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CHF/JPY
CHF JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFJPY
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CHF/JPY - 1H - Technical analysis published on 02/12/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 170.78 JPY
My targets
169.89 JPY (-0.51)
169.66 JPY (-0.74)
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 170.78 JPY. The sellers' bearish objective is set at 169.89 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 169.66 JPY. In case of crossing, the next objective would be the support located at 169.26 JPY.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.3

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 170.40 JPY. The price registered a decrease of -0.18% on the session and was between 170.40 JPY and 170.83 JPY. This implies that the price is at 0% from its lowest and at -0.25% from its highest.

170.40
170.83
170.40

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/JPY:
The study of the highest / lowest by the Central Records scanner shows the following results:

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


Technical analysis of this 1H chart of CHF/JPY indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 169.26 169.66 169.89 170.40 170.43 170.78 171.02
Change (%) -0.67% -0.43% -0.30% - +0.02% +0.22% +0.36%
Change -1.14 -0.74 -0.51 - +0.03 +0.38 +0.62
Level Minor Minor Minor - Major Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.89170.18170.44170.73170.99171.28171.54
Camarilla170.55170.60170.65170.70170.75170.80170.85
Woodie169.88170.17170.43170.72170.98171.27171.53
Fibonacci170.18170.39170.52170.73170.94171.07171.28


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard167.34168.30169.50170.46171.66172.62173.82
Camarilla170.11170.30170.50170.70170.90171.10171.29
Woodie167.46168.36169.62170.52171.78172.68173.94
Fibonacci168.30169.13169.64170.46171.29171.80172.62


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 40.87
MACD (12,26,9): -0.0300
Directional Movement: 2.95
AROON (14): -7.15
DEMA (21): 170.61
Parabolic SAR (0,02-0,02-0,2): 170.83
Elder Ray (13): -0.12
Super Trend (3,10): 170.43
Zig ZAG (10): 170.51
VORTEX (21): 0.9400
Stochastique (14,3,5): 40.65
TEMA (21): 170.56
Williams %R (14): -74.36
Chande Momentum Oscillator (20): -0.08
Repulse (5,40,3): -0.0500
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.12
MA7: 170.47
MA20: 170.70
MA50: 168.79
MA100: 167.58
MAexp7: 170.57
MAexp20: 170.64
MAexp50: 170.60
MAexp100: 170.55
Price / MA7: -0.04%
Price / MA20: -0.18%
Price / MA50: +0.95%
Price / MA100: +1.68%
Price / MAexp7: -0.10%
Price / MAexp20: -0.14%
Price / MAexp50: -0.12%
Price / MAexp100: -0.09%

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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