Technical Analysis #C-LHOG : 2021-09-13

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

Recommendation for Lean Hog:Sell​


Sell Stop:Below 78.99​

Stop Loss:Above 88.36

Indicator Signal
RSI Buy
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Neutral
Parabolic SAR Sell

Chart Analysis​

b319ea556e26d7ace7edf68be54b9140d3874cec.png


The #C-LHOG technical analysis of the price chart on daily timeframe shows #C-LHOG,D1 is testing the resistance turned support line below the 200-day moving average MA(200), which is rising still. We believe the bearish momentum will continue as the price breaches below the lower Donchian boundary at 78.99. A pending order to buy can be placed below that level. The stop loss can be placed above 88.36. After placing the order, the stop loss is to be moved every day to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (88.36) without reaching the order (78.99), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis​

Lean hog price continues falling as Chinese pork imports fell in August. Will the LHOG retreat continue?

China imported 758,000 metric tons (MT) of meat (including offal) in August. That was down 11.2% from July and 8.9% compared with August 2020. Accounting for the first eight months of this year, Chinese meat imports totaled nearly 6.7 million MT, up 1.7% versus the same period last year. China is the second largest pork importing country in the world after Japan. Total slaughter numbers in the first six months of 2021 in Japan were up 1.4 percent from 2020. Higher domestic pork supply translates into lower pork import which is bearish for LHOG.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

S&P 500 Index Technical Analysis - S&P 500 Index Trading: 2022-09-19​


S&P 500 Index Technical Analysis Summary​

Above 3825

Buy Stop

Below 4325

Stop Loss



IndicatorSignal
RSINeutral
MACDSell
MA(200)Neutral
FractalsSell
Parabolic SARSell
Bollinger BandsNeutral


S&P 500 Index Chart Analysis​


S&P 500 Index Technical Analysis​

On the daily timeframe, SP500: D1 keeps the medium-term down channel. It broke down the support line of the short-term uptrend. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if SP500: D1 falls below its most recent low: 3825. This level can be used as an entry point. The initial risk limit is possible above the last 4 upper fractals, the upper Bollinger band, the 200-day moving average line and the Parabolic signal: 4325. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (4325) without activating the order (3825), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Indices - S&P 500 Index​

A Fed rate hike could help correct the stock market. Will the SP500 quotes continue to decline?

The next meeting of the Fed will take place on September 21, Wednesday. According to CME FedWatch, with a probability of 84% the rate will be increased by 0.75% and with a probability of 16% - immediately by 1%. Now it is 2.5%. Higher rates could increase corporate leverage. In addition, it boosts the yields of bonds, which usually compete with stocks for investors' money. The US 10 Year Treasury yield is now approaching 3.5% per annum. An additional negative for the US stock market may be the opinion of the World Bank that in 2023 the global economy may face a recession. In other words, there is a risk that global GDP will contract by 0.4% if global core inflation rises twice the 5-year average or up to 5% y/y (excluding energy prices). At the same time, the World Bank hopes to maintain a slight global growth at the end of the current year at the level of +0.5%. Recall that in January he predicted global GDP growth in 2022 by 4.1%. In 2021, global GDP increased by 5.7%.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

DAX Index Technical Analysis - DAX Index Trading: 2022-09-20​


DAX Index Technical Analysis Summary​


Above 12400

Buy Stop

Below 14050

Stop Loss



IndicatorSignal
RSINeutral
MACDBuy
MA(200)Neutral
FractalsNeutral
Parabolic SARSell
Bollinger BandsNeutral


DAX Index Chart Analysis​




DAX Index Technical Analysis​

On the daily timeframe, DE30: D1 is in a long-term triangle. It must be broken down before opening a position. A number of technical analysis indicators have formed downward signals, but the main signal may be the chart exiting the triangle downwards. We do not rule out a bearish movement if DE30: D1 falls below the triangle support line and the low since November 2020: 12400. This level can be used as an entry point. The initial risk limit is possible above the last upper fractal, the upper Bollinger band, the 200-day moving average line and the Parabolic signal: 14050. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (14050) without activating the order (12400), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Indices - DAX Index​

The German economy is showing signs of slowing down. Is the correction of DE30 quotes possible?

