CHF/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - 1H - Technical analysis published on 02/15/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 170.07 JPY

My targets

171.02 JPY (+0.64)

171.42 JPY (+1.04)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/JPY as long as the price remains well above 170.07 JPY. The buyers' bullish objective is set at 171.02 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 171.42 JPY.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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

Additional analysis

Quotes

CHF/JPY rating 170.38 JPY. The price has increased by +0.18% since the last closing and was between 169.55 JPY and 170.59 JPY. This implies that the price is at +0.49% from its lowest and at -0.12% from its highest.

169.55

170.59

170.38

A study of price movements over other periods shows the following variations:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CHF/JPY chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	169.46	169.68	170.07	170.38	170.42	171.02	171.42
Change (%)	-0.54%	-0.41%	-0.18%	-	+0.02%	+0.38%	+0.61%
Change	-0.92	-0.70	-0.31	-	+0.04	+0.64	+1.04
Level	Intermediate	Minor	Major	-	Major	Intermediate	Minor

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	169.03	169.24	169.66	169.87	170.29	170.50	170.92
Camarilla	169.90	169.96	170.01	170.07	170.13	170.19	170.24
Woodie	169.13	169.29	169.76	169.92	170.39	170.55	171.02
Fibonacci	169.24	169.48	169.63	169.87	170.11	170.26	170.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	167.34	168.30	169.50	170.46	171.66	172.62	173.82
Camarilla	170.11	170.30	170.50	170.70	170.90	171.10	171.29
Woodie	167.46	168.36	169.62	170.52	171.78	172.68	173.94
Fibonacci	168.30	169.13	169.64	170.46	171.29	171.80	172.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	162.53	164.67	167.56	169.70	172.59	174.73	177.62
Camarilla	169.08	169.54	170.00	170.46	170.92	171.38	171.84
Woodie	162.92	164.86	167.95	169.89	172.98	174.92	178.01
Fibonacci	164.67	166.59	167.78	169.70	171.62	172.81	174.73

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):	63.97
MACD (12,26,9):	0.1500
Directional Movement:	15.74
AROON (14):	78.57
DEMA (21):	170.25
Parabolic SAR (0,02-0,02-0,2):	169.94
Elder Ray (13):	0.22
Super Trend (3,10):	169.85
Zig ZAG (10):	170.37
VORTEX (21):	1.0900
Stochastique (14,3,5):	86.54
TEMA (21):	170.41
Williams %R (14):	-18.27
Chande Momentum Oscillator (20):	0.71
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.67

MA7:	170.27
MA20:	170.57
MA50:	168.87
MA100:	167.79
MAexp7:	170.32
MAexp20:	170.10
MAexp50:	170.03
MAexp100:	170.12
Price / MA7:	+0.06%
Price / MA20:	-0.11%
Price / MA50:	+0.89%
Price / MA100:	+1.54%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.21%
Price / MAexp100:	+0.16%

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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