CHF/JPY – With 4 Bullish Momentum Indicators Building
Multiple indicators suggest that CHF/JPY is showing strong bullish potential across short and medium-term timeframes. Here’s the breakdown:
1. Positive Volume Confirmation
Trading volume has been rising on upward price moves, indicating that buyers are actively supporting the rally.
This shows that the uptrend is backed by strong participation, increasing the likelihood of continuation.
2. Balance of Power (BOP) Bullish
The Balance of Power (BOP) has turned positive, signaling that buyers are in control. A bullish BOP aligns with the increasing volume and confirms that upward momentum is strong.
3. EMA Crossover Signals Uptrend
The short-term EMA (50 EMA) has crossed above the long-term EMA (200 EMA), a classic bullish signal. This crossover confirms a shift in trend and suggests potential for further upside.
4. Stochastic Oscillator Supports Bullish Pullbacks
The Stochastic (14,1,3) shows that the pair has recovered from oversold levels and is now moving upward, confirming that bullish momentum is gaining strength. No bearish divergence is present.
⚡ Conclusion
All key indicators — positive volume, bullish BOP, EMA cross up, and Stochastic support — suggest that CHF/JPY is poised for a bullish move.
Traders may consider long positions, entering on pullbacks, or holding for trend continuation, while managing risk carefully.
Rocket boost this content to learn more
Disclaimer: This is technical analysis only and not financial advice. Always use a simulation trading account before trading with real money,
and make sure to learn proper risk management and profit-taking strategies to protect your capital.
Multiple indicators suggest that CHF/JPY is showing strong bullish potential across short and medium-term timeframes. Here’s the breakdown:
1. Positive Volume Confirmation
Trading volume has been rising on upward price moves, indicating that buyers are actively supporting the rally.
This shows that the uptrend is backed by strong participation, increasing the likelihood of continuation.
2. Balance of Power (BOP) Bullish
The Balance of Power (BOP) has turned positive, signaling that buyers are in control. A bullish BOP aligns with the increasing volume and confirms that upward momentum is strong.
3. EMA Crossover Signals Uptrend
The short-term EMA (50 EMA) has crossed above the long-term EMA (200 EMA), a classic bullish signal. This crossover confirms a shift in trend and suggests potential for further upside.
4. Stochastic Oscillator Supports Bullish Pullbacks
The Stochastic (14,1,3) shows that the pair has recovered from oversold levels and is now moving upward, confirming that bullish momentum is gaining strength. No bearish divergence is present.
⚡ Conclusion
All key indicators — positive volume, bullish BOP, EMA cross up, and Stochastic support — suggest that CHF/JPY is poised for a bullish move.
Traders may consider long positions, entering on pullbacks, or holding for trend continuation, while managing risk carefully.
Rocket boost this content to learn more
Disclaimer: This is technical analysis only and not financial advice. Always use a simulation trading account before trading with real money,
and make sure to learn proper risk management and profit-taking strategies to protect your capital.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.