CHF/JPY 4H Chart: Moving towards 108.87 - Trade Pattern Ideas - Dukascopy Bank
Fri, 22 Nov 2019 06:42:05 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Buy
Neutral
Alligator(13;8;5)
Sell
Neutral
Neutral
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇒
⇒
⇒
The Swiss Franc has depreciated about 0.75% in value against the Japanese Yen since this week's trading sessions. The currency pair breached the 200– period simple moving average at 109.43 on Friday morning.
All things being equal, the CHF/JPY currency exchange rate will likely aim for a support cluster formed by the combination of the weekly S2 and the monthly pivot point at the 108.87 area.
Most likely, an upside reversal could occur from the support cluster during next week's trading sessions.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.