CHF/JPY - 1H - Technical analysis published on 01/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 171.18 JPY
My targets
171.52 JPY (+0.05)
172.42 JPY (+0.95)
My analysis
The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 171.18 JPY, you could try to benefit from the boom. The first bullish objective is located at 171.52 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 172.42 JPY as an objective. Crossing it would then enable buyers to target 173.24 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
0
10
8.4
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/JPY rating 171.47 JPY. On the day, this instrument gained +0.66% and was between 170.09 JPY and 171.57 JPY. This implies that the price is at +0.81% from its lowest and at -0.06% from its highest.170.09
171.57
171.47
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
Technical analysis of CHF/JPY in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 170.43 | 170.60 | 171.18 | 171.47 | 171.59 |
| Change (%) | -0.61% | -0.51% | -0.17% | - | +0.07% |
| Change | -1.04 | -0.87 | -0.29 | - | +0.12 |
| Level | Intermediate | Minor | Major | - | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 168.58 | 169.26 | 169.81 | 170.49 | 171.04 | 171.72 | 172.27 |
| Camarilla | 170.01 | 170.13 | 170.24 | 170.35 | 170.46 | 170.58 | 170.69 |
| Woodie | 168.51 | 169.23 | 169.74 | 170.46 | 170.97 | 171.69 | 172.20 |
| Fibonacci | 169.26 | 169.73 | 170.02 | 170.49 | 170.96 | 171.25 | 171.72 |
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): | 70.59 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 20.77 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 170.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 170.60 | |
| Elder Ray (13): | 0.44 | |
| Super Trend (3,10): | 170.41 | |
| Zig ZAG (10): | 171.48 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 80.75 | |
| TEMA (21): | 171.09 | |
| Williams %R (14): | -6.12 | |
| Chande Momentum Oscillator (20): | 1.13 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.84 |
| MA7: | 170.71 | |
| MA20: | 170.12 | |
| MA50: | 168.36 | |
| MA100: | 166.93 | |
| MAexp7: | 171.03 | |
| MAexp20: | 170.74 | |
| MAexp50: | 170.62 | |
| MAexp100: | 170.57 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | +1.85% | |
| Price / MA100: | +2.72% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.53% |
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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