Germany Producer Price Index for August will be published on September 20. It is expected to decline slightly compared to the record growth of +37.2% in July this year. A strong rise in energy prices could have a negative impact on the performance of German companies. Note that in the last 10 years Germany Trade Balance n.s.a. fluctuated around the mark of 20 billion euros per month. This year it is noticeably lower (4.9 billion euros in July). This may be an indirect sign of a decrease in the activity of German export companies. On September 23, the S&P Global Germany PMI for September will be released, which may affect the dynamics of DE30. Recall that the quarterly reports of German companies will be published at the end of October.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

Gold Euro Technical Analysis - Gold Euro Trading: 2022-10-03​


Gold Euro Technical Analysis Summary


Above 1725

Buy Stop

Below 1645

Stop Loss

IndicatorSignal
RSINeutral
MACDBuy
MA(200)Neutral
FractalsNeutral
Parabolic SARBuy
Bollinger BandsNeutral

Gold Euro Chart Analysis​


image


Gold Euro Technical Analysis​



On the daily timeframe, XAUEUR: D1 is in a long - term neutral trend. It approached the 200-day sliding midline, which should be broken up before opening a position. A number of technical analysis indicators formed signals to a further increase. We do not exclude the bullish movement if XAUEUR: D1 rises above the last upper fractal and a 200-day sliding mid-line: 1725. This level can be used as an entry point. The initial risk restriction is possible below the last lower fractal, the Parabolic signal and the lower line of the Bollinger: 1645. After the opening of the pending order, we move the feet after the signals of the Bollinger and Parabolic to the next fractal minimum. Thus, we change the potential ratio of profit/loss in our favor. After the transaction, the most cautious traders can switch to a four-hour schedule and set the stop loss, moving it in the direction of movement. If the price overcome the level of the foot (1645), without activating the warrant (1725), it is recommended to delete the application: internal changes that were not taken into account on the market.

Fundamental Analysis of Precious Metals - Gold Euro​



Precious metals may rise in price against the backdrop of high inflation. Will the XAUEUR quotes go up?

Preliminary inflation in Germany (Germany Consumer Price Index) reached 10% y/y in September. This is the highest since 1951. Earlier, inflation in German industry soared to 45.8% y/y in August. All this can increase economic risks and contribute to an increase in demand for gold. We note that preliminary inflation for September in the entire European Union also amounted to 10% y/y. This is much higher than the European Central Bank rate, which is currently 1.25%. On October 4, the speech of the head of the ECB (European Central Bank President Lagarde Speech) is expected, which may affect the dynamics of the euro. The next meeting of the ECB will take place on 27 October. Gold may be supported by a decrease in the yield of the United States 10-Year Bond to 3.7% per annum on Friday from 4% per annum on Wednesday last week.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

EUR/PLN Technical Analysis - EUR/PLN Trading: 2022-10-12​


EUR/PLN Technical Analysis Summary​


Above 4.9
Buy Stop

Below 4.7
Stop Loss


IndicatorSignal
RSINeutral
MACDBuy
MA(200)Neutral
FractalsNeutral
Parabolic SARBuy
Bollinger BandsNeutral

EUR/PLN Chart Analysis​



image


EUR/PLN Technical Analysis​


On the daily timeframe, EURPLN: D1 approached the resistance line of the growing channel. It must be broken up before opening a buy position. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if EURPLN rises above the last two up fractals: 4.9. This level can be used as an entry point. Initial risk cap possible below the Parabolic signal, the last two down fractals and the 200-day moving average: 4.7. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (4.7) without activating the order (4.9), it is recommended to delete the order: there are internal changes in the market that were not taken into account.


Fundamental Analysis of Forex - EUR/PLN​


In Poland, record inflation may persist. Will the EURPLN quotes continue to increase?

The upward movement means the Polish zloty weakens against the euro. Last week, on October 5, the National Bank of Poland kept the rate at 6.75%. This is the highest since 2002. At the same time, preliminary inflation in the country in September reached its maximum since 1997 and amounted to 17.2% y/y. October 14 will be the final data on inflation in Poland for September. It will most likely coincide with the record preliminary level, which is much higher than the NBP rate. An additional negative for the zloty could be an increase in defense spending in the draft budget for 2023. They can amount to 14.5% of the total planned budget expenditures. We note that the draft Polish budget for the next year includes relatively high inflation of 9.8% y/y (above the current NBP rate).
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

