Currently set to No Index
Currently set to No Follow
Tuesday, May 17, 2022

+660 Points reached in CHFJPY sell signal after breaking the bottom level of the descending triangle
1 mins well spent

CHFJPY Analysis

CHFJPY has broken the bottom level of the descending triangle in the 4-hour timeframe chart.

After the confirmation of downtrend movement, CHFJPY Sell signal given.

CHFJPY T1 on Nov18 G on Nov16

CHFJPY Reached the take profit target successfully.

Swiss Franc: US secretary Janet Yellen Speech

US Treasury secretary Janet Yellen said that the default deadline of US Debt ceiling time was extended to December 15 from December 3rd.

And Yellen has given a deadline for limit increasing to congress for cautious mode.

FED Powell testimony and US Treasury Janet Yellen speech are scheduled this week. 

And US 10-year yield marked higher to 1.644% last day after Debt ceiling time was extended.

Swiss Franc made lower after US Dollar strong bulls found in the market.

Japanese Yen: Japanese Machine orders came below expectations

UK Pound makes higher against Japanese Yen after Stronger CPI data printed last day; Employment report printed higher numbers this week.

And Current PM Kishida makes proper stimulus to arrange for recovering pandemic and needs more stimulus to cover all pandemic affected areas in Japan.

Japan Prime minister Fumio Kishida said a More Economic package discussion meeting will be scheduled next month.

Japanese Core machine orders came below expectations this week, and 12.6% annually came.

The UK wish to play Article 16 on Northern Ireland protocol, but the EU said if triggered, then the UK will face tit for tat trade war stance.

Don’t trade at your free time, instead trade the markets only when there are confirmed trade setups.

Get confirmed trade setups here:

Also read

75% Special Offer for Forex Signals