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CHF/JPY
CHF JPY
- JPY (-)
- Real time data - Forex
Open: -
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Type: Forex
Ticker: CHFJPY
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CHF/JPY - 1H - Technical analysis published on 02/06/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 170.90 JPY
My targets
170.41 JPY (-0.18)
169.95 JPY (-0.64)
My analysis
The bearish trend is currently very strong for CHF/JPY. As long as the price remains below the resistance at 170.90 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 170.41 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 169.95 JPY as an objective. Crossing it would then enable sellers to target 169.66 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7

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 price is 170.59 JPY. The price registered a decrease of -0.08% on the session and was between 170.49 JPY and 170.83 JPY. This implies that the price is at +0.06% from its lowest and at -0.14% from its highest.

170.49
170.83
170.59

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/JPY chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

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

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 169.66 169.95 170.41 170.59 170.90 171.23 171.43
Change (%) -0.55% -0.38% -0.11% - +0.18% +0.38% +0.49%
Change -0.93 -0.64 -0.18 - +0.31 +0.64 +0.84
Level Intermediate Minor Major - Intermediate Minor Intermediate



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
Standard169.41169.95170.34170.88171.27171.81172.20
Camarilla170.47170.56170.65170.73170.82170.90170.99
Woodie169.34169.91170.27170.84171.20171.77172.13
Fibonacci169.95170.31170.53170.88171.24171.46171.81


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard167.73168.70169.90170.87172.07173.04174.24
Camarilla170.51170.71170.91171.11171.31171.51171.71
Woodie167.86168.76170.03170.93172.20173.10174.37
Fibonacci168.70169.53170.04170.87171.70172.21173.04


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard162.53164.67167.56169.70172.59174.73177.62
Camarilla169.08169.54170.00170.46170.92171.38171.84
Woodie162.92164.86167.95169.89172.98174.92178.01
Fibonacci164.67166.59167.78169.70171.62172.81174.73

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): 40.44
MACD (12,26,9): -0.0700
Directional Movement: -0.70
AROON (14): -100.00
DEMA (21): 170.63
Parabolic SAR (0,02-0,02-0,2): 170.85
Elder Ray (13): -0.11
Super Trend (3,10): 171.13
Zig ZAG (10): 170.57
VORTEX (21): 0.9500
Stochastique (14,3,5): 30.87
TEMA (21): 170.60
Williams %R (14): -83.78
Chande Momentum Oscillator (20): -0.20
Repulse (5,40,3): -0.0900
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.13
MA7: 170.83
MA20: 170.75
MA50: 168.64
MA100: 167.35
MAexp7: 170.65
MAexp20: 170.72
MAexp50: 170.79
MAexp100: 170.81
Price / MA7: -0.14%
Price / MA20: -0.09%
Price / MA50: +1.16%
Price / MA100: +1.94%
Price / MAexp7: -0.04%
Price / MAexp20: -0.08%
Price / MAexp50: -0.12%
Price / MAexp100: -0.13%

Quotes : - Real time data - Forex

News


The last news published on CHF/JPY at the time of the generation of this analysis was as follows:

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

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