Orange Juice Technical Analysis - Orange Juice Trading: 2022-10-13​


Orange Juice Technical Analysis Summary​


Above 198
Buy Stop


Below 173
Stop Loss


IndicatorSignal
RSINeutral
MACDBuy
MA(200)Neutral
FractalsNeutral
Parabolic SARBuy
Bollinger BandsNeutral

Orange Juice Chart Analysis​


1665646901344.png


Orange Juice Technical Analysis​


On the daily time frame, ORANGE: D1 came out of the triangle and the bullish flag. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if ORANGE: D1 rises above the latest up fractal and the high since December 2016: 198. This level can be used as an entry point. The initial risk limit is possible below the lower border of the triangle, the last 2 lower fractals and the Parabolic signal: 173. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (173) without activating the order (198), it is recommended to delete the order: there are internal changes in the market that were not taken into account.


Fundamental Analysis of Commodities - Orange Juice​


In the US, the orange crop is expected to decline. Will ORANGE quotes go up?


The United States Department of Agriculture forecasts the 2022/2023 US orange harvest at 3.19 million tones. This is 8% less than in the 2021/2022 season. Florida is expected to experience a 32% crop decline and California a 17% increase. In Florida, orange trees were hit this year by the hurricane (Hurricane Ian). Harvest there may be the lowest since 1943. It turns out that the USDA is expecting a reduction in the production of oranges in the US for the 5th consecutive season. This is due to both a decrease in the area under orange trees (about a third in 10 years) and a decrease in yields. An additional positive for quotes may be a drought in Brazil.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

Feeder Cattle Technical Analysis - Feeder Cattle Trading: 2022-10-24​


Feeder Cattle Technical Analysis Summary​

Above 179

Buy Stop

Below 170,5

Stop Loss

IndicatorSignal
RSIBuy
MACDBuy
MA(200)Neutral
FractalsBuy
Parabolic SARBuy
Bollinger BandsNeutral

Feeder Cattle Chart Analysis​

image


Feeder Cattle Technical Analysis​

On the daily timeframe, FCATTLE: D1 went up from the rising channel. Prior to that, he was unable to break down the 200-day moving average line. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if FCATTLE: D1 rises above its most recent high of 179. This level can be used as an entry point. Initial risk cap is possible below the Parabolic signal, 200-day moving average line, lower Bollinger band and the last 2 lower fractals: 170.5. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (170.5) without activating the order (179), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Feeder Cattle​

In the US, beef production has declined slightly. Will FCATTLE quotes go up?

According to the USDA, beef production in September 2022 decreased by 5% compared to August 2022, to 2,391 million pounds. Compared to September 2021, beef production increased by 4%. Theoretically, such an increase could cause a reduction in the number of cattle in American feedlots in September. Information about this will become available on October 24 and may affect quotes. In addition, on October 24, China will release data on GDP for the 3rd quarter and on foreign trade for September. China holds over 30% of the world’s beef imports.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

EUR/GBP Technical Analysis - EUR/GBP Trading: 2022-10-31​

EUR/GBP Technical Analysis Summary​


Below 0,856
Sell Stop

Above 0,888
Stop Loss


IndicatorSignal
RSINeutral
MACDSell
MA(200)Sell
FractalsNeutral
Parabolic SARSell
Bollinger BandsNeutral

EUR/GBP Chart Analysis​


image



EUR/GBP Technical Analysis​


On the daily timeframe, EURGBP: D1 has broken down the 200-day moving average line and is moving towards the lower border of the neutral range. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if EURGBP: D1 falls below the latest down fractal: 0.856. This level can be used as an entry point. Initial risk cap is possible above the 200-day moving average, the last 2 upper fractals, the upper Bollinger band and the Parabolic signal: 0.888. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal maximum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (0.888) without activating the order (0.856), it is recommended to delete the order: there are internal changes in the market that were not taken into account.


Fundamental Analysis of Forex - EUR/GBP​


The British Central Bank may raise rates. Will EURGBP quotes continue to decline?


