CHF/JPY - 1H - Technical analysis published on 10/08/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 114.99 JPY
My targets
115.75 JPY (+0.14)
116.18 JPY (+0.57)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/JPY as long as the price remains well above 114.99 JPY. The buyers” bullish objective is set at 115.75 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 116.18 JPY. If there is any crossing, the next objective would be the resistance located at 118.23 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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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 115.61 JPY. On the day, this instrument gained +0.05% and was traded between 115.22 JPY and 115.74 JPY over the period. The price is currently at +0.34% from its lowest and -0.11% from its highest.115.22
115.74
115.61
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 this 1H chart of CHF/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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 support of channel
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 | 114.14 | 114.99 | 115.50 | 115.61 | 115.75 | 116.18 | 118.23 |
| Change (%) | -1.27% | -0.54% | -0.10% | - | +0.12% | +0.49% | +2.27% |
| Change | -1.47 | -0.62 | -0.11 | - | +0.14 | +0.57 | +2.62 |
| Level | Major | Major | Minor | - | 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 | 114.40 | 114.71 | 115.13 | 115.44 | 115.86 | 116.17 | 116.59 |
| Camarilla | 115.35 | 115.42 | 115.48 | 115.55 | 115.62 | 115.68 | 115.75 |
| Woodie | 114.46 | 114.74 | 115.19 | 115.47 | 115.92 | 116.20 | 116.65 |
| Fibonacci | 114.71 | 114.99 | 115.16 | 115.44 | 115.72 | 115.89 | 116.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.49 | 112.38 | 113.41 | 114.30 | 115.33 | 116.22 | 117.25 |
| Camarilla | 113.91 | 114.09 | 114.26 | 114.44 | 114.62 | 114.79 | 114.97 |
| Woodie | 111.56 | 112.42 | 113.48 | 114.34 | 115.40 | 116.26 | 117.32 |
| Fibonacci | 112.38 | 113.11 | 113.57 | 114.30 | 115.03 | 115.49 | 116.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.45 | 110.86 | 112.68 | 115.09 | 116.91 | 119.32 | 121.14 |
| Camarilla | 113.34 | 113.72 | 114.11 | 114.50 | 114.89 | 115.28 | 115.66 |
| Woodie | 108.16 | 110.71 | 112.39 | 114.94 | 116.62 | 119.17 | 120.85 |
| Fibonacci | 110.86 | 112.48 | 113.47 | 115.09 | 116.71 | 117.70 | 119.32 |
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): | 55.66 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -1.48 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 115.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.22 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 115.75 | |
| Zig ZAG (10): | 115.60 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 66.03 | |
| TEMA (21): | 115.51 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.17 |
| MA7: | 115.09 | |
| MA20: | 114.96 | |
| MA50: | 115.84 | |
| MA100: | 114.62 | |
| MAexp7: | 115.53 | |
| MAexp20: | 115.53 | |
| MAexp50: | 115.47 | |
| MAexp100: | 115.31 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | -0.20% | |
| Price / MA100: | +0.86% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.27% |
Quotes :
2020-10-08 18:56:34
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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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