CHF/JPY - 1H - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 116.47 JPY
My targets
117.00 JPY (+0.27)
117.30 JPY (+0.57)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 116.47 JPY remains possible. It is advisable to trade CHF/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 116.47 JPY. The next bullish objective for buyers is set at 117.00 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 117.30 JPY. If there is any crossing, the next objective would be the resistance located at 118.23 JPY. PS: if there is a bearish break in the support located at 116.47 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
4.6
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY price is 116.73 JPY. On the day, this instrument lost -0.06% and was between 116.63 JPY and 116.82 JPY. This implies that the price is at +0.09% from its lowest and at -0.08% from its highest.116.63
116.82
116.73
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/JPY in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 115.96 | 116.25 | 116.47 | 116.73 | 117.00 | 117.30 | 118.23 |
| Change (%) | -0.66% | -0.41% | -0.22% | - | +0.23% | +0.49% | +1.29% |
| Change | -0.77 | -0.48 | -0.26 | - | +0.27 | +0.57 | +1.50 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Major |
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 | 116.18 | 116.38 | 116.59 | 116.79 | 117.00 | 117.20 | 117.41 |
| Camarilla | 116.69 | 116.73 | 116.76 | 116.80 | 116.84 | 116.88 | 116.91 |
| Woodie | 116.19 | 116.38 | 116.60 | 116.79 | 117.01 | 117.20 | 117.42 |
| Fibonacci | 116.38 | 116.54 | 116.63 | 116.79 | 116.95 | 117.04 | 117.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.37 | 114.26 | 115.53 | 116.42 | 117.69 | 118.58 | 119.85 |
| Camarilla | 116.21 | 116.40 | 116.60 | 116.80 | 117.00 | 117.20 | 117.39 |
| Woodie | 113.56 | 114.36 | 115.72 | 116.52 | 117.88 | 118.68 | 120.04 |
| Fibonacci | 114.26 | 115.09 | 115.60 | 116.42 | 117.25 | 117.76 | 118.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.63 | 113.80 | 115.53 | 116.70 | 118.43 | 119.60 | 121.33 |
| Camarilla | 116.45 | 116.72 | 116.98 | 117.25 | 117.52 | 117.78 | 118.05 |
| Woodie | 112.90 | 113.94 | 115.80 | 116.84 | 118.70 | 119.74 | 121.60 |
| Fibonacci | 113.80 | 114.91 | 115.60 | 116.70 | 117.81 | 118.50 | 119.60 |
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): | 51.19 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 3.73 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 116.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.61 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 117.04 | |
| Zig ZAG (10): | 116.73 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 69.10 | |
| TEMA (21): | 116.73 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.02 |
| MA7: | 116.34 | |
| MA20: | 116.51 | |
| MA50: | 115.71 | |
| MA100: | 113.81 | |
| MAexp7: | 116.75 | |
| MAexp20: | 116.73 | |
| MAexp50: | 116.65 | |
| MAexp100: | 116.51 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | +2.57% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-09-14 09:30:28
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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.
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