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
67%
6%
28%
My opinion
Bullish above 168.78 JPY
My targets
169.97 JPY (+0.25)
170.43 JPY (+0.71)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/JPY as long as the price remains well above 168.78 JPY. The buyers' bullish objective is set at 169.97 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 170.43 JPY. If there is any crossing, the next objective would be the resistance located at 171.44 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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 169.72 JPY. The price registered an increase of +0.98% on the session and was between 167.83 JPY and 169.80 JPY. This implies that the price is at +1.13% from its lowest and at -0.05% from its highest.167.83
169.80
169.72
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 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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI 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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
White hanging man / hammer
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 168.82 | 169.01 | 169.42 | 169.72 | 170.43 | 171.44 |
| Change (%) | -0.53% | -0.42% | -0.18% | - | +0.42% | +1.01% |
| Change | -0.90 | -0.71 | -0.30 | - | +0.71 | +1.72 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major |
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 | 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): | 63.32 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 12.97 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 169.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.34 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 169.32 | |
| Zig ZAG (10): | 169.70 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 84.02 | |
| TEMA (21): | 169.73 | |
| Williams %R (14): | -27.27 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.28 |
| MA7: | 168.23 | |
| MA20: | 169.44 | |
| MA50: | 170.12 | |
| MA100: | 168.80 | |
| MAexp7: | 169.69 | |
| MAexp20: | 169.55 | |
| MAexp50: | 169.22 | |
| MAexp100: | 168.92 | |
| Price / MA7: | +0.89% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -0.24% | |
| Price / MA100: | +0.55% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.47% |
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
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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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