Downward movement means the strengthening of the British pound against the euro. The next meeting of the BoE will take place on November 3rd. Market participants do not rule out an increase in the rate by 0.75% - up to 3% from the current level of 2.25%. In September, inflation in Britain reached 10.1% y/y. The data for October will be released on November 16th. The ECB rate is 2%. Its next meeting will not be soon - December 15th. Inflation in the EU in September was almost the same as in Britain and amounted to 9.9% y/y. Preliminary data for October will be published on October 31 and may affect the dynamics of the euro. In addition, the European Union Gross Domestic Product for the 3rd quarter will also be released on October 31 in the first reading (Flash).
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

Yuan vs Yen Technical Analysis - Yuan vs Yen Trading: 2022-11-14​


CNH JPY Technical Analysis Summary​

Below 20,95
Sell Stop

Above 19,55
Stop Loss

IndicatorSignal
RSINeutral
MACDSell
MA(200)Sell
FractalsSell
Parabolic SARSell
Bollinger BandsSell

CNH JPY Chart Analysis​

CNH JPY Chart Analysis

CNH JPY Technical Analysis​

On the daily timeframe, CNHJPY: D1 broke down the support line of the long-term uptrend, as well as the 200-day moving average. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if CNHJPY: D1 falls below the latest low of 19.55. This level can be used as an entry point. Initial risk cap possible above all-time high, last 3 upper fractals, upper Bollinger band, Parabolic signal and 200-day moving average line: 20.95. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal high. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (20.95) without activating the order (19.55), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of PCI - CNH JPY​

China and Japan are expected to publish important economic data. Will CNHJPY quotes continue to decline?

In this review, we propose to consider the personal composite instrument (PCI) Chinese Yuan/Japanese Yen. It declines when the yuan weakens against the yen. On November 15th will be published preliminary Japan GDP for the 3rd quarter, on November 17 - Trade Balance for October and on November 18 - inflation also for October. These data may help investors refine their forecast for a possible tightening of the monetary policy of the Bank of Japan (-0.1% current rate) at a meeting on December 20th. This week in China, some economic indicators for October will be released only on December 15: Industrial Production, Retail Sales, Unemployment Rate, Fixed Asset Investment. Preliminary forecasts of these data look moderately negative.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

Natural Gas vs Oil Technical Analysis - Natural Gas vs Oil Trading: 2022-11-21​


Gas Oil Technical Analysis Summary​


Above 1,5
Buy Stop

Below 1,12
Stop Loss

IndicatorSignal
RSINeutral
MACDBuy
MA(200)Buy
FractalsBuy
Parabolic SARBuy
Bollinger BandsBuy



Gas Oil Chart Analysis​


1669036301997.png

Gas Oil Technical Analysis​

On the daily timeframe, GAS/OIL: D1 is in an uptrend and has broken through the triangle resistance line upwards, as well as the 200-day moving average line. Some indicators of technical analysis have formed signals for a further increase. We do not rule out a bullish movement if GAS/OIL: D1 rises above its most recent high of 1.5. This level can be used as an entry point. Initial risk cap is possible below the lower Bollinger band, Parabolic signal, 200-day moving average line and 4 lower fractals: 1.12. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (1.12) without activating the order (1.5), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of PCI - Gas Oil​

In this review, we propose to consider the PCI &GAS/OIL. It reflects the dynamics of changes in the cost of American natural gas relative to American WTI light oil. Will GAS/OIL quotes rise?

Their rise means that natural gas is in higher demand than oil. Natural gas in the US is often used for heating. Demand for it may increase with the onset of cold weather. The Atmospheric G2 agency predicts a decrease in air temperature in the United States. An additional positive for natural gas quotes may be a message from the US Energy Information Administration on the growth of its stocks in the US for the week less than expected. In turn, oil is getting cheaper amid an increase in the number of coronavirus cases in China, as well as in anticipation of the start of new European economic sanctions against Russia on December 5. They suggest limiting the price of Russian oil.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

USD ZAR Technical Analysis - USD ZAR Trading: 2022-11-28​


USD/ZAR Technical Analysis Summary​

Below 16,84
Sell Stop
Above 18,52
Stop Loss


IndicatorSignal
RSINeutral
MACDSell
MA(200)Neutral
FractalsSell
Parabolic SARSell
Bollinger BandsNeutral

USD/ZAR Chart Analysis​

USD/ZAR Chart Analysis

USD/ZAR Technical Analysis​

On the daily timeframe, USDZAR: D1 broke down the support line of the rising channel and approached the 200-day moving average line. It must be broken down before opening a position. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if USDZAR: D1 drops below the 200-day moving average of 16.84. This level can be used as an entry point. The initial risk limit is possible above the last 2 upper fractals, the upper Bollinger band and the Parabolic signal: 18.52. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal maximum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (18.52) without activating the order (16.84), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Forex - USD/ZAR​

South African Reserve Bank raised the rate. Will USDZAR quotes continue to decline?

