Free Swiss franc With Japanese yen (CHFJPY(Forex)) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Neutral Neutral Neutral
Last Update / Period
15 May / Daily
Category/Currency
Forex/JPY
Exchange/Country
FX/--

Swiss franc With Japanese yen (CHFJPY(Forex)) signal with technical analysis on 15 May

On 15 May, we conducted a comprehensive technical analysis of Swiss franc With Japanese yen (CHFJPY(Forex)), considering 256 signals with intricate details. Here are the key findings: 67 signals suggested buy strategies, while 88 indicated sell strategies. The remaining 101 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 13
Sell Signals: 32
Neutral Signals: 19
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 18
Sell Signals: 25
Neutral Signals: 21
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 15
Sell Signals: 18
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 21
Sell Signals: 13
Neutral Signals: 30
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 67
Sell Signals: 88
Neutral Signals: 101
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Swiss franc With Japanese yen (CHFJPY(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Swiss franc With Japanese yen (CHFJPY(Forex)) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Swiss franc With Japanese yen (CHFJPY(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Swiss franc With Japanese yen (CHFJPY(Forex)) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 12.48% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Swiss franc With Japanese yen (CHFJPY(Forex))** investments.

Swiss franc With Japanese yen (CHFJPY(Forex)) Price Analysis and Support Levels:

In our current Swiss franc With Japanese yen (CHFJPY(Forex)) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 157.3
We are closely monitoring the price at 157.3, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 154.93
If the first support level is broken, the second support level at 154.93 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 149.4
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 149.4 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Swiss franc With Japanese yen (CHFJPY(Forex)). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Swiss franc With Japanese yen (CHFJPY(Forex)) technical analysis chart

Swiss franc With Japanese yen (CHFJPY(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 157.3 154.93 149.4 141.251 131.937
 Swiss franc With Japanese yen (CHFJPY(Forex)) Support and Resistance area (15 May)  Swiss franc With Japanese yen (CHFJPY(Forex)) Support and Resistance area (15 May)

Swiss franc With Japanese yen (CHFJPY(Forex)) signals list for 15 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Swiss franc With Japanese yen (CHFJPY(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 14 May Sell SellNeutralNeutralNeutral
2 13 May Hold HoldHoldHoldHold
3 12 May Buy BuyBuyHoldHold
4 11 May Hold NeutralNeutralHoldHold
5 09 May Hold NeutralHoldHoldHold
6 08 May Buy BuyHoldBuyHold
7 07 May Buy NeutralBuyNeutralBuy
8 06 May Sell SellNeutralNeutralNeutral
9 05 May Hold HoldHoldHoldHold
10 04 May Hold HoldHoldHoldHold
11 02 May Hold HoldHoldHoldHold
12 01 May Buy BuyBuyBuyBuy
13 30 Apr Hold NeutralHoldHoldNeutral
14 29 Apr Sell SellHoldSellNeutral
15 28 Apr Hold NeutralSellNeutralNeutral
16 27 Apr Hold NeutralNeutralNeutralNeutral
17 25 Apr Hold NeutralHoldNeutralNeutral
18 24 Apr Hold HoldHoldHoldNeutral
19 23 Apr Sell HoldHoldSellNeutral
20 22 Apr Sell HoldSellNeutralNeutral
21 17 Apr Neutral HoldNeutralHoldHold
22 16 Apr Sell SellHoldHoldHold
23 15 Apr Hold NeutralHoldHoldHold
24 14 Apr Hold HoldHoldHoldHold
25 13 Apr Hold HoldHoldHoldHold
26 11 Apr Hold HoldHoldHoldHold
27 10 Apr Hold HoldHoldHoldHold
28 09 Apr Hold HoldHoldHoldHold
29 08 Apr Hold HoldHoldHoldHold
30 07 Apr Hold HoldHoldHoldHold

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