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CHF/JPY
CHF JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: CHFJPY
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CHF/JPY - 1H - Technical analysis published on 05/29/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 171.85 JPY
My targets
173.16 JPY (+0.62)
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 171.85 JPY. The buyers' bullish objective is set at 173.16 JPY. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

GCrow
This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CHF/JPY rating 172.54 JPY. On the day, this instrument gained +0.10% and was between 172.01 JPY and 172.66 JPY. This implies that the price is at +0.31% from its lowest and at -0.07% from its highest.

172.01
172.66
172.54

Here is a more detailed summary of the historical variations registered by CHF/JPY:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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


A technical analysis in 1H of this CHF/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 171.43 171.85 172.49 172.54 173.16
Change (%) -0.64% -0.40% -0.03% - +0.36%
Change -1.11 -0.69 -0.05 - +0.62
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
Standard171.11171.41171.89172.19172.67172.97173.45
Camarilla172.16172.23172.30172.37172.44172.51172.59
Woodie171.20171.46171.98172.24172.76173.02173.54
Fibonacci171.41171.71171.89172.19172.49172.67172.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard170.09170.53171.08171.52172.07172.51173.06
Camarilla171.35171.44171.53171.62171.71171.80171.89
Woodie170.14170.56171.13171.55172.12172.54173.11
Fibonacci170.53170.91171.15171.52171.90172.14172.51


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard158.89162.83167.20171.14175.51179.45183.82
Camarilla169.30170.06170.82171.58172.34173.10173.87
Woodie159.12162.94167.43171.25175.74179.56184.05
Fibonacci162.83166.00167.96171.14174.31176.27179.45

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): 62.77
MACD (12,26,9): 0.1000
Directional Movement: 4.31
AROON (14): 28.57
DEMA (21): 172.52
Parabolic SAR (0,02-0,02-0,2): 172.10
Elder Ray (13): 0.14
Super Trend (3,10): 172.10
Zig ZAG (10): 172.54
VORTEX (21): 1.1000
Stochastique (14,3,5): 84.62
TEMA (21): 172.52
Williams %R (14): -18.46
Chande Momentum Oscillator (20): 0.33
Repulse (5,40,3): -0.0100
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.19
MA7: 171.81
MA20: 171.27
MA50: 169.86
MA100: 169.98
MAexp7: 172.50
MAexp20: 172.39
MAexp50: 172.19
MAexp100: 171.98
Price / MA7: +0.42%
Price / MA20: +0.74%
Price / MA50: +1.58%
Price / MA100: +1.51%
Price / MAexp7: +0.02%
Price / MAexp20: +0.09%
Price / MAexp50: +0.20%
Price / MAexp100: +0.33%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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