CHF/JPY – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 108.30 is resistance

CHF/JPY - Currency exchange rate forecast 23.08.2019: the downside prevails as long as 108.30 is resistance

Alternative scenario: the upside breakout of 108.30 would call for 108.62 and 108.80.

Our pivot point stands at 108.30.

Our preference: the downside prevails as long as 108.30 is resistance.

Alternative scenario: above 108.30, look for 108.62 and 108.80.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 108.16 and 108.20).

Supports and resistances:

108.80 **

108.62 *

108.30 **

108.18

108.01 last

107.64

107.45 **

107.27 *

107.08 **

CHF/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 108.81 is resistance

CHF/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 108.81 is resistance

Alternative scenario: the upside breakout of 108.81 would call for 109.13 and 109.31.

108.81 is our pivot point.

Our preference: the downside prevails as long as 108.81 is resistance.

Alternative scenario: above 108.81, look for 109.13 and 109.31.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 108.61 and 108.63).

Supports and resistances:

109.31 **

109.13 *

108.81 **

108.69

108.56 last

108.18

107.99 **

107.80 *

107.62 **

CHF/JPY Currency exchange rate forecast 16.08.2019: the downside prevails as long as 108.83 is resistance

CHF/JPY Currency exchange rate forecast 16.08.2019: the downside prevails as long as 108.83 is resistance

The configuration is negative.

Our pivot point is at 108.83.

Our preference: the downside prevails as long as 108.83 is resistance.

Alternative scenario: above 108.83, look for 109.14 and 109.33.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 108.61 and 108.73).

Supports and resistances:

109.33 **

109.14 *

108.83 **

108.70

108.55 last

108.17

107.99 **

107.80 *

107.61 **

CHF/JPY Currency exchange rate forecast 15.08.2019: under pressure below 109.09

CHF/JPY Currency exchange rate forecast 15.08.2019: under pressure below 109.09

Alternative scenario: the upside breakout of 109.09 would call for 109.40 and 109.59.

Our pivot point stands at 109.09.

Our preference: under pressure below 109.09.

Alternative scenario: the upside breakout of 109.09, would call for 109.40 and 109.59.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair stands below its 20 and 50 MAs (respectively at 108.84 and 108.85).

Supports and resistances:

109.59 **

109.40 *

109.09 **

108.96

108.77 last

108.36

108.18 **

107.99 *

107.80 **

CHF/JPY Currency exchange rate forecast 13.08.2019: our next up target stands at 109.15

CHF/JPY Currency exchange rate forecast 13.08.2019: our next up target stands at 109.15

The MACD must break above its zero level to call for further upside.

Our pivot point stands at 108.32.

Our preference: our next up target stands at 109.15.

Alternative scenario: below 108.32, expect 108.01 and 107.82.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 108.49 and 108.51).

Supports and resistances:

109.52 **

109.34 *

109.15 **

108.96

108.57 last

108.44

108.32 **

108.01 *

107.82 **

CHF/JPY Currency exchange rate forecast 12.08.2019: the downside prevails as long as 108.48 is resistance

CHF/JPY Currency exchange rate forecast 12.08.2019: the downside prevails as long as 108.48 is resistance

Our preference: the downside prevails as long as 108.48 is resistance.

Our pivot point stands at 108.48.

Our preference: the downside prevails as long as 108.48 is resistance.

Alternative scenario: above 108.48, look for 108.79 and 108.98.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 108.34 and 108.48).

Supports and resistances:

108.98 **

108.79 *

108.48 **

108.36

108.21 last

107.84

107.65 **

107.46 *

107.28 **

CHF/JPY – Currency exchange rate forecast 10.05.2019: the upside prevails as long as 108.03 is support

CHF/JPY - Currency exchange rate forecast 10.05.2019: the upside prevails as long as 108.03 is support

The MACD is positive and above its signal line.

Our pivot point stands at 108.03.

Our preference: the upside prevails as long as 108.03 is support.

Alternative scenario: below 108.03, expect 107.71 and 107.53.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 108.25 and 108.14).

Supports and resistances:

109.28 **

109.10 *

108.91 **

108.72

108.32 last

108.15

108.03 **

107.71 *

107.53 **