CHF/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFJPY
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CHF/JPY - 15 min. - Technical analysis published on 12/10/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 171.67 JPY

My targets

173.08 JPY (+0.71)

173.86 JPY (+1.49)

My analysis

The basic bullish trend is very strong on CHF/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 171.67 JPY. Crossing the first resistance at 173.08 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 173.86 JPY as an objective. Crossing it would then enable buyers to target 175.27 JPY. Caution, a return to below 171.67 JPY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 172.37 JPY. On the day, this instrument gained +0.04% and was traded between 171.98 JPY and 172.46 JPY over the period. The price is currently at +0.23% from its lowest and -0.05% from its highest.

171.98

172.46

172.37

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this CHF/JPY chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 15 minutes

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	169.42	170.18	171.90	172.37	172.45	173.16	175.72
Change (%)	-1.71%	-1.27%	-0.27%	-	+0.05%	+0.46%	+1.94%
Change	-2.95	-2.19	-0.47	-	+0.08	+0.79	+3.35
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	168.70	169.48	170.89	171.67	173.08	173.86	175.27
Camarilla	171.70	171.90	172.10	172.30	172.50	172.70	172.90
Woodie	169.02	169.64	171.21	171.83	173.40	174.02	175.59
Fibonacci	169.48	170.32	170.83	171.67	172.51	173.02	173.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	164.67	166.35	168.54	170.22	172.41	174.09	176.28
Camarilla	169.66	170.01	170.37	170.72	171.08	171.43	171.78
Woodie	164.92	166.48	168.79	170.35	172.66	174.22	176.53
Fibonacci	166.35	167.83	168.75	170.22	171.70	172.62	174.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	160.67	165.22	167.58	172.13	174.49	179.04	181.40
Camarilla	168.03	168.66	169.30	169.93	170.56	171.20	171.83
Woodie	159.57	164.67	166.48	171.58	173.39	178.49	180.30
Fibonacci	165.22	167.86	169.49	172.13	174.77	176.40	179.04

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.15
MACD (12,26,9):	0.0500
Directional Movement:	9.09
AROON (14):	57.14
DEMA (21):	172.25
Parabolic SAR (0,02-0,02-0,2):	172.02
Elder Ray (13):	0.12
Super Trend (3,10):	171.95
Zig ZAG (10):	172.26
VORTEX (21):	1.0800
Stochastique (14,3,5):	70.45
TEMA (21):	172.26
Williams %R (14):	-31.82
Chande Momentum Oscillator (20):	0.26
Repulse (5,40,3):	0.0400
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.21

MA7:	170.58
MA20:	172.56
MA50:	173.75
MA100:	171.98
MAexp7:	172.32
MAexp20:	172.20
MAexp50:	172.10
MAexp100:	171.84
Price / MA7:	+1.05%
Price / MA20:	-0.11%
Price / MA50:	-0.79%
Price / MA100:	+0.23%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.31%

Quotes : - Real time data - Forex

News

The last news published on CHF/JPY at the time of the generation of this analysis was as follows:

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

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