Forex analysis by Marius Ghisea (August 11-16)

CHF/JPY  Forecast (August 11-16)

Author: Ghisea Marius 

CHF/JPY Weekly chart

The weekly chart indicates the long-term trend for this parity, according to stochastic oscillator.  Even if CHF/JPY will go down in short term at 111,51, will be uptrend in long term. A target level for this parity is above 119.

CHF/JPY Daily chart

The confirmation of entry in the market is at 113,51 level for uptrend, where is Ema 55 on daily chart. CHF/JPY might close the gap at 119,31 in long term

About author:

Ghisea Marius  – fund manager and an advisor for institutional and individual investors. 10 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Ghisea Marius Facebook group

————————————————