05/26/2021
    • Support on 05/31/2021
    • Support on 06/01/2021
    • Support on 06/02/2021
    • Support on 06/03/2021
    • Support on 06/14/2021
    • Support on 06/16/2021
  • Ending of entry zone (122.50)
    • Resistance on 03/18/2015
    • Resistance on 03/19/2015
    • Support on 03/23/2015
    • Support on 04/10/2015
    • Support on 04/13/2015
    • Support on 04/14/2015
    • Support on 04/15/2015
    • Support on 09/24/2015
    • Support on 09/25/2015
    • Support on 09/28/2015
    • Support on 09/30/2015
    • Support on 10/01/2015
    • Support on 10/02/2015
    • Resistance on 10/29/2015
    • Resistance on 10/30/2015
    • Resistance on 11/02/2015
    • Resistance on 11/03/2015
    • Resistance on 11/04/2015
    • Resistance on 11/05/2015
    • Resistance on 11/06/2015
    • Resistance on 11/11/2015
    • Resistance on 11/16/2015
    • Support on 12/14/2015
    • Support on 12/15/2015
    • Support on 12/16/2015
    • Support on 12/17/2015
    • Resistance on 05/27/2021
    • Peak on 05/28/2021
    • Resistance on 05/28/2021
    • Resistance on 06/09/2021
    • Resistance on 06/10/2021
    • Resistance on 06/11/2021
    • Resistance on 06/16/2021

DateJuly 31, 2021 - 11:06
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 122.75, beginning of downtrend is expected.
  • We make sure when the support at 118.85 breaks.
  • If the resistance at 122.75 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 118.65 on 07/20/2021, so more gains to resistance(s) 121.20, 121.80, 122.50 and maximum to Major Resistance (122.75) 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. 121.20
  2. 120.55
  3. 120.00
  4. 118.90
  5. 118.15
  6. 117.55
  7. 116.55
  8. 116.00
  9. 114.60
  10. 113.70
  11. 112.60
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc / Japanese Yen (CHFJPY) free Fri, 10 Sep 2021
Swiss Franc / Japanese Yen (CHFJPY) Sun, 5 Sep 2021
Swiss Franc / Japanese Yen (CHFJPY) Sat, 28 Aug 2021
Swiss Franc / Japanese Yen (CHFJPY) Sat, 21 Aug 2021
Swiss Franc / Japanese Yen (CHFJPY) Fri, 13 Aug 2021