CHF/JPY
CHF JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: CHFJPY
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CHF/JPY - 15 min. - Technical analysis published on 10/08/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 163.68 JPY
My targets
164.75 JPY (+0.73)
165.38 JPY (+1.36)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/JPY. As long as you are above the support located at 163.68 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 164.75 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 165.38 JPY as an objective. Crossing it would then enable buyers to target 166.45 JPY. If the support 163.68 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by mkbnet. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The CHF/JPY price is 164.02 JPY. On the day, this instrument lost -0.07% and was between 163.72 JPY and 164.18 JPY. This implies that the price is at +0.18% from its lowest and at -0.10% from its highest.

163.72
164.18
164.02

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/JPY:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of CHF/JPY indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


MACD indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 15 minutes


Support of channel is broken

Type : Bearish

Timeframe : 15 minutes



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 162.36 162.86 163.91 164.02 164.29 166.47
Change (%) -1.01% -0.71% -0.07% - +0.16% +1.49%
Change -1.66 -1.16 -0.11 - +0.27 +2.45
Level Intermediate Major Minor - Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard161.35161.98163.05163.68164.75165.38166.45
Camarilla163.66163.82163.97164.13164.29164.44164.60
Woodie161.58162.09163.28163.79164.98165.49166.68
Fibonacci161.98162.63163.03163.68164.33164.73165.38


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard157.04158.52161.33162.81165.62167.10169.91
Camarilla162.95163.34163.74164.13164.52164.92165.31
Woodie157.70158.85161.99163.14166.28167.43170.57
Fibonacci158.52160.16161.18162.81164.45165.47167.10


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard157.23159.63161.40163.80165.57167.97169.74
Camarilla162.02162.41162.79163.17163.55163.94164.32
Woodie156.92159.47161.09163.64165.26167.81169.43
Fibonacci159.63161.22162.21163.80165.39166.38167.97

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 50.66
MACD (12,26,9): 0.0000
Directional Movement: 0.70
AROON (14): -85.71
DEMA (21): 164.01
Parabolic SAR (0,02-0,02-0,2): 163.72
Elder Ray (13): 0
Super Trend (3,10): 164.36
Zig ZAG (10): 164.02
VORTEX (21): 0.9000
Stochastique (14,3,5): 50.99
TEMA (21): 163.90
Williams %R (14): -29.79
Chande Momentum Oscillator (20): -0.13
Repulse (5,40,3): 0.1100
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.30
MA7: 163.11
MA20: 163.67
MA50: 164.47
MA100: 161.49
MAexp7: 163.95
MAexp20: 163.97
MAexp50: 163.82
MAexp100: 163.51
Price / MA7: +0.56%
Price / MA20: +0.21%
Price / MA50: -0.27%
Price / MA100: +1.57%
Price / MAexp7: +0.04%
Price / MAexp20: +0.03%
Price / MAexp50: +0.12%
Price / MAexp100: +0.31%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on CHF/JPY. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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