CHF/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - Daily - Technical analysis published on 03/06/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

17%

67%

17%

My opinion

Neutral between 166.45 JPY and 171.44 JPY

My targets

My analysis

The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 166.45 JPY. The first resistance is located at 171.44 JPY. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by CHF/JPY.

In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.

Comment on the analysis

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.

This analysis was given by lapteve. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHF/JPY price is 169.55 JPY. On the day, this instrument lost -0.15% with the lowest point at 169.44 JPY and the highest point at 169.81 JPY. The deviation from the price is +0.06% for the low point and -0.15% for the high point.

169.44

169.81

169.55

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHF/JPY:

The Central Records scanner for higher/lower results shows the following items:

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 Daily of this CHF/JPY chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	163.26	166.45	169.42	169.55	171.44
Change (%)	-3.71%	-1.83%	-0.08%	-	+1.11%
Change	-6.29	-3.10	-0.13	-	+1.89
Level	Major	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
Standard	168.93	169.20	169.51	169.78	170.09	170.36	170.67
Camarilla	169.65	169.70	169.76	169.81	169.86	169.92	169.97
Woodie	168.94	169.21	169.52	169.79	170.10	170.37	170.68
Fibonacci	169.20	169.43	169.56	169.78	170.01	170.14	170.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	166.94	168.17	169.05	170.28	171.16	172.39	173.27
Camarilla	169.34	169.53	169.73	169.92	170.11	170.31	170.50
Woodie	166.76	168.08	168.87	170.19	170.98	172.30	173.09
Fibonacci	168.17	168.98	169.48	170.28	171.09	171.59	172.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	166.29	167.77	168.73	170.21	171.17	172.65	173.61
Camarilla	169.01	169.23	169.46	169.68	169.90	170.13	170.35
Woodie	166.02	167.64	168.46	170.08	170.90	172.52	173.34
Fibonacci	167.77	168.71	169.28	170.21	171.15	171.72	172.65

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):	42.97
MACD (12,26,9):	-0.0600
Directional Movement:	-3.01
AROON (14):	-42.86
DEMA (21):	170.34
Parabolic SAR (0,02-0,02-0,2):	171.40
Elder Ray (13):	-0.63
Super Trend (3,10):	168.65
Zig ZAG (10):	169.55
VORTEX (21):	0.9800
Stochastique (14,3,5):	15.72
TEMA (21):	169.96
Williams %R (14):	-93.01
Chande Momentum Oscillator (20):	-0.68
Repulse (5,40,3):	-0.3500
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	0.15

MA7:	170.23
MA20:	170.44
MA50:	170.23
MA100:	168.72
MAexp7:	170.05
MAexp20:	170.31
MAexp50:	169.84
MAexp100:	168.27
Price / MA7:	-0.40%
Price / MA20:	-0.52%
Price / MA50:	-0.40%
Price / MA100:	+0.49%
Price / MAexp7:	-0.29%
Price / MAexp20:	-0.45%
Price / MAexp50:	-0.17%
Price / MAexp100:	+0.76%

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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