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CHFJPY is expected to breakout downside

ijayakumar Posted 15 Nov as Analysis on CHF/JPY, Target: 120.2000, Date: 1 di Gennaio, 12:00 GMT in #Technical analysis #CHF/JPY #Chfjpy #Trendlines

Though Japan has had a difficult run this year, still it is considered as the one of the major currency over other currencies. It also pulled back nicely against most of it's pairs this year. As Swiss franc is expected to go further down and Yen is expected to appreciate further, it is highly possible to create a slow down trend. Please find my chart analysis,
Weekly chart:
- This chart shows the contraction in price movement of this pair since January which may result in breakout
- As last 3 mo…

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CHFJPY to form a range trading after a bullish move

ijayakumar Posted 11 Ott as Analysis on CHF/JPY, Target: 128.7200, Date: 1 di Dicembre, 12:00 GMT in #Technical analysis #Patterns #CHF/JPY #Candlesticks

CHFJPY is expected to move little high before forming a range trading. Please find the chart analysis,
Weekly chart:

- In longer trend, this pair is maintaining a good support in it's trend as shown in the graph
- Considering the previous small red candles and current green candles, this pair expected to go bullish as it just hits at it's pattern bottom
- Parallel dotted line is expected to be the upcoming resistance which is just below 129
Daily Chart:
- Price is just moving over 50 SMA and e…

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CHFJPY is expected to breakout downside

CHFJPY to form a range trading after a bullish move