CHF/JPY - 1H - Technical analysis published on 02/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 171.07 JPY
My targets
171.70 JPY (+0.41)
My analysis
The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 171.07 JPY, you could try to benefit from the boom. The first bullish objective is located at 171.70 JPY. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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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 rating is 171.29 JPY. The price has increased by +0.12% since the last closing with the lowest point at 170.61 JPY and the highest point at 171.30 JPY. The deviation from the price is +0.40% for the low point and -0.01% for the high point.170.61
171.30
171.29
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/JPY indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong 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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 170.44 | 170.86 | 171.07 | 171.29 | 171.44 | 171.70 |
| Change (%) | -0.50% | -0.25% | -0.13% | - | +0.09% | +0.24% |
| Change | -0.85 | -0.43 | -0.22 | - | +0.15 | +0.41 |
| Level | Major | Minor | Minor | - | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 169.60 | 170.02 | 170.56 | 170.98 | 171.52 | 171.94 | 172.48 |
| Camarilla | 170.83 | 170.91 | 171.00 | 171.09 | 171.18 | 171.27 | 171.35 |
| Woodie | 169.65 | 170.05 | 170.61 | 171.01 | 171.57 | 171.97 | 172.53 |
| Fibonacci | 170.02 | 170.39 | 170.62 | 170.98 | 171.35 | 171.58 | 171.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.18 | 169.06 | 169.93 | 170.81 | 171.68 | 172.56 | 173.43 |
| Camarilla | 170.31 | 170.47 | 170.63 | 170.79 | 170.95 | 171.11 | 171.27 |
| Woodie | 168.17 | 169.06 | 169.92 | 170.81 | 171.67 | 172.56 | 173.42 |
| Fibonacci | 169.06 | 169.73 | 170.15 | 170.81 | 171.48 | 171.90 | 172.56 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.83 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 9.23 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 171.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 170.82 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 170.72 | |
| Zig ZAG (10): | 171.27 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 87.33 | |
| TEMA (21): | 171.08 | |
| Williams %R (14): | -5.80 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.11 |
| MA7: | 170.78 | |
| MA20: | 170.55 | |
| MA50: | 169.77 | |
| MA100: | 168.42 | |
| MAexp7: | 171.10 | |
| MAexp20: | 171.03 | |
| MAexp50: | 171.00 | |
| MAexp100: | 170.90 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | +1.70% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.23% |
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 February 26, 2024
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CHF/JPY Forecast October 5, 2022
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CHFJPY Potential Swing to the Long Side
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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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