CHF/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - Weekly - Technical analysis published on 05/29/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 166.85 JPY

My targets

175.51 JPY (+2.95)

179.45 JPY (+6.89)

My analysis

The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 166.85 JPY, you could try to benefit from the boom. The first bullish objective is located at 175.51 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 179.45 JPY as an objective. Crossing it would then enable buyers to target 183.82 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

Comment on the analysis

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.

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 172.56 JPY. The price is up +0.77% over 5 days with the lowest point at 171.34 JPY and the highest point at 172.66 JPY. The deviation from the price is +0.71% for the low point and -0.06% for the high point.

171.34

172.66

172.56

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 Weekly shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

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 : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	137.28	150.35	166.85	172.56	173.16
Change (%)	-20.45%	-12.87%	-3.31%	-	+0.35%
Change	-35.28	-22.21	-5.71	-	+0.60
Level	Major	Intermediate	Major	-	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.02
MACD (12,26,9):	1.4600
Directional Movement:	15.69
AROON (14):	35.72
DEMA (21):	171.88
Parabolic SAR (0,02-0,02-0,2):	167.96
Elder Ray (13):	1.49
Super Trend (3,10):	163.99
Zig ZAG (10):	172.57
VORTEX (21):	1.0900
Stochastique (14,3,5):	61.37
TEMA (21):	171.20
Williams %R (14):	-29.53
Chande Momentum Oscillator (20):	4.98
Repulse (5,40,3):	1.1000
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	1.13

MA7:	171.81
MA20:	171.27
MA50:	169.86
MA100:	169.98
MAexp7:	171.20
MAexp20:	169.83
MAexp50:	165.45
MAexp100:	156.94
Price / MA7:	+0.44%
Price / MA20:	+0.75%
Price / MA50:	+1.59%
Price / MA100:	+1.52%
Price / MAexp7:	+0.79%
Price / MAexp20:	+1.61%
Price / MAexp50:	+4.30%
Price / MAexp100:	+9.95%

Quotes : - Real time data - 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:

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

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