The Swiss France Japanese Yen.

Good afternoon all,

A quick chart for you to analyse today is of the CHFJPY.

Price is presently re-testing a former S/R line area in an overall DT, with the current move up between breathers and price still below the V.I., although this is flat and therefore not giving good direction.

There are candle formations at the recent high indicating uncertainty as well.

Stochastics is showing weakness to the downside whilst currently being OB.

As always please ensure to do your own analysis before trading.
















Charts courtesy of advancedGet.

Good luck.

Clayton Farnworth.

The Swiss Franc Japanese Yen.

Good morning Dynamic Traders,

Today I am looking at a possible long developing on the CHFJPY on the four hour timeframe shown below.

It is not in the position as yet to take the trade unless being very aggressive, but for me on this one I am going to exercise a little more patience on this and so I am keeping a close eye on this cross.

It is currently standing at a possible DB from the resistance at the end of March and hanging around a figure.
The RSI is coming up from an OS position but is still below 50 at the moment.

Whilst writing this the present candle is a spinning top and at a possible fibonacci reversal.

If you now go down to the lower timeframe, this is showing a doji and an entry point could be assessed from here.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of TradeStation.

Always enjoy your trading.

Clayton Farnworth.

The Swissy Yen.

Good afternoon Dynamic Traders,

Todays chart on the four hour timeframe is of the CHFJPY.

On the daily chart of this cross, you will see that at present there is a potential DT in the downtrending pair which is clustering at the V.I. and extension levels and also in the mix is MACD divergence.

If you now look at the image below, you will see the divergence here too, but not shown is the previous R/S level which you can put on whilst analysing yourselves.
On the four hour chart we have had a close above this level which could now employ the ESLT. for a continuation should the advance continue.

It could be however that this may be a 'pop and drop' as described in your Currency mentoring and webinars, which we will just have to await an outcome on.

Regarding confluences, there is a significant amount where price is standing, including the ones afore mentioned, the top end of the trendline channel, and a possible 123 situation.

This trend from mid March could be coming to an end soon or just having a breather but either way keep a close eye on this pair for some good gains in the near future.
















Charts courtesy of TradeStation.

Always enjoy your trading.

Clayton Farnworth.

The Swiss Franc Japanese Yen.

Good evening Forex Traders,

Apologies for not posting yesterday evening but my internet connection was very intermitent making it very hard to do any analysis let alone blogs but back on track tonight so I have the CHFJPY for you to take a look at.

As can be seen on the daily chart below we may be setting up for a short trade in the near future but as of yet we do not have confirmation as not enough indications are in evidence as at this moment in time but some are present.

We are at a possible 123/DT in a downtrend and we are at a very good figure but triggers are not yet showing themselves to enable me to take the trade. If we continue then I shall use the Dynamic Trader ESLT but will be aware of the contradictions and therefore trade accordingly.

This is one to keep a close eye on to see what price does do but I am looking for the short set up primarily.

Please do your own analysis for any trades you take, and only enter in accordance with your trading plan.

Charts courtesy of TradeStation.

Next post on Sunday, have a great weekend.

Clayton Farnworth.

CHFJPY Revisited

Good evening Dynamic Traders ,

Firstly , at the risk of repeating what Bijal and John have both said , may I express a warm thanks to both Anne and Javid at this festive time for everything they have done for both myself and others , and I would also like to thank Bijal , Saba , John and Jagir for what I learn from each of them every day and to wish them and all Dynamic Traders a big Happy Christmas.

Tonight, being as it did not get triggered today , I would like to revisit the CHFJPY, as it is once again at a former R/S level , with a fib cluster, and is now in an OB position with RSI and still has divergences on different timeframes. Also , it appears to be nearing the end of an EW count .

A second chart for all you analysts out there to look at, is the GBPUSD which could be coming up for a 123786.

As always please do your own analysis and as mentioned last night, be extra cautious in times of low liquidity, and use appropriate entry points for any trades.

There will be no update tomorrow evening due to the markets being closed.

A very merry Christmas to you all,

Clayton Farnworth.

Good evening Dynamic Traders,

Tonights chart is on a lower timeframe and is of the CHFJPY.

As you can see it is at a TJ's elipse longer term at present which co-incides with a possible breather level zone and may be ready to head south. Please note also that the RN is close but hasn't been tagged yet. There is also a divergence on the lower timeframes RSI with other confluences and it has an OB Get Stochastic with no false bar.

Due to the low liquidity in the markets at present please trade with extra caution, and as always do your own analysis.




















Happy trading,

Clayton Farnworth.