CHF/JPY - 1H - Technical analysis published on 08/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 116.94 JPY
My targets
117.39 JPY (+0.24)
117.88 JPY (+0.73)
My analysis
A bullish trend on CHF/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 116.94 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 117.39 JPY. Then the price could move towards 117.88 JPY. Then 118.23 JPY by extension. Be careful, a return below 116.94 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
0
10
5.5
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This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/JPY rating 117.15 JPY. On the day, this instrument gained +0.55% and was traded between 116.42 JPY and 117.80 JPY over the period. The price is currently at +0.63% from its lowest and -0.55% from its highest.116.42
117.80
117.15
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/JPY in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 116.38 | 116.60 | 116.94 | 117.15 | 117.39 | 117.88 | 118.23 |
| Change (%) | -0.66% | -0.47% | -0.18% | - | +0.20% | +0.62% | +0.92% |
| Change | -0.77 | -0.55 | -0.21 | - | +0.24 | +0.73 | +1.08 |
| Level | Intermediate | Major | Minor | - | Minor | 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 | 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 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): | 51.83 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 12.27 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 117.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 117.77 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 116.92 | |
| Zig ZAG (10): | 117.15 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 41.50 | |
| TEMA (21): | 117.39 | |
| Williams %R (14): | -65.35 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.81 |
| MA7: | 116.73 | |
| MA20: | 116.55 | |
| MA50: | 115.10 | |
| MA100: | 113.26 | |
| MAexp7: | 117.25 | |
| MAexp20: | 117.15 | |
| MAexp50: | 117.02 | |
| MAexp100: | 116.91 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +1.78% | |
| Price / MA100: | +3.43% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.21% |
Quotes :
2020-08-31 19:32:31
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Real time data
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Forex
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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