CHF/JPY - 1H - Technical analysis published on 05/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
11%
67%
22%
My opinion
Bearish under 111.20 JPY
My targets
110.51 JPY (-0.53)
109.70 JPY (-1.34)
My analysis
The current short-term bearish acceleration registered on CHF/JPY should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 111.20 JPY. Short-term sellers will use the support located at 110.51 JPY as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 109.70 JPY. Crossing this support would then open the door for sellers to target 108.69 JPY. Caution, if there is a return to below 111.20 JPY, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
2.9
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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 rating is 111.04 JPY. The price registered an increase of -0.42% on the session and was traded between 110.99 JPY and 111.66 JPY over the period. The price is currently at +0.05% from its lowest and -0.56% from its highest.110.99
111.66
111.04
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/JPY chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish 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 trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
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 | 108.69 | 109.70 | 110.51 | 111.04 | 111.20 | 111.50 | 112.30 |
| Change (%) | -2.12% | -1.21% | -0.48% | - | +0.14% | +0.41% | +1.13% |
| Change | -2.35 | -1.34 | -0.53 | - | +0.16 | +0.46 | +1.26 |
| Level | Major | Intermediate | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.53 | 110.75 | 111.13 | 111.35 | 111.73 | 111.95 | 112.33 |
| Camarilla | 111.35 | 111.40 | 111.46 | 111.51 | 111.57 | 111.62 | 111.68 |
| Woodie | 110.61 | 110.79 | 111.21 | 111.39 | 111.81 | 111.99 | 112.41 |
| Fibonacci | 110.75 | 110.98 | 111.12 | 111.35 | 111.58 | 111.72 | 111.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.78 | 108.62 | 109.39 | 110.23 | 111.00 | 111.84 | 112.61 |
| Camarilla | 109.73 | 109.88 | 110.02 | 110.17 | 110.32 | 110.47 | 110.61 |
| Woodie | 107.76 | 108.60 | 109.37 | 110.21 | 110.98 | 111.82 | 112.59 |
| Fibonacci | 108.62 | 109.23 | 109.61 | 110.23 | 110.84 | 111.22 | 111.84 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.78 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -9.20 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 111.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 111.61 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 111.60 | |
| Zig ZAG (10): | 111.04 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 13.88 | |
| TEMA (21): | 111.23 | |
| Williams %R (14): | -96.92 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.33 |
| MA7: | 110.64 | |
| MA20: | 110.27 | |
| MA50: | 111.29 | |
| MA100: | 111.94 | |
| MAexp7: | 111.24 | |
| MAexp20: | 111.35 | |
| MAexp50: | 111.22 | |
| MAexp100: | 110.96 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | -0.80% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | +0.07% |
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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