Posts tagged 'CHFJPY'

Last week's CHFJPY decline took the market through the spot moving average and the RSI average. Although early follow through lows this week have not been maintained, our technical signals indicate scope for the downside to expand in the coming weeks.The equivalent Bullish signals were posted in April. Here the RSI golden cross confirmed marginally later... read more

.. I last wrote 3 weeks ago on the continuing downward trend in CHFJPY.  We’ve had some increased volatility since after the Brexit vote but this has only served to emphasis the underlying negative trend.Friday’s aggressive bounce took CHFJPY back to the mid-point of the negatively trending Keltner channel but, importantly, lacked the momentum to test... read more

I have written before on these pages of the negative sentiment that has dominated CHFJPY  for a year now. This trend has been highlighted by a 'hugging' of the lower band of a falling weekly Keltner channel, by the capping of rallies by the mid-point of that channel, more clearly by the 21 week moving average and... read more

On January 26th we wrote about the negative trend in CHFJPY and how our technical analysis indicators pointed to still lower levels.Our initial target was 111.87. This has yet to be reached as our report was followed by a profit taking bounce.However, that rally was limited to one week and since that time sellers have dominated... read more

A bearish trend was confirmed in CHFJPY last August when the spot price closed below the 21 week moving average - RSI had broken it's relevant moving average 3 weeks before. Since that time the cross has deteriorated by almost 11 big figures with the key moving average only threatened on two occasions (Aug & Dec) but... read more