CHF/JPY - 15 min. - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 168.78 JPY
My targets
169.97 JPY (+0.32)
170.43 JPY (+0.78)
My analysis
The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 168.78 JPY, you could try to benefit from the boom. The first bullish objective is located at 169.97 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 170.43 JPY as an objective. Crossing it would then enable buyers to target 171.44 JPY. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 169.65 JPY. The price registered an increase of +0.94% on the session with the lowest point at 167.83 JPY and the highest point at 169.76 JPY. The deviation from the price is +1.08% for the low point and -0.06% for the high point.167.83
169.76
169.65
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
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of CHF/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 168.82 | 169.01 | 169.42 | 169.65 | 170.43 | 171.44 |
| Change (%) | -0.49% | -0.38% | -0.14% | - | +0.46% | +1.06% |
| Change | -0.83 | -0.64 | -0.23 | - | +0.78 | +1.79 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 166.40 | 167.12 | 167.59 | 168.31 | 168.78 | 169.50 | 169.97 |
| Camarilla | 167.74 | 167.85 | 167.96 | 168.07 | 168.18 | 168.29 | 168.40 |
| Woodie | 166.29 | 167.06 | 167.48 | 168.25 | 168.67 | 169.44 | 169.86 |
| Fibonacci | 167.12 | 167.57 | 167.85 | 168.31 | 168.76 | 169.04 | 169.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.73 | 166.40 | 167.48 | 168.15 | 169.23 | 169.90 | 170.98 |
| Camarilla | 168.07 | 168.23 | 168.39 | 168.55 | 168.71 | 168.87 | 169.03 |
| Woodie | 165.93 | 166.50 | 167.68 | 168.25 | 169.43 | 170.00 | 171.18 |
| Fibonacci | 166.40 | 167.07 | 167.49 | 168.15 | 168.82 | 169.24 | 169.90 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.20 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 11.71 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 169.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.69 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 169.06 | |
| Zig ZAG (10): | 169.53 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 59.28 | |
| TEMA (21): | 169.56 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.15 |
| MA7: | 168.21 | |
| MA20: | 169.44 | |
| MA50: | 170.12 | |
| MA100: | 168.80 | |
| MAexp7: | 169.51 | |
| MAexp20: | 169.37 | |
| MAexp50: | 169.04 | |
| MAexp100: | 168.78 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | -0.28% | |
| Price / MA100: | +0.50% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.52% |
Quotes :
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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
-
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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