CHF/JPY - Technical Analysis & Market Sentiment

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๐Ÿ“‰ Bearish Bias

โœ… Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2)
โœ… Daily Trendline Resistance - Price remains below the descending trendline. (+2)
โœ… 4HR Support Holding - Weak price movement near support, indicating possible breakdown. (+1)
โœ… Momentum Weakness - Lack of strong bullish candles suggests sellers are in control. (+1)

๐Ÿ”ป Total Bearish Score: 6

๐Ÿ“ฐ Sources:
Trendline & Price Action - XTB
Moving Averages & Weak Momentum - IFC Markets

๐Ÿ“ˆ Bullish Bias

โœ… Breakout Potential - If price breaks the trendline, it may follow the weekly trendline upwards. (+2)
โœ… 4HR Support Zone - Buyers defending the 165.550 level, keeping price stable. (+1)

๐Ÿ”น Total Bullish Score: 3

๐Ÿ“ฐ Sources:
Breakout & Weekly Trendline - RoboForex

๐Ÿ“Š Sentiment & Market Factors
๐Ÿ“‰ BOJ Hawkish Outlook (- Bearish) - Bank of Japan signals potential rate hikes, strengthening JPY. Source
๐Ÿ“ˆ Swiss Economic Stability (+ Bullish) - CHF remains supported due to safe-haven demand. Source
๐Ÿ“‰ Risk-Off Sentiment (- Bearish) - Global uncertainty driving investors into JPY as a safe-haven. Source

๐Ÿ“Œ Final Bias: Strong Bearish (Score: 6 vs 3)

๐Ÿ“ข ๐Ÿ’ก Trade Idea: Look for Sell Setups on a confirmed breakout and retest of support.

Penafian

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