CHF/JPY - 1H - Technical analysis published on 02/20/2024 (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 bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 170.06 JPY
My targets
170.59 JPY (+0.24)
171.02 JPY (+0.67)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CHF/JPY. This is a positive signal for buyers. As long as the price remains above 170.06 JPY, a purchase could be considered. The first bullish objective is located at 170.59 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 171.02 JPY as an objective. In the event of a return below 170.06 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY price is 170.35 JPY. The price registered an increase of +0.08% on the session and was between 170.13 JPY and 170.38 JPY. This implies that the price is at +0.13% from its lowest and at -0.02% from its highest.170.13
170.38
170.35
A study of price movements over other periods shows the following variations:
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 bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 169.26 | 169.55 | 170.06 | 170.35 | 170.42 | 170.59 | 171.02 |
| Change (%) | -0.64% | -0.47% | -0.17% | - | +0.04% | +0.14% | +0.39% |
| Change | -1.09 | -0.80 | -0.29 | - | +0.07 | +0.24 | +0.67 |
| Level | Minor | Minor | Major | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 169.46 | 169.75 | 169.99 | 170.28 | 170.52 | 170.81 | 171.05 |
| Camarilla | 170.07 | 170.12 | 170.17 | 170.22 | 170.27 | 170.32 | 170.37 |
| Woodie | 169.43 | 169.74 | 169.96 | 170.27 | 170.49 | 170.80 | 171.02 |
| Fibonacci | 169.75 | 169.96 | 170.08 | 170.28 | 170.49 | 170.61 | 170.81 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.97 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.36 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 170.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 170.09 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 170.55 | |
| Zig ZAG (10): | 170.36 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 93.33 | |
| TEMA (21): | 170.27 | |
| Williams %R (14): | -9.38 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.07 |
| MA7: | 170.29 | |
| MA20: | 170.55 | |
| MA50: | 169.14 | |
| MA100: | 168.02 | |
| MAexp7: | 170.29 | |
| MAexp20: | 170.25 | |
| MAexp50: | 170.26 | |
| MAexp100: | 170.25 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | +0.72% | |
| Price / MA100: | +1.39% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.06% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on CHF/JPY at the time of the analysis were 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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