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Today this pair of Market trends & technical Analysis justified for me.
TRENDING
1)Gator Osillator:BUY = (3)dEMARKER :BUY
2)Fractals :BUY = (4)Evelopes :BUY
CHF/JPY
Paraboloc SAR : BUY
The RSI is still on :BUY
StDev on BUY direction.
4hour time frame also telling these condtional exprations.
Indicator shows market going UP and technical Analysis same thing.
All technical and fandamantal follow the BUYing trends.
Note:Always Follow the making experienced with others having great knowledge about trading.
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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 113.04
This currency name - CHF/JPY
Resistance and Target - 113.14
Support and Stop Loss - 112.94
Always follow Long time frame market trend.
Signal is Sell.
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Winning signals - Profit signals.
Today Target Pair - CHF/JPY
Today main profit zone .
113.34 - 113.69 - 114.02
Today main support zone.
111.97 - 112.33 - 112.66
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
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CHF/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
112.64 - 112.73 - 112.90
Resistance 1 - Resistance 2 - Resistance 3.
113.16 - 113.25 - 113.41
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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Currency pair is : Chf/Jpy
Trend is : sell
Resistance and supporting level of this pair is :
Resistance level of this pair is:
1# Resistance is: 109.95
2# Resistance is: 110.04
3# Resistance is: 110.12
Supporting level of this pair is :
1# Supporting is: 109.73
2# Supporting is: 109.62
3# Supporting is: 109.53
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CHF/JPY: The 38.2% Fibonacci level is breached, what is next?
ANALYSIS | Published Jan 28, 2020 09:12 (+00:00)
CHF/JPY has been bearish on the daily chart for the last seven trading days. The price started its trading week with a gap yesterday. Yesterday’s daily candle closed below a 38.2 Fibonacci level. Thus, the price may head towards the last swing low if today’s candle comes out as a bearish engulfing candle. Major intraday charts have been choppy. However, if the price makes a breakout at the level of consolidation support, the sellers may drive the price towards the downside.
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My specialized Investigation CHF JPY
I use scalping systems on this cash matches so I favor the brief span that is the time period M15 and M30, that is position showcase then likewise there are a few pointers that I use as the Bollinger Groups is BREAK LOW, ADX is DOWN Pattern 83.52%, Stochastic is BREAK HIGH. At that point think about the position if the market pattern is advancing toward more leads Pattern DOWN 69.5%,
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opening any position, every trader has to determine whether to open a BUY or SELL position. If you want to buy the base currency and sell the quoted currency, this means that you are expecting the base currency to rise so as to sell it back at higher price. Such positions are used to be known as Long positions. In contrast, if you want to sell the base currency for buying a quote currency, this means that you want the base currency to fall in price so as to buy it at a low- er price. Such positions are known to be as Short positions. So, keep in mind, that Buy=Long and Sell=Short.
When speaking about the prices of the currencies, we have already mentioned that they are called rates. Anyway, it is very important to mention that in Forex every quotation has
two prices- Bid Price and Ask Price. These pairs are usually denoted by a slash where at front stands the rate of Buy, and after- the rate of Sell, such as . The bid price is the price at which the broker is ready to buy the base currency for the quote one, while the ask price is the price at which the company is selling the base currency for the quote one. So it can be understood that the concepts of buying and selling in relation to you are actually “reversed.” Buying and selling in this formulation is not per- formed by you, but by the party offering you a quotation. More precisely saying, if you need to buy a base currency, you can do it by Ask price, while selling, you need to do it through Bid price.
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CHFJPY trend strongly bullish
1 Support 112.65
2 Support 112.32
3 Support 111.96
1 Resistance 113.32
2 Resistance 113.70
3 Resistance 114.03
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opening any position, every trader has to determine whether to open a BUY or SELL position. If you want to buy the base currency and sell the quoted currency, this means that you are expecting the base currency to rise so as to sell it back at higher price. Such positions are used to be known as Long positions. In contrast, if you want to sell the base currency for buying a quote currency, this means that you want the base currency to fall in price so as to buy it at a low- er price. Such positions are known to be as Short positions. So, keep in mind, that Buy=Long and Sell=Short.
When speaking about the prices of the currencies, we have already mentioned that they are called rates. Anyway, it is very important to mention that in Forex every quotation has
two prices- Bid Price and Ask Price. These pairs are usually denoted by a slash where at front stands the rate of Buy, and after- the rate of Sell, such as . The bid price is the price at which the broker is ready to buy the base currency for the quote one, while the ask price is the price at which the company is selling the base currency for the quote one. So it can be understood that the concepts of buying and selling in relation to you are actually “reversed.” Buying and selling in this formulation is not per- formed by you, but by the party offering you a quotation. More precisely saying, if you need to buy a base currency, you can do it by Ask price, while selling, you need to do it through Bid price.
