CHF/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - 1H - Technical analysis published on 10/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

22%

56%

My opinion

Bullish above 175.92 JPY

My targets

177.24 JPY (+0.31)

179.02 JPY (+2.09)

My analysis

CHF/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 175.92 JPY. The next resistance located at 177.24 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 179.02 JPY. After this resistance, buyers could then target 179.74 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.1

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 Scorpus. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHF/JPY rating is 176.93 JPY. On the day, this instrument lost -0.10% and was between 176.74 JPY and 177.18 JPY. This implies that the price is at +0.11% from its lowest and at -0.14% from its highest.

176.74

177.18

176.93

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CHF/JPY chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 10 are neutral and 4 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	173.99	175.07	175.92	176.93	177.24	179.74
Change (%)	-1.66%	-1.05%	-0.57%	-	+0.18%	+1.59%
Change	-2.94	-1.86	-1.01	-	+0.31	+2.81
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	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	174.70	175.23	176.17	176.70	177.64	178.17	179.11
Camarilla	176.70	176.83	176.97	177.10	177.24	177.37	177.50
Woodie	174.90	175.33	176.37	176.80	177.84	178.27	179.31
Fibonacci	175.23	175.80	176.14	176.70	177.27	177.61	178.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	169.08	170.74	173.22	174.88	177.36	179.02	181.50
Camarilla	174.56	174.94	175.32	175.70	176.08	176.46	176.84
Woodie	169.49	170.95	173.63	175.09	177.77	179.23	181.91
Fibonacci	170.74	172.32	173.30	174.88	176.46	177.44	179.02

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):	55.12
MACD (12,26,9):	0.1900
Directional Movement:	0.91
AROON (14):	50.00
DEMA (21):	177.10
Parabolic SAR (0,02-0,02-0,2):	177.22
Elder Ray (13):	-0.06
Super Trend (3,10):	176.50
Zig ZAG (10):	176.84
VORTEX (21):	1.0900
Stochastique (14,3,5):	58.10
TEMA (21):	177.06
Williams %R (14):	-56.76
Chande Momentum Oscillator (20):	-0.12
Repulse (5,40,3):	-0.0900
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	0.51

MA7:	175.68
MA20:	174.02
MA50:	171.35
MA100:	173.27
MAexp7:	176.92
MAexp20:	176.82
MAexp50:	176.40
MAexp100:	175.87
Price / MA7:	+0.71%
Price / MA20:	+1.67%
Price / MA50:	+3.26%
Price / MA100:	+2.11%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.30%
Price / MAexp100:	+0.60%

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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