CHF/JPY - Weekly - Technical analysis published on 08/31/2020 (GMT)
- Who voted?
- 119
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 114.16 JPY
My targets
120.41 JPY (+3.19)
136.95 JPY (+19.73)
My analysis
The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 114.16 JPY, you could try to benefit from the boom. The first bullish objective is located at 120.41 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 136.95 JPY as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
0
10
8.2
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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY price is 117.22 JPY. The price registered an increase of +0.85% over 5 days with the lowest point at 116.33 JPY and the highest point at 117.88 JPY. The deviation from the price is +0.77% for the low point and -0.56% for the high point.116.33
117.88
117.22
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this CHF/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
Resistance of channel is broken
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 111.97 | 114.16 | 116.18 | 117.22 | 118.23 | 136.95 |
| Change (%) | -4.48% | -2.61% | -0.89% | - | +0.86% | +16.83% |
| Change | -5.25 | -3.06 | -1.04 | - | +1.01 | +19.73 |
| Level | Minor | Major | Major | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.38 | 115.36 | 115.93 | 116.91 | 117.48 | 118.46 | 119.03 |
| Camarilla | 116.08 | 116.23 | 116.37 | 116.51 | 116.65 | 116.79 | 116.94 |
| Woodie | 114.19 | 115.26 | 115.74 | 116.81 | 117.29 | 118.36 | 118.84 |
| Fibonacci | 115.36 | 115.95 | 116.32 | 116.91 | 117.50 | 117.87 | 118.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.58 | 114.72 | 115.61 | 116.75 | 117.64 | 118.78 | 119.67 |
| Camarilla | 115.95 | 116.14 | 116.32 | 116.51 | 116.70 | 116.88 | 117.07 |
| Woodie | 113.47 | 114.66 | 115.50 | 116.69 | 117.53 | 118.72 | 119.56 |
| Fibonacci | 114.72 | 115.49 | 115.97 | 116.75 | 117.52 | 118.00 | 118.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.54 | 111.78 | 113.83 | 115.07 | 117.12 | 118.36 | 120.41 |
| Camarilla | 114.98 | 115.28 | 115.58 | 115.88 | 116.18 | 116.48 | 116.79 |
| Woodie | 110.95 | 111.98 | 114.24 | 115.27 | 117.53 | 118.56 | 120.82 |
| Fibonacci | 111.78 | 113.04 | 113.81 | 115.07 | 116.33 | 117.10 | 118.36 |
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): | 65.15 | |
| MACD (12,26,9): | 1.4000 | |
| Directional Movement: | 14.89 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 116.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 113.35 | |
| Elder Ray (13): | 1.90 | |
| Super Trend (3,10): | 111.84 | |
| Zig ZAG (10): | 117.29 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 83.69 | |
| TEMA (21): | 116.90 | |
| Williams %R (14): | -10.07 | |
| Chande Momentum Oscillator (20): | 4.52 | |
| Repulse (5,40,3): | 0.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 8.53 |
| MA7: | 116.74 | |
| MA20: | 116.55 | |
| MA50: | 115.10 | |
| MA100: | 113.26 | |
| MAexp7: | 116.15 | |
| MAexp20: | 114.43 | |
| MAexp50: | 112.80 | |
| MAexp100: | 112.19 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +3.50% | |
| Price / MAexp7: | +0.92% | |
| Price / MAexp20: | +2.44% | |
| Price / MAexp50: | +3.92% | |
| Price / MAexp100: | +4.48% |
Quotes :
2020-08-31 16:53:00
-
Real time data
-
Forex
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHF/JPY - Weekly