CHF/JPY - 1H - Technical analysis published on 05/07/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 109.78 JPY
My targets
108.69 JPY (-0.46)
108.29 JPY (-0.86)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/JPY. As long as you are under the resistance located at 109.78 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 108.69 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 108.29 JPY as an objective. Crossing it would then enable sellers to target 107.01 JPY. If the resistance 109.78 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
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
CHF/JPY rating 109.15 JPY. The price registered a decrease of +0.26% on the session and was traded between 108.80 JPY and 109.19 JPY over the period. The price is currently at +0.32% from its lowest and -0.04% from its highest.108.80
109.19
109.15
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/JPY:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CHF/JPY indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 102.14 | 107.01 | 108.69 | 109.15 | 109.18 | 109.78 | 110.51 |
| Change (%) | -6.42% | -1.96% | -0.42% | - | +0.03% | +0.58% | +1.25% |
| Change | -7.01 | -2.14 | -0.46 | - | +0.03 | +0.63 | +1.36 |
| Level | Major | Major | Major | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.81 | 108.26 | 108.56 | 109.01 | 109.31 | 109.76 | 110.06 |
| Camarilla | 108.66 | 108.73 | 108.80 | 108.87 | 108.94 | 109.01 | 109.08 |
| Woodie | 107.75 | 108.22 | 108.50 | 108.97 | 109.25 | 109.72 | 110.00 |
| Fibonacci | 108.26 | 108.54 | 108.72 | 109.01 | 109.29 | 109.47 | 109.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.40 | 108.29 | 109.75 | 110.64 | 112.10 | 112.99 | 114.45 |
| Camarilla | 110.57 | 110.79 | 111.01 | 111.22 | 111.44 | 111.65 | 111.87 |
| Woodie | 107.70 | 108.43 | 110.05 | 110.78 | 112.40 | 113.13 | 114.75 |
| Fibonacci | 108.29 | 109.18 | 109.74 | 110.64 | 111.53 | 112.09 | 112.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.92 | 107.54 | 109.28 | 110.90 | 112.64 | 114.26 | 116.00 |
| Camarilla | 110.09 | 110.39 | 110.70 | 111.01 | 111.32 | 111.63 | 111.93 |
| Woodie | 105.97 | 107.57 | 109.33 | 110.93 | 112.69 | 114.29 | 116.05 |
| Fibonacci | 107.54 | 108.83 | 109.62 | 110.90 | 112.19 | 112.98 | 114.26 |
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): | 42.04 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -1.48 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 108.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.82 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 109.18 | |
| Zig ZAG (10): | 109.01 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 67.11 | |
| TEMA (21): | 108.91 | |
| Williams %R (14): | -29.27 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.13 |
| MA7: | 109.93 | |
| MA20: | 110.60 | |
| MA50: | 111.57 | |
| MA100: | 112.07 | |
| MAexp7: | 108.94 | |
| MAexp20: | 108.95 | |
| MAexp50: | 109.29 | |
| MAexp100: | 109.66 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | -2.61% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.46% |
News
The last news published on CHF/JPY at the time of the generation of this analysis was 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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