CHF/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - Daily - Technical analysis published on 01/08/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 166.45 JPY

My targets

170.71 JPY (+0.63)

173.86 JPY (+3.78)

My analysis

The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 166.45 JPY, you could try to benefit from the boom. The first bullish objective is located at 170.71 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 173.86 JPY as an objective. Crossing it would then enable buyers to target 178.12 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

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 MikeBMVP. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHF/JPY price is 170.08 JPY. On the day, this instrument lost -0.01% and was between 170.08 JPY and 170.18 JPY. This implies that the price is at 0% from its lowest and at -0.06% from its highest.

170.08

170.18

170.08

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHF/JPY:

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CHF/JPY indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	159.62	161.96	166.45	170.08	170.45
Change (%)	-6.15%	-4.77%	-2.13%	-	+0.22%
Change	-10.46	-8.12	-3.63	-	+0.37
Level	Minor	Intermediate	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
Standard	169.38	169.66	169.88	170.16	170.38	170.66	170.88
Camarilla	169.96	170.01	170.05	170.10	170.15	170.19	170.24
Woodie	169.35	169.65	169.85	170.15	170.35	170.65	170.85
Fibonacci	169.66	169.85	169.97	170.16	170.35	170.47	170.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	163.71	165.25	167.72	169.26	171.73	173.27	175.74
Camarilla	169.08	169.45	169.81	170.18	170.55	170.92	171.28
Woodie	164.17	165.48	168.18	169.49	172.19	173.50	176.20
Fibonacci	165.25	166.79	167.73	169.26	170.80	171.74	173.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	155.89	159.04	163.30	166.45	170.71	173.86	178.12
Camarilla	165.53	166.21	166.89	167.57	168.25	168.93	169.61
Woodie	156.46	159.32	163.87	166.73	171.28	174.14	178.69
Fibonacci	159.04	161.87	163.62	166.45	169.28	171.03	173.86

Numerical data

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

Technical indicators

Moving averages

RSI (14):	63.15
MACD (12,26,9):	0.8000
Directional Movement:	13.80
AROON (14):	85.71
DEMA (21):	168.78
Parabolic SAR (0,02-0,02-0,2):	165.50
Elder Ray (13):	1.67
Super Trend (3,10):	165.91
Zig ZAG (10):	170.10
VORTEX (21):	1.2300
Stochastique (14,3,5):	90.88
TEMA (21):	169.53
Williams %R (14):	-9.76
Chande Momentum Oscillator (20):	3.77
Repulse (5,40,3):	0.3500
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	5.07

MA7:	169.13
MA20:	167.02
MA50:	167.49
MA100:	166.27
MAexp7:	169.28
MAexp20:	167.99
MAexp50:	167.22
MAexp100:	165.52
Price / MA7:	+0.56%
Price / MA20:	+1.83%
Price / MA50:	+1.55%
Price / MA100:	+2.29%
Price / MAexp7:	+0.47%
Price / MAexp20:	+1.24%
Price / MAexp50:	+1.71%
Price / MAexp100:	+2.75%

Quotes : - Real time data - Forex

News

The latest news and videos published on CHF/JPY at the time of the analysis were as follows:

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

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