The intraday market for this pair favours the bulls in the past few days. D1 clearly is uptrend, the buy opportunity sets in after the weak minor down trend in H4.
CHFJPY, though been consolidating for a while now by the Daily timeframe, the pressure is still on the up side and the oscillators are presenting opportunities to take BUY positions. The trading levels are clear to take a positing now and targeting the nearest resistant level at 150.27. Market MAY go beyound if the D1 timeframe oscillators are still very much strong on the BULL side.
The EURJPY was a good move to the south today. Trend trailed from Monthly to Weekly and the Daily time-frame for entry. The market moved south so quickly. Since the Trend is still very much to the south - considering the monthly and weekly bear pressure, the B image shows expectations in the up coming weeks. The down trend can still be taken advantage of. We have some patience to wait on the oscillators to be in shape. Its going to be a good trend.
The bullish run in the past few D1 and H4 candles is clear using MACD CFX. The D1 and H4 is prepared for BUY but the followings we must carefully consider: - USDCHF current price is making triple tops and that may be a major resistant zone. - The DCI oscillator is overbought in M30 so we need to wait for it to relax to the oversold levels for a BUY signal to make sense. I will be BUYing when the DCI is bullish from below the middle levels in M30 or H1 timeframe
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