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CHF/JPY Trendless in a triangle

CHART SCALE
: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 136.983 - 134.12 - 132.8592
RESISTANCE LEVEL : 128.1893
PAIR ANALYSIS :
The CHF/JPY currency pair has been characterized by a trendless domination with some buyers opportunities around the support line and some sellers opportunity around the key level price 134.12 zone. The Linear Regression Slope around 0.7 seems to support a slightly bullish retracement, the cyclic and the chart analysis …
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Comment EURO -  The possibility of a Grexit strategy is correlated not only to the EURO area  pairs, like GBP, PLN, CHF, SEK, NOK but also to the USD, JPY,  commodities and  derivatives  counterparts.  In this context volatility can play a great role to the trading strategy.  The releases about Grexit can be evaluated with volatility strategy, but probably for the investors without a related strategy can be convenient to evade the trade.

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Comment 2 - KOF Leading Indicator at 89.66 points. The Swiss economy probably correlated with the improvement in cost of the franc  seem not bright. Even the Greek situation weighs on the Swiss franc. So it is possible to have a bearish recovery for the pair.

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The chart analysis in H1 indicates a  bullish trend supported by a 0.2  linear regression slope value and  with a selling distribution parabolic sar  tendency.  A possible objective for the 10/07/2015 can be indicated at the  130.97 zone.

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Comment EURO 2 - The Greek agreement seems to facilitate a EU pairs correlated improvement.  The IMF has been engaging in a sort of battle against its European partners in the Troika, leaking a memorandum in which it argues that Greece’s debt can be unsustainable and implying that the agreement could fail.

Actually the market indecision seems to suggest to hedge the positions in consideration of a  better understanding of the politics decisions. 

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Comment 5      - The Fed President Janet Yellen seems to suggest the possibility  that the central bank may raise interest rates  if the economy were to continue to improve as expected. This possibility with the release at 29/07/2015 could support a USD recovery.          This could also facilitate a bearish retracement of the anti-correlated pairs like EUR-CHF-GBP

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CHF/JPY Trendless in a triangle

CHART SCALE
: Weekly
INDICATORS
: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 129.806
RESISTANCE LEVEL : 124.12 - 120.001
PAIR ANALYSIS :
The CHF/JPY currency pair has been characterized by a trendless domination with some buyers opportunities around the support line and some sellers opportunity around the key level price 124.998. The Linear Regression Slope around 0.1 seems to support a slightly bullish retracement, the cyclic and the chart analysis facilitate the s…
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Comment 1 - The SNB’s Vice-Chairman,  suggest  that the central bank is improving the financial structural posed with negative interest rates. This evaluation could be a support in a CHF bullish retracement.

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Comment  2  - The Japanese Yen  seems in a slightly bearish tendency in consideration of the retracement after the Trade Balance report.

A  deficit of around -¥54.3 billion in  04/2015 instead the possible  -¥351.1 billion seems to have  improved part of  the economists and traders ahead of the release.

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