The #Swiss franc has risen against the basket of currencies. Against the yen, the franc has risen to reach new highs not seen before. The bulls have pushed the pair into a state of overbought conditions.

The Forex Trade Time analysis team has conducted a detailed analysis of the pair:

#Daily Time Frame:

The RSI (Relative Strength Index) indicator has entered the overbought zone, crossing above the 70% level, indicating potential for a reversal.
The #MACD (Moving Average Convergence Divergence) indicator is also supporting the reversal theory for the same time frame.
The #Bollinger Bands have shown the price reaching the upper band, further confirming the overbought conditions.
All of the above provides a clear signal for the pair to reverse from the point of buying exhaustion.

4-Hour Time Frame:

The #RSI has reached the 80 level, forming a clear bearish divergence pattern.
The #MACD and OSMA (On-#Balance Volume MACD) indicators are also supporting the bearish outlook.
On the Bollinger Bands, the #price has reached the upper band and then bounced back from it.
The Forex Trade Time #analysis team sees potential sell opportunities in the near term for the #CHF/#JPY pair, as the market seems to be overbought and showing signs of a possible reversal from the current elevated levels.

.
#everyday_information #forex #option #Binary_Option #trading #trader #goldstocks #forextrader #fx_trade_time #fxttime #USDollar #euro #JPY #GBP #chfcurrency
#dubai #UAENews #ksasaudiarabia #Syrian #iraq #kuwait #jordan #morocco #Libya #tunisia #algerian #Egypt #qatar #lebanon
#كل_يوم_معلومه #فوركس #خيارات_ثنائيه #تداول_عملات #بورصه #ذهب #فوركس_تريد_تايم #اف_اكس_تريد_تايم #دولار #يورو
#دبي #امارات #السعوديه #سوريا #العراق #الكويت #الاردن #المغرب #ليبيا #تونس #الجزائر #مصر #قطر #لبنان
.
www.fxttime.com/trade