Trading Idea - CHF/JPY, 27-04-2021 | IFCM UAE
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Trading Idea - CHF/JPY, 27-04-2021

Trading Idea - CHF/JPY, 27-04-2021

Trading Signal: CHFJPY

OrderSell
DirectionBearish
PatternTrading in downward channel
Interval1 hour
Length (Candles)5

Idea Summary


Medium term CHFJPY forecast is bearish. The technical analysis of the CHFJPY chart in 1-hour timeframe reveals the pair is declining after reflecting off the upper bound of the downtrend channel. There is a small likelihood the price may reverse to test the upper bound again.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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