Category: CHFJPY

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CHFJPY Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 114.75 would begin in Midterm.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.

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CHFJPY Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.

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CHFJPY Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 50.

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CHFJPY Weekly Forex Forecast 12th November to 18th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 49.

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CHFJPY Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 44.

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CHFJPY Weekly Forex Forecast 28th October to 3rd November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 31.

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CHFJPY Weekly Forex Forecast 21st October to 27th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 35.

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CHFJPY Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 32.
Take Profits:

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CHFJPY Weekly Forex Forecast 6th October to 12th October by yshashmi37 on TradingView.com

Midterm forecast:

• 113.25 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 43.

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CHFJPY Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

114.70 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 55.