Home About the company Daily reviews CHF/JPY currency pair analysis 26.01.2022

CHF/JPY currency pair analysis 26.01.2022

26.01.2022

Market Review

The general trend is ascendant. The descendant wave structures of H4 and H2 are truncated at the moment. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when the ascendant wave structure forms, where a wave (A) pierces the inclined channel of the descendant truncated structure.

Stop loss below the mirror level 123.74.

Target levels: 125.66; 126.80.

Author: GC
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