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 >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 812841812841m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812841812841m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 824661824661m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 812841812841m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 824661824661m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 812841812841m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812841812841m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812841812841m

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.