Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

CHFJPY forms double bottom around 109.45,jump till 110.40 likely

Major support- 109.45

 

CHFJPY was trading lower for past 2 weeks and lost more than 250 pips. The decline was mainly due to weakness in Swiss franc on account of easing trade tensions which has decreased demand for safe have assets.CHF was trading weak against all majors especially USD and USDCHF gained more than 300 pips in past one month. It is currently trading around 109.57.

 

The near term major resistance is around 110 and any break above will take the pair to next level till 110.40/111. The pair should break above 112 for further bullishness.

 

On the lower side, near term support is around 109.45 and any violation below will drag the pair to next level till 109/108.60.

 

It is good to buy on dips around 109.40 with SL around 109 for the TP of 110.38.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 24 19:00 UTC Released

USCattle Marketed

Actual

106.9 %

Forecast

106.6 %

Previous

97 %

May 24 19:00 UTC Released

USCattle Placed On Fd

Actual

108.7 %

Forecast

113 %

Previous

105 %

January 31 00:00 UTC 689586689586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 689586689586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 701406701406m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 689586689586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 701406701406m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 689586689586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 689586689586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 689586689586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.