CHF/JPY - 1H - Technical analysis published on 04/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 111.74 JPY
My targets
110.85 JPY (-0.42)
110.15 JPY (-1.12)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 111.74 JPY remains possible. It is advisable to trade CHF/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 111.74 JPY. The next bearish objective for sellers is set at 110.85 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 110.15 JPY. In case of crossing, the next objective would be the support located at 108.69 JPY. PS: if there is a bullish break in the resistance located at 111.74 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY price is 111.27 JPY. The price is lower by +0.07% since the last closing and was traded between 111.05 JPY and 111.48 JPY over the period. The price is currently at +0.20% from its lowest and -0.19% from its highest.111.05
111.48
111.27
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CHF/JPY in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 110.15 | 110.85 | 111.18 | 111.27 | 111.34 | 111.74 | 112.03 |
| Change (%) | -1.01% | -0.38% | -0.08% | - | +0.06% | +0.42% | +0.68% |
| Change | -1.12 | -0.42 | -0.09 | - | +0.07 | +0.47 | +0.76 |
| Level | Minor | Major | Minor | - | Minor | Major | 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 | 106.19 | 107.89 | 110.88 | 112.58 | 115.57 | 117.27 | 120.26 |
| Camarilla | 112.59 | 113.02 | 113.45 | 113.88 | 114.31 | 114.74 | 115.17 |
| Woodie | 106.85 | 108.21 | 111.54 | 112.90 | 116.23 | 117.59 | 120.92 |
| Fibonacci | 107.89 | 109.68 | 110.79 | 112.58 | 114.37 | 115.48 | 117.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.76 | 107.54 | 110.71 | 112.49 | 115.66 | 117.44 | 120.61 |
| Camarilla | 112.52 | 112.97 | 113.43 | 113.88 | 114.33 | 114.79 | 115.24 |
| Woodie | 106.46 | 107.89 | 111.41 | 112.84 | 116.36 | 117.79 | 121.31 |
| Fibonacci | 107.54 | 109.43 | 110.60 | 112.49 | 114.38 | 115.55 | 117.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.27 | 106.43 | 107.96 | 111.12 | 112.65 | 115.81 | 117.34 |
| Camarilla | 108.21 | 108.64 | 109.07 | 109.50 | 109.93 | 110.36 | 110.79 |
| Woodie | 102.47 | 106.02 | 107.16 | 110.71 | 111.85 | 115.40 | 116.54 |
| Fibonacci | 106.43 | 108.22 | 109.33 | 111.12 | 112.91 | 114.02 | 115.81 |
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): | 50.49 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -4.28 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 111.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.92 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 111.46 | |
| Zig ZAG (10): | 111.27 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 72.64 | |
| TEMA (21): | 111.35 | |
| Williams %R (14): | -28.36 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.14 |
| MA7: | 111.47 | |
| MA20: | 111.81 | |
| MA50: | 112.22 | |
| MA100: | 112.18 | |
| MAexp7: | 111.31 | |
| MAexp20: | 111.29 | |
| MAexp50: | 111.28 | |
| MAexp100: | 111.36 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -0.85% | |
| Price / MA100: | -0.81% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.08% |
News
The latest news and videos published on CHF/JPY at the time of the analysis were as follows:
CHFJPY Potential Swing to the Long SideThis member declared not having a position on this financial instrument or a related financial instrument.
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