CHF/JPY - 1H - Technical analysis published on 08/01/2024 (GMT)
- 214
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 171.43 JPY
My targets
170.31 JPY (-0.45)
168.30 JPY (-2.46)
My analysis
The basic trend is very bearish on CHF/JPY but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on CHF/JPY. As long as you stay below the resistance 171.43 JPY, sellers' retain the upper hand. A break in the support at 170.31 JPY would be a signal that the basic trend will reverse. Sellers would then use the next support located at 168.30 JPY as an objective. Crossing it would then enable sellers to target 166.85 JPY. If the price were to depress the resistance 171.43 JPY in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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 170.76 JPY. The price has increased by +0.12% since the last closing and was traded between 169.50 JPY and 170.89 JPY over the period. The price is currently at +0.74% from its lowest and -0.08% from its highest.169.50
170.89
170.76
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
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/JPY chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 166.85 | 168.30 | 170.31 | 170.76 | 171.43 | 172.33 | 173.16 |
| Change (%) | -2.29% | -1.44% | -0.26% | - | +0.39% | +0.92% | +1.41% |
| Change | -3.91 | -2.46 | -0.45 | - | +0.67 | +1.57 | +2.40 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
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 | 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): | 42.82 | |
| MACD (12,26,9): | -0.4800 | |
| Directional Movement: | -10.05 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 170.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.50 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 171.73 | |
| Zig ZAG (10): | 170.66 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 55.23 | |
| TEMA (21): | 170.30 | |
| Williams %R (14): | -41.18 | |
| Chande Momentum Oscillator (20): | -0.52 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.39 |
| MA7: | 172.89 | |
| MA20: | 175.86 | |
| MA50: | 176.13 | |
| MA100: | 172.88 | |
| MAexp7: | 170.59 | |
| MAexp20: | 170.94 | |
| MAexp50: | 171.90 | |
| MAexp100: | 172.81 | |
| Price / MA7: | -1.23% | |
| Price / MA20: | -2.90% | |
| Price / MA50: | -3.05% | |
| Price / MA100: | -1.23% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | -1.19% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on CHF/JPY at the time of the analysis were 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHF/JPY - 1H