CHF/JPY - 1H - Technical analysis published on 02/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 170.42 JPY
My targets
169.55 JPY (-0.64)
169.26 JPY (-0.93)
My analysis
The strong short-term decline of CHF/JPY reinforces the current slightly bearish trend. As long as the price remains below 170.42 JPY, you could take advantage of this bearish acceleration. The first bearish objective is located at 169.55 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. A return to above 170.42 JPY would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a 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
4.1
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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 170.19 JPY. The price registered a decrease of -0.19% on the session and was between 170.05 JPY and 170.58 JPY. This implies that the price is at +0.08% from its lowest and at -0.23% from its highest.170.05
170.58
170.19
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
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 slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 169.26 | 169.55 | 170.06 | 170.19 | 170.42 | 170.71 | 171.02 |
| Change (%) | -0.55% | -0.38% | -0.08% | - | +0.14% | +0.31% | +0.49% |
| Change | -0.93 | -0.64 | -0.13 | - | +0.23 | +0.52 | +0.83 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.03 | 170.20 | 170.36 | 170.53 | 170.69 | 170.86 | 171.02 |
| Camarilla | 170.42 | 170.45 | 170.48 | 170.51 | 170.54 | 170.57 | 170.60 |
| Woodie | 170.02 | 170.20 | 170.35 | 170.53 | 170.68 | 170.86 | 171.01 |
| Fibonacci | 170.20 | 170.33 | 170.41 | 170.53 | 170.66 | 170.74 | 170.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.17 | 168.80 | 169.65 | 170.28 | 171.13 | 171.76 | 172.61 |
| Camarilla | 170.10 | 170.24 | 170.37 | 170.51 | 170.65 | 170.78 | 170.92 |
| Woodie | 168.29 | 168.86 | 169.77 | 170.34 | 171.25 | 171.82 | 172.73 |
| Fibonacci | 168.80 | 169.36 | 169.71 | 170.28 | 170.84 | 171.19 | 171.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.53 | 164.67 | 167.56 | 169.70 | 172.59 | 174.73 | 177.62 |
| Camarilla | 169.08 | 169.54 | 170.00 | 170.46 | 170.92 | 171.38 | 171.84 |
| Woodie | 162.92 | 164.86 | 167.95 | 169.89 | 172.98 | 174.92 | 178.01 |
| Fibonacci | 164.67 | 166.59 | 167.78 | 169.70 | 171.62 | 172.81 | 174.73 |
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): | 41.01 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -12.66 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 170.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 170.38 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 170.63 | |
| Zig ZAG (10): | 170.21 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 31.64 | |
| TEMA (21): | 170.20 | |
| Williams %R (14): | -69.49 | |
| Chande Momentum Oscillator (20): | -0.29 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.36 |
| MA7: | 170.34 | |
| MA20: | 170.56 | |
| MA50: | 169.03 | |
| MA100: | 167.94 | |
| MAexp7: | 170.27 | |
| MAexp20: | 170.35 | |
| MAexp50: | 170.33 | |
| MAexp100: | 170.28 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | +0.69% | |
| Price / MA100: | +1.34% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.05% |
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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