CHF/JPY - 1H - Technical analysis published on 09/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 114.39 JPY
My targets
114.93 JPY (+0.40)
115.21 JPY (+0.68)
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 above the support located at 114.39 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 114.93 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 115.21 JPY as an objective. Crossing it would then enable buyers to target 115.47 JPY. If the support 114.39 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.6
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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 114.53 JPY. The price is lower by -0.36% since the last closing and was between 114.46 JPY and 115.00 JPY. This implies that the price is at +0.06% from its lowest and at -0.41% from its highest.114.46
115.00
114.53
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 this 1H chart of CHF/JPY indicates that the overall trend is bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 113.70 | 114.15 | 114.39 | 114.53 | 114.93 | 115.21 | 115.47 |
| Change (%) | -0.72% | -0.33% | -0.12% | - | +0.35% | +0.59% | +0.82% |
| Change | -0.83 | -0.38 | -0.14 | - | +0.40 | +0.68 | +0.94 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 113.33 | 113.67 | 114.31 | 114.65 | 115.29 | 115.63 | 116.27 |
| Camarilla | 114.67 | 114.76 | 114.85 | 114.94 | 115.03 | 115.12 | 115.21 |
| Woodie | 113.47 | 113.75 | 114.45 | 114.73 | 115.43 | 115.71 | 116.41 |
| Fibonacci | 113.67 | 114.05 | 114.28 | 114.65 | 115.03 | 115.26 | 115.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.85 | 112.69 | 113.19 | 114.03 | 114.53 | 115.37 | 115.87 |
| Camarilla | 113.32 | 113.44 | 113.57 | 113.69 | 113.81 | 113.94 | 114.06 |
| Woodie | 111.68 | 112.61 | 113.02 | 113.95 | 114.36 | 115.29 | 115.70 |
| Fibonacci | 112.69 | 113.20 | 113.52 | 114.03 | 114.54 | 114.86 | 115.37 |
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): | 43.21 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | -3.51 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 114.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.92 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 114.53 | |
| Zig ZAG (10): | 114.57 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 10.17 | |
| TEMA (21): | 114.74 | |
| Williams %R (14): | -79.63 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.08 |
| MA7: | 114.17 | |
| MA20: | 115.27 | |
| MA50: | 115.82 | |
| MA100: | 114.35 | |
| MAexp7: | 114.66 | |
| MAexp20: | 114.66 | |
| MAexp50: | 114.42 | |
| MAexp100: | 114.26 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -1.11% | |
| Price / MA100: | +0.16% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.24% |
Quotes :
2020-09-30 06:47:57
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Real time data
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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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