CHF/JPY - 15 min. - Technical analysis published on 08/01/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 169.54 JPY
My targets
171.70 JPY (+0.92)
173.10 JPY (+2.32)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CHF/JPY as long as the price remains well above 169.54 JPY. The buyers' bullish objective is set at 171.70 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 173.10 JPY. If there is any crossing, the next objective would be the resistance located at 175.64 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 171.70 JPY. On this resistance, against the trend traders who would like to go short on CHF/JPY with a bearish signal from their trading strategy, should not hesitate to act.
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
2.3
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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 price is 170.78 JPY. The price registered an increase of +0.14% on the session with the lowest point at 169.50 JPY and the highest point at 170.89 JPY. The deviation from the price is +0.76% for the low point and -0.06% for the high point.169.50
170.89
170.78
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this CHF/JPY chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 166.85 | 168.30 | 170.31 | 170.78 | 171.43 | 172.33 | 173.16 |
| Change (%) | -2.30% | -1.45% | -0.28% | - | +0.38% | +0.91% | +1.39% |
| Change | -3.93 | -2.48 | -0.47 | - | +0.65 | +1.55 | +2.38 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.22 | 167.76 | 169.16 | 171.70 | 173.10 | 175.64 | 177.04 |
| Camarilla | 169.47 | 169.83 | 170.19 | 170.55 | 170.91 | 171.27 | 171.63 |
| Woodie | 164.64 | 167.48 | 168.58 | 171.42 | 172.52 | 175.36 | 176.46 |
| Fibonacci | 167.76 | 169.27 | 170.20 | 171.70 | 173.21 | 174.14 | 175.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 166.75 | 169.54 | 171.77 | 174.56 | 176.79 | 179.58 | 181.81 |
| Camarilla | 172.62 | 173.08 | 173.54 | 174.00 | 174.46 | 174.92 | 175.38 |
| Woodie | 166.47 | 169.40 | 171.49 | 174.42 | 176.51 | 179.44 | 181.53 |
| Fibonacci | 169.54 | 171.46 | 172.64 | 174.56 | 176.48 | 177.66 | 179.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.46 | 163.88 | 167.22 | 173.64 | 176.98 | 183.40 | 186.74 |
| Camarilla | 167.87 | 168.76 | 169.66 | 170.55 | 171.45 | 172.34 | 173.23 |
| Woodie | 155.91 | 163.11 | 165.67 | 172.87 | 175.43 | 182.63 | 185.19 |
| Fibonacci | 163.88 | 167.61 | 169.92 | 173.64 | 177.37 | 179.68 | 183.40 |
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): | 55.30 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 3.06 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 170.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.87 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 169.98 | |
| Zig ZAG (10): | 170.75 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 94.12 | |
| TEMA (21): | 170.57 | |
| Williams %R (14): | -3.67 | |
| Chande Momentum Oscillator (20): | 0.46 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.49 |
| MA7: | 172.89 | |
| MA20: | 175.86 | |
| MA50: | 176.13 | |
| MA100: | 172.88 | |
| MAexp7: | 170.60 | |
| MAexp20: | 170.50 | |
| MAexp50: | 170.67 | |
| MAexp100: | 171.14 | |
| Price / MA7: | -1.22% | |
| Price / MA20: | -2.89% | |
| Price / MA50: | -3.04% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.20% |
Quotes :
-
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 July 29, 2024
-
CHF/JPY Forecast July 22, 2024
-
CHF/JPY Forecast July 5, 2024
-
CHF/JPY Forecast June 25, 2024
-
CHF/JPY Forecast June 5, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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