The South African Central Bank raised the rate to 7% from 6.25%. Now it has almost caught up with inflation, which was +7.6% y/y in October. This is not much more than September's +7.5% y/y. We note that the South Africa Producer Price Index (inflation in industry) in October fell to +16% y/y compared to +16.3% y/y in September. Signs of slowing inflation may support the quotes of the South African rand. November 29 in South Africa will be significant data on unemployment, November 30 - trade balance and December 1 - Absa South Africa Manufacturing Purchasing Managers Index (index of business activity in industry). There will be a lot of important statistics in the US this week, including the publication of the United States Nonfarm Payrolls on December 2nd.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

Soybean Trade Technical Analysis - Soybean Trade Trading: 2022-11-29​


Soybean Technical Analysis Summary​



Above 1470
Buy Stop
Below 1380
Stop Loss

IndicatorSignal
RSINeutral
MACDSell
MA(200)Neutral
FractalsNeutral
Parabolic SARBuy
Bollinger BandsNeutral

Soybean Chart Analysis​

Soybean Chart Analysis

Soybean Technical Analysis​

On the daily time frame, SOYB: D1 formed a triangle with resistance in the form of a 200-day moving average line. He must exit it to the top before opening a position. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if SOYB: D1 rises above the 200-day moving average and the last 3 upper fractals: 1470. This level can be used as an entry point. The initial risk limit is possible below the Parabolic signal, the lower Bollinger line and the last 2 lower fractals: 1380. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (1380) without activating the order (1470), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Soybean​

Argentina and Brazil may reduce the supply of soybeans to the world market. Will SOYB quotes go up?

In the 2022/2023 season, soybean sowing in Argentina slowed down significantly due to drought. According to the Buenos Aires Grain Exchange, there are now 20% fewer areas planted with soybeans in Argentina than last year. In addition, market participants are trying to evaluate the new Argentine soybean export procedure through the soy dollar mechanism. It is assumed that it should increase the profitability of farmers while increasing foreign exchange earnings and tax revenues for the state. Brazil is set to increase the share of biodiesel in domestic use from the current 10% to 15% from April 2023. According to various estimates, such a decision could increase the domestic consumption of soybeans in Brazil by 30 million tons per year. Recall that in recent years, soybean exports from Brazil amounted to about 80-90 million tons.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com

CHF JPY Technical Analysis - CHF JPY Trading: 2022-12-05​


CHF/JPY Technical Analysis Summary​



Below 142,5

Sell Stop

Above 150,5

Stop Loss



IndicatorSignal
RSINeutral
MACDSell
MA(200)Neutral
FractalsSell
Parabolic SARSell
Bollinger BandsSell


CHF/JPY Chart Analysis​

2ccf7510736e7f0d255275cd7c146809b69d45fd.png


CHF/JPY Technical Analysis​

On the daily timeframe, CHFJPY: D1 went down from the triangle. A number of technical analysis indicators have formed downward signals. We do not rule out a bearish movement if CHFJPY: D1 falls below the last low and lower Bollinger band: 142.5. This level can be used as an entry point. The initial risk limit is possible above the last 4 upper fractals, the upper Bollinger line and the Parabolic signal: 150.5. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (150.5) without activating the order (142.5), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Forex - CHF/JPY​

The Japanese yen showed a strong strengthening in November. Will CHFJPY quotes continue to decline?

The move down means the weakening of the Swiss franc against the Japanese yen. In November, the Japanese yen appreciated about 7% against the US dollar. This is the maximum for 14 years. It is possible that it will strengthen against other currencies as well. The Bank of Japan (BOJ) is the only global central bank to maintain a negative rate (-0.1%). Some market participants do not exclude the tightening of its monetary policy at the meeting on December 20th. Inflation in Japan in October amounted to 3.7% y/y. On December 8, Japan will release data on GDP for the 3rd quarter in the final estimate. In Switzerland on December 7, there are data on unemployment for November. The next meeting of Swiss National Bank (SNB) will take place on December 15. Its rate is +0.5% and no increase is expected.