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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
ISIN:

CHF/JPY - 1H - Technical analysis published on 02/13/2024 (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
11%
56%
33%
My opinion
Bearish under 170.43 JPY
My targets
169.66 JPY (-0.33)
169.26 JPY (-0.73)
My analysis
The bearish trend is currently very strong for CHF/JPY. As long as the price remains below the resistance at 170.43 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 169.66 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 169.26 JPY as an objective. Crossing it would then enable sellers to target 166.45 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4

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 rating is 169.99 JPY. The price registered a decrease of -0.35% on the session and was traded between 169.88 JPY and 170.90 JPY over the period. The price is currently at +0.06% from its lowest and -0.53% from its highest.

169.88
170.90
169.99

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



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, which identifies the highest / lowest, has detected several elements:

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 CHF/JPY in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are bearish. There is still some doubt about the decline in the price.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 166.45 169.26 169.66 169.99 170.06 170.43 171.02
Change (%) -2.08% -0.43% -0.19% - +0.04% +0.26% +0.61%
Change -3.54 -0.73 -0.33 - +0.07 +0.44 +1.03
Level Intermediate Intermediate Minor - Intermediate Major Major



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
Standard169.38169.72170.15170.49170.92171.26171.69
Camarilla170.37170.44170.51170.58170.65170.72170.79
Woodie169.43169.74170.20170.51170.97171.28171.74
Fibonacci169.72170.01170.20170.49170.78170.97171.26


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 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): 29.52
MACD (12,26,9): -0.0300
Directional Movement: -20.15
AROON (14): 0
DEMA (21): 170.46
Parabolic SAR (0,02-0,02-0,2): 170.72
Elder Ray (13): -0.08
Super Trend (3,10): 170.70
Zig ZAG (10): 169.96
VORTEX (21): 0.9300
Stochastique (14,3,5): 57.58
TEMA (21): 170.45
Williams %R (14): -94.00
Chande Momentum Oscillator (20): -0.61
Repulse (5,40,3): -0.6000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.03
MA7: 170.32
MA20: 170.66
MA50: 168.81
MA100: 167.65
MAexp7: 170.42
MAexp20: 170.50
MAexp50: 170.53
MAexp100: 170.52
Price / MA7: -0.19%
Price / MA20: -0.39%
Price / MA50: +0.70%
Price / MA100: +1.40%
Price / MAexp7: -0.25%
Price / MAexp20: -0.30%
Price / MAexp50: -0.32%
Price / MAexp100: -0.31%

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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