CHF/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - Daily - Technical analysis published on 08/01/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 173.16 JPY

My targets

168.30 JPY (-2.53)

166.85 JPY (-3.98)

My analysis

CHF/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 173.16 JPY. The next support located at 168.30 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 166.85 JPY. Below this support, sellers could then target 163.26 JPY.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.8

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

CHF/JPY rating 170.83 JPY. The price registered an increase of +0.16% on the session and was traded between 169.50 JPY and 170.89 JPY over the period. The price is currently at +0.78% from its lowest and -0.04% from its highest.

169.50

170.89

170.83

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CHF/JPY indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	163.26	166.85	168.30	170.83	171.43	173.16	177.24
Change (%)	-4.43%	-2.33%	-1.48%	-	+0.35%	+1.36%	+3.75%
Change	-7.57	-3.98	-2.53	-	+0.60	+2.33	+6.41
Level	Minor	Major	Minor	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	24.13
MACD (12,26,9):	-1.4000
Directional Movement:	-32.30
AROON (14):	-100.00
DEMA (21):	173.45
Parabolic SAR (0,02-0,02-0,2):	174.90
Elder Ray (13):	-3.83
Super Trend (3,10):	175.35
Zig ZAG (10):	170.66
VORTEX (21):	0.7300
Stochastique (14,3,5):	9.06
TEMA (21):	171.68
Williams %R (14):	-85.16
Chande Momentum Oscillator (20):	-6.54
Repulse (5,40,3):	-1.6800
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	5.73

MA7:	172.89
MA20:	175.86
MA50:	176.13
MA100:	172.88
MAexp7:	172.69
MAexp20:	174.89
MAexp50:	175.17
MAexp100:	173.68
Price / MA7:	-1.19%
Price / MA20:	-2.86%
Price / MA50:	-3.01%
Price / MA100:	-1.19%
Price / MAexp7:	-1.08%
Price / MAexp20:	-2.32%
Price / MAexp50:	-2.48%
Price / MAexp100:	-1.64%

Quotes : - Real time data - Forex

News

The latest news and videos published on CHF/JPY at the time of the analysis were as follows:

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

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