CHF/JPY - 15 min. - Technical analysis published on 05/29/2024 (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
39%
6%
56%
My opinion
Bullish above 172.19 JPY
My targets
172.67 JPY (+0.12)
172.97 JPY (+0.42)
My analysis
CHF/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 172.19 JPY. The next resistance located at 172.67 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 172.97 JPY. After this resistance, buyers could then target 173.45 JPY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.1
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY rating is 172.55 JPY. The price registered an increase of +0.10% on the session and was between 172.01 JPY and 172.66 JPY. This implies that the price is at +0.31% from its lowest and at -0.06% from its highest.172.01
172.66
172.55
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/JPY in 15 min. shows a strongly overall bullish trend. 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.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 2
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 support of channel
Type : Bullish
Timeframe : 15 minutes
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 : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 171.43 | 171.85 | 172.49 | 172.55 | 173.16 |
| Change (%) | -0.65% | -0.41% | -0.03% | - | +0.35% |
| Change | -1.12 | -0.70 | -0.06 | - | +0.61 |
| Level | 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 | 171.11 | 171.41 | 171.89 | 172.19 | 172.67 | 172.97 | 173.45 |
| Camarilla | 172.16 | 172.23 | 172.30 | 172.37 | 172.44 | 172.51 | 172.59 |
| Woodie | 171.20 | 171.46 | 171.98 | 172.24 | 172.76 | 173.02 | 173.54 |
| Fibonacci | 171.41 | 171.71 | 171.89 | 172.19 | 172.49 | 172.67 | 172.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.09 | 170.53 | 171.08 | 171.52 | 172.07 | 172.51 | 173.06 |
| Camarilla | 171.35 | 171.44 | 171.53 | 171.62 | 171.71 | 171.80 | 171.89 |
| Woodie | 170.14 | 170.56 | 171.13 | 171.55 | 172.12 | 172.54 | 173.11 |
| Fibonacci | 170.53 | 170.91 | 171.15 | 171.52 | 171.90 | 172.14 | 172.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.89 | 162.83 | 167.20 | 171.14 | 175.51 | 179.45 | 183.82 |
| Camarilla | 169.30 | 170.06 | 170.82 | 171.58 | 172.34 | 173.10 | 173.87 |
| Woodie | 159.12 | 162.94 | 167.43 | 171.25 | 175.74 | 179.56 | 184.05 |
| Fibonacci | 162.83 | 166.00 | 167.96 | 171.14 | 174.31 | 176.27 | 179.45 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.39 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 11.29 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 172.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 172.49 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 172.32 | |
| Zig ZAG (10): | 172.58 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 62.96 | |
| TEMA (21): | 172.61 | |
| Williams %R (14): | -37.04 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.11 |
| MA7: | 171.81 | |
| MA20: | 171.27 | |
| MA50: | 169.86 | |
| MA100: | 169.98 | |
| MAexp7: | 172.56 | |
| MAexp20: | 172.51 | |
| MAexp50: | 172.41 | |
| MAexp100: | 172.33 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +0.75% | |
| Price / MA50: | +1.58% | |
| Price / MA100: | +1.51% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.13% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on CHF/JPY at the time of the analysis were as follows:
-
CHF/JPY Forecast May 16, 2024
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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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