CHF/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFJPY
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CHF/JPY - 1H - Technical analysis published on 01/25/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

28%

22%

50%

My opinion

Bullish above 170.60 JPY

My targets

171.19 JPY (+0.26)

171.37 JPY (+0.44)

My analysis

The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 170.60 JPY, you could try to benefit from the boom. The first bullish objective is located at 171.19 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 171.37 JPY as an objective. Crossing it would then enable buyers to target 171.59 JPY. 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

6.1

Comment on the analysis

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 GCrow. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CHF/JPY rating 170.93 JPY. On the day, this instrument lost -0.04% and was between 170.74 JPY and 171.07 JPY. This implies that the price is at +0.11% from its lowest and at -0.08% from its highest.

170.74

171.07

170.93

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHF/JPY in 1H shows a strongly overall bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 9 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	170.39	170.60	170.89	170.93	171.19	171.37	171.59
Change (%)	-0.32%	-0.19%	-0.02%	-	+0.15%	+0.26%	+0.39%
Change	-0.54	-0.33	-0.04	-	+0.26	+0.44	+0.66
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	Minor

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	169.07	169.50	170.24	170.67	171.41	171.84	172.58
Camarilla	170.67	170.78	170.88	170.99	171.10	171.21	171.31
Woodie	169.24	169.58	170.41	170.75	171.58	171.92	172.75
Fibonacci	169.50	169.94	170.22	170.67	171.11	171.39	171.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	168.08	168.98	169.80	170.70	171.52	172.42	173.24
Camarilla	170.16	170.32	170.47	170.63	170.79	170.95	171.10
Woodie	168.05	168.96	169.77	170.68	171.49	172.40	173.21
Fibonacci	168.98	169.63	170.04	170.70	171.35	171.76	172.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	155.89	159.04	163.30	166.45	170.71	173.86	178.12
Camarilla	165.53	166.21	166.89	167.57	168.25	168.93	169.61
Woodie	156.46	159.32	163.87	166.73	171.28	174.14	178.69
Fibonacci	159.04	161.87	163.62	166.45	169.28	171.03	173.86

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):	58.12
MACD (12,26,9):	0.1300
Directional Movement:	6.66
AROON (14):	42.86
DEMA (21):	170.97
Parabolic SAR (0,02-0,02-0,2):	170.77
Elder Ray (13):	0.13
Super Trend (3,10):	170.38
Zig ZAG (10):	170.92
VORTEX (21):	1.1000
Stochastique (14,3,5):	71.70
TEMA (21):	171.01
Williams %R (14):	-46.34
Chande Momentum Oscillator (20):	-0.09
Repulse (5,40,3):	-0.0900
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.35

MA7:	170.78
MA20:	169.96
MA50:	168.35
MA100:	166.88
MAexp7:	170.91
MAexp20:	170.79
MAexp50:	170.62
MAexp100:	170.57
Price / MA7:	+0.09%
Price / MA20:	+0.57%
Price / MA50:	+1.53%
Price / MA100:	+2.43%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.18%
Price / MAexp100:	+0.21%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on CHF/JPY. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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