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CHF/JPY
CHF JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CHFJPY
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CHF/JPY - 1H - Technical analysis published on 01/30/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 171.18 JPY
My targets
170.38 JPY (-0.58)
170.17 JPY (-0.79)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHF/JPY as long as the price remains well below 171.18 JPY. The next bearish objective for sellers is set at 170.38 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 170.17 JPY. In case of crossing, the next objective would be the support located at 169.95 JPY. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 170.38 JPY. With this support, against the trend traders who want to buy CHF/JPY on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.8

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.

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

CHF/JPY rating 170.96 JPY. On the day, this instrument lost -0.15% and was between 170.79 JPY and 171.23 JPY. This implies that the price is at +0.10% from its lowest and at -0.16% from its highest.

170.79
171.23
170.96

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 170.17 170.38 170.80 170.96 171.18 171.38 171.67
Change (%) -0.46% -0.34% -0.09% - +0.13% +0.25% +0.42%
Change -0.79 -0.58 -0.16 - +0.22 +0.42 +0.71
Level Intermediate Minor Intermediate - Major Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.71170.25170.74171.28171.77172.31172.80
Camarilla170.94171.03171.13171.22171.31171.41171.50
Woodie169.68170.24170.71171.27171.74172.30172.77
Fibonacci170.25170.65170.89171.28171.68171.92172.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard168.30169.02170.23170.95172.16172.88174.09
Camarilla170.91171.09171.26171.44171.62171.79171.97
Woodie168.55169.14170.48171.07172.41173.00174.34
Fibonacci169.02169.76170.21170.95171.69172.14172.88


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 43.34
MACD (12,26,9): -0.0600
Directional Movement: -5.95
AROON (14): -71.43
DEMA (21): 171.02
Parabolic SAR (0,02-0,02-0,2): 170.79
Elder Ray (13): -0.02
Super Trend (3,10): 171.51
Zig ZAG (10): 170.98
VORTEX (21): 0.9200
Stochastique (14,3,5): 31.62
TEMA (21): 170.93
Williams %R (14): -64.71
Chande Momentum Oscillator (20): -0.22
Repulse (5,40,3): -0.0600
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.09
MA7: 170.84
MA20: 170.49
MA50: 168.44
MA100: 167.05
MAexp7: 171.00
MAexp20: 171.09
MAexp50: 171.08
MAexp100: 170.95
Price / MA7: +0.07%
Price / MA20: +0.28%
Price / MA50: +1.50%
Price / MA100: +2.34%
Price / MAexp7: -0.02%
Price / MAexp20: -0.08%
Price / MAexp50: -0.07%
Price / MAexp100: +0.01%

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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