CHF/JPY - 1H - Technical analysis published on 03/28/2024 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 167.99 JPY
My targets
166.57 JPY (-0.55)
164.42 JPY (-2.70)
My analysis
The bearish basic trend is very strong on CHF/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 167.99 JPY. Crossing the first support at 166.57 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 164.42 JPY as an objective. Crossing it would then enable sellers to target 163.26 JPY. Caution, a return to above the resistance located at 167.99 JPY would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by OliVymous. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/JPY rating 167.12 JPY. The price has increased by +0.05% since the last closing and was traded between 166.90 JPY and 167.32 JPY over the period. The price is currently at +0.13% from its lowest and -0.12% from its highest.166.90
167.32
167.12
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
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 CHF/JPY in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 161.96 | 163.26 | 166.57 | 167.12 | 167.25 | 167.99 | 169.00 |
| Change (%) | -3.09% | -2.31% | -0.33% | - | +0.08% | +0.52% | +1.12% |
| Change | -5.16 | -3.86 | -0.55 | - | +0.13 | +0.87 | +1.88 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 164.98 | 165.77 | 166.41 | 167.20 | 167.84 | 168.63 | 169.27 |
| Camarilla | 166.65 | 166.78 | 166.91 | 167.04 | 167.17 | 167.30 | 167.43 |
| Woodie | 164.90 | 165.73 | 166.33 | 167.16 | 167.76 | 168.59 | 169.19 |
| Fibonacci | 165.77 | 166.32 | 166.66 | 167.20 | 167.75 | 168.09 | 168.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 164.42 | 166.13 | 167.41 | 169.12 | 170.40 | 172.11 | 173.39 |
| Camarilla | 167.88 | 168.15 | 168.43 | 168.70 | 168.97 | 169.25 | 169.52 |
| Woodie | 164.22 | 166.02 | 167.21 | 169.01 | 170.20 | 172.00 | 173.19 |
| Fibonacci | 166.13 | 167.27 | 167.97 | 169.12 | 170.26 | 170.96 | 172.11 |
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): | 44.44 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -6.56 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 167.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 166.93 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 167.54 | |
| Zig ZAG (10): | 167.11 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 40.88 | |
| TEMA (21): | 167.14 | |
| Williams %R (14): | -60.38 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.07 |
| MA7: | 168.25 | |
| MA20: | 168.53 | |
| MA50: | 169.78 | |
| MA100: | 168.94 | |
| MAexp7: | 167.13 | |
| MAexp20: | 167.18 | |
| MAexp50: | 167.43 | |
| MAexp100: | 167.82 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -1.57% | |
| Price / MA100: | -1.08% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.42% |
Quotes :
-
Real time data
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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.
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