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CHF/JPY
CHF JPY
193.91 JPY (-0.03%)
03/18/2025 - 15:08 Open Real time data - Forex
Open: 193.97
Change: -0.06
Volume: 64,460
Low: 193.81
High: 194.91
High / Low range: 1.10
Type: Forex
Ticker: CHFJPY
ISIN:

CHF/JPY - 1H - Technical analysis published on 01/23/2024 (GMT)

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  • 01/23/2024 - 07:58
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  • Timeframe : 1H
  • - Analysis generated on 01/23/2024 - 07:58
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 170.57 JPY
My targets
169.99 JPY (-0.30)
168.08 JPY (-2.21)
My analysis
CHF/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 170.57 JPY. The next support located at 169.99 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 168.08 JPY. Below this support, sellers could then target 166.45 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1

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.

GCrow
This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/JPY rating is 170.29 JPY. On the day, this instrument lost -0.09% and was between 169.88 JPY and 171.18 JPY. This implies that the price is at +0.24% from its lowest and at -0.52% from its highest.

169.88
171.18
170.29

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/JPY:
Created with Raphaël 2.3.0-15015304560January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CHF/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 166.45 169.99 170.17 170.29 170.43 170.57 170.89
Change (%) -2.25% -0.18% -0.07% - +0.08% +0.16% +0.35%
Change -3.84 -0.30 -0.12 - +0.14 +0.28 +0.60
Level Intermediate Minor Minor - Major Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.08169.53169.99170.44170.90171.35171.81
Camarilla170.19170.27170.36170.44170.52170.61170.69
Woodie169.08169.53169.99170.44170.90171.35171.81
Fibonacci169.53169.88170.10170.44170.79171.01171.35


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard168.08168.98169.80170.70171.52172.42173.24
Camarilla170.16170.32170.47170.63170.79170.95171.10
Woodie168.05168.96169.77170.68171.49172.40173.21
Fibonacci168.98169.63170.04170.70171.35171.76172.42


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard155.89159.04163.30166.45170.71173.86178.12
Camarilla165.53166.21166.89167.57168.25168.93169.61
Woodie156.46159.32163.87166.73171.28174.14178.69
Fibonacci159.04161.87163.62166.45169.28171.03173.86

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
Created with Raphaël 2.3.0Sell8
Moving averages
Created with Raphaël 2.3.0Sell26

RSI (14): 44.85
MACD (12,26,9): 0.0000
Directional Movement: -6.03
AROON (14): -21.43
DEMA (21): 170.46
Parabolic SAR (0,02-0,02-0,2): 171.15
Elder Ray (13): -0.26
Super Trend (3,10): 171.37
Zig ZAG (10): 170.27
VORTEX (21): 0.9200
Stochastique (14,3,5): 40.57
TEMA (21): 170.51
Williams %R (14): -67.69
Chande Momentum Oscillator (20): -0.09
Repulse (5,40,3): -0.2400
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.24
MA7: 170.66
MA20: 169.59
MA50: 168.26
MA100: 166.77
MAexp7: 170.46
MAexp20: 170.46
MAexp50: 170.50
MAexp100: 170.56
Price / MA7: -0.22%
Price / MA20: +0.41%
Price / MA50: +1.21%
Price / MA100: +2.11%
Price / MAexp7: -0.10%
Price / MAexp20: -0.10%
Price / MAexp50: -0.12%
Price / MAexp100: -0.16%

Quotes : 01/23/2024 - 07:58 - 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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Londinia
Londinia AI

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