Categories: Technical analysis

CHFJPY Wave Analysis 13 April, 2021

• CHFJPY reversed from resistance level

• Likely to reach support level 118.00

CHFJPY currency pair recently reversed down with the daily Long-Legged Doji from the key resistance level 118.700 (former strong resistance from the middle of February, top of the previous impulse wave 1).

The resistance level 118.700 was further strengthened by the upper daily Bollinger Band.

CHFJPY is likely to fall further toward the next support level 118.00 (former resistance from the middle of March).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: CHFJPY

Recent Posts

WTI Wave Analysis 26 December 2024

- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…

8 hours ago

AUDUSD Wave Analysis 26 December 2024

- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…

8 hours ago

Nasdaq 100 Wave Analysis 23 December 2024

- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…

3 days ago

USDJPY Wave Analysis 23 December 2024

- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…

3 days ago

US indices: has the bullish trend broken?

The recent declines in US indices may have broken the bullish trend, indicated by technical…

3 days ago

Dollar: Slowing Momentum, Same Direction

The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…

3 days ago

This website uses cookies