CHF/JPY - 1H - Technical analysis published on 01/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 170.43 JPY
My targets
169.87 JPY (-0.21)
168.08 JPY (-2.00)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/JPY as long as the price remains well below 170.43 JPY. The sellers' bearish objective is set at 169.87 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 168.08 JPY. In case of crossing, the next objective would be the support located at 166.45 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY rating is 170.08 JPY. The price registered a decrease of -0.22% on the session and was between 169.92 JPY and 170.48 JPY. This implies that the price is at +0.09% from its lowest and at -0.23% from its highest.169.92
170.48
170.08
Here is a more detailed summary of the historical variations registered by CHF/JPY:
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
A technical analysis in 1H of this CHF/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 161.96 | 166.45 | 169.87 | 170.08 | 170.17 | 170.43 | 170.89 |
| Change (%) | -4.77% | -2.13% | -0.12% | - | +0.05% | +0.21% | +0.48% |
| Change | -8.12 | -3.63 | -0.21 | - | +0.09 | +0.35 | +0.81 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Intermediate |
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 | 168.29 | 169.02 | 169.73 | 170.46 | 171.17 | 171.90 | 172.61 |
| Camarilla | 170.05 | 170.19 | 170.32 | 170.45 | 170.58 | 170.71 | 170.85 |
| Woodie | 168.29 | 169.02 | 169.73 | 170.46 | 171.17 | 171.90 | 172.61 |
| Fibonacci | 169.02 | 169.57 | 169.91 | 170.46 | 171.01 | 171.35 | 171.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.08 | 168.98 | 169.80 | 170.70 | 171.52 | 172.42 | 173.24 |
| Camarilla | 170.16 | 170.32 | 170.47 | 170.63 | 170.79 | 170.95 | 171.10 |
| Woodie | 168.05 | 168.96 | 169.77 | 170.68 | 171.49 | 172.40 | 173.21 |
| Fibonacci | 168.98 | 169.63 | 170.04 | 170.70 | 171.35 | 171.76 | 172.42 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.31 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -10.11 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 170.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 170.59 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 170.79 | |
| Zig ZAG (10): | 170.23 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 45.10 | |
| TEMA (21): | 170.18 | |
| Williams %R (14): | -60.29 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.24 |
| MA7: | 170.67 | |
| MA20: | 169.78 | |
| MA50: | 168.30 | |
| MA100: | 166.82 | |
| MAexp7: | 170.22 | |
| MAexp20: | 170.28 | |
| MAexp50: | 170.36 | |
| MAexp100: | 170.45 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | +0.18% | |
| Price / MA50: | +1.06% | |
| Price / MA100: | +1.95% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.22% |
Quotes :
-
Real time data
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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:
-
CHF/JPY Forecast October 5, 2022
-
CHFJPY Potential Swing to the Long Side
-
CHF JPY: Set for another move lower?
This member declared not having a position on this financial instrument or a related financial instrument.
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