CHFJPY - Bearish Trend
CHFJPY formed Bearish Divergence on RSI, will it start Bearish Trend?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, Switzerland Inflation Rate is at 1%, compared to 1.2% last month further expectations are rate cut trend will continue from 1.25% to 1% TODAY. Which may weaken CHF further.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, Switzerland Inflation Rate is at 1%, compared to 1.2% last month further expectations are rate cut trend will continue from 1.25% to 1% TODAY. Which may weaken CHF further.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
Note
SNB rate cut as expected from 1.25% to 1%, however our new position based on Technicals would be:
Sell Stop 169.881
Stop Loss 171.514
Final Take Profit 166.554
Trade fermée: ordre d’arrêt atteint
Stop Loss Hit
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.