CHF/JPY - 15 min. - Technical analysis published on 10/22/2024 (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 bearish
Underlying:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 174.69 JPY
My targets
173.54 JPY (-0.68)
172.88 JPY (-1.34)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHF/JPY as long as the price remains well below 174.69 JPY. The next bearish objective for sellers is set at 173.54 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 172.88 JPY. In case of crossing, the next objective would be the support located at 171.73 JPY. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 173.54 JPY. With this support, against the trend traders who want to buy CHF/JPY on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.6
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Additional analysis
Quotes
The CHF/JPY rating is 174.22 JPY. On the day, this instrument gained +0.12% and was between 173.99 JPY and 174.61 JPY. This implies that the price is at +0.13% from its lowest and at -0.22% from its highest.173.99
174.61
174.22
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/JPY in 15 min. shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 173.39 | 173.73 | 174.17 | 174.22 | 177.24 | 179.74 |
| Change (%) | -0.48% | -0.28% | -0.03% | - | +1.73% | +3.17% |
| Change | -0.83 | -0.49 | -0.05 | - | +3.02 | +5.52 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major |
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 | 171.07 | 171.73 | 172.88 | 173.54 | 174.69 | 175.35 | 176.50 |
| Camarilla | 173.52 | 173.69 | 173.85 | 174.02 | 174.19 | 174.35 | 174.52 |
| Woodie | 171.31 | 171.85 | 173.12 | 173.66 | 174.93 | 175.47 | 176.74 |
| Fibonacci | 171.73 | 172.43 | 172.85 | 173.54 | 174.24 | 174.66 | 175.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.50 | 171.46 | 172.18 | 173.14 | 173.86 | 174.82 | 175.54 |
| Camarilla | 172.45 | 172.60 | 172.76 | 172.91 | 173.06 | 173.22 | 173.37 |
| Woodie | 170.39 | 171.40 | 172.07 | 173.08 | 173.75 | 174.76 | 175.43 |
| Fibonacci | 171.46 | 172.10 | 172.50 | 173.14 | 173.78 | 174.18 | 174.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.41 | 161.85 | 165.93 | 169.37 | 173.45 | 176.89 | 180.97 |
| Camarilla | 167.93 | 168.62 | 169.31 | 170.00 | 170.69 | 171.38 | 172.07 |
| Woodie | 158.72 | 162.01 | 166.24 | 169.53 | 173.76 | 177.05 | 181.28 |
| Fibonacci | 161.85 | 164.73 | 166.50 | 169.37 | 172.25 | 174.02 | 176.89 |
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): | 38.35 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -11.49 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 174.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 174.57 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 174.54 | |
| Zig ZAG (10): | 174.15 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 14.58 | |
| TEMA (21): | 174.31 | |
| Williams %R (14): | -89.58 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.05 |
| MA7: | 173.40 | |
| MA20: | 172.47 | |
| MA50: | 170.76 | |
| MA100: | 173.20 | |
| MAexp7: | 174.28 | |
| MAexp20: | 174.36 | |
| MAexp50: | 174.26 | |
| MAexp100: | 174.02 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +2.03% | |
| Price / MA100: | +0.59% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.11% |
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 October 18, 2024
-
CHF/JPY Forecast August 13, 2024
-
CHF/JPY Forecast August 5, 2024
-
CHF/JPY Forecast July 29, 2024
-
CHF/JPY Forecast July 22, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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