CHFJPY
From the technical view:
1. From the Monthly perspective, CHFJPY is inside the strong monthly supply area, moving to the downside is expected.
2. From the Weekly perspective, the situation is correlated with Monthly view, more confirmation for the downside movement.
3. From the Daily perspective, the price created an HNS pattern; by combining 3 higher timeframes, CHFJPY should move to the downside
From the fundamental view:
1. Big players bullish on CHF and strat change the bullish bias to bearish bias on JPY
2. In the new report, the long position of CHF was increased 4,521 bringing the net position to 14,641 from 10,092, for the JPY long and short was added 6k position at the same time, but the massive short on JPY bringing the net position decreased to 44,692 from the ordinary 50,520
3. Combine with TA and FA, obviously, FA is against what we see from the TA, but the move to the downside still expected.
How to approach CHFJPY?
1. Monitoring the current area highlighted by me in the lower timeframe. If the lower timeframe shows the reversal signal and fulfilled your rules of strategy, then you can be looking for the short on CHFJPY
2. Just short when the market open is not a good idea, because the lower timeframe still extremely bullish at the moment
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on CHFJPY or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.
1. From the Monthly perspective, CHFJPY is inside the strong monthly supply area, moving to the downside is expected.
2. From the Weekly perspective, the situation is correlated with Monthly view, more confirmation for the downside movement.
3. From the Daily perspective, the price created an HNS pattern; by combining 3 higher timeframes, CHFJPY should move to the downside
From the fundamental view:
1. Big players bullish on CHF and strat change the bullish bias to bearish bias on JPY
2. In the new report, the long position of CHF was increased 4,521 bringing the net position to 14,641 from 10,092, for the JPY long and short was added 6k position at the same time, but the massive short on JPY bringing the net position decreased to 44,692 from the ordinary 50,520
3. Combine with TA and FA, obviously, FA is against what we see from the TA, but the move to the downside still expected.
How to approach CHFJPY?
1. Monitoring the current area highlighted by me in the lower timeframe. If the lower timeframe shows the reversal signal and fulfilled your rules of strategy, then you can be looking for the short on CHFJPY
2. Just short when the market open is not a good idea, because the lower timeframe still extremely bullish at the moment
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on CHFJPY or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.