CHF/JPY - 1H - Technical analysis published on 03/06/2024 (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:
Strongly bearish
Technical indicators
6%
61%
33%
My opinion
Bearish under 169.77 JPY
My targets
168.17 JPY (-1.33)
166.45 JPY (-3.05)
My analysis
CHF/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 169.77 JPY. The next support located at 168.17 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 166.45 JPY. Below this support, sellers could then target 163.26 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.9
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This analysis was given by lapteve. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/JPY rating 169.50 JPY. The price registered a decrease of -0.18% on the session with the lowest point at 169.44 JPY and the highest point at 169.81 JPY. The deviation from the price is +0.04% for the low point and -0.18% for the high point.169.44
169.81
169.50
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
Technical analysis of CHF/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 163.26 | 166.45 | 169.42 | 169.50 | 169.77 | 170.22 | 170.61 |
| Change (%) | -3.68% | -1.80% | -0.05% | - | +0.16% | +0.42% | +0.65% |
| Change | -6.24 | -3.05 | -0.08 | - | +0.27 | +0.72 | +1.11 |
| Level | Major | Intermediate | Major | - | Minor | Minor | 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 | 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): | 37.96 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -9.70 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 169.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.92 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 170.03 | |
| Zig ZAG (10): | 169.54 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 16.39 | |
| TEMA (21): | 169.53 | |
| Williams %R (14): | -83.61 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.17 |
| MA7: | 170.22 | |
| MA20: | 170.44 | |
| MA50: | 170.23 | |
| MA100: | 168.72 | |
| MAexp7: | 169.59 | |
| MAexp20: | 169.69 | |
| MAexp50: | 169.84 | |
| MAexp100: | 170.04 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -0.55% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | +0.46% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.32% |
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:
-
CHF/JPY Forecast February 26, 2024
-
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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