CHF/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - 1H - Technical analysis published on 02/05/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Neutral

Technical indicators

17%

39%

44%

My opinion

Neutral between 170.41 JPY and 171.18 JPY

My targets

My analysis

There is no basic trend for CHF/JPY and in the short term, there are still few sellers. It is difficult to advise a trading direction under these conditions. The first support is located at 170.41 JPY. The first resistance is located at 171.18 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.

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 170.88 JPY. The price registered a decrease of -0.13% on the session with the lowest point at 170.85 JPY and the highest point at 171.42 JPY. The deviation from the price is +0.02% for the low point and -0.32% for the high point.

170.85

171.42

170.88

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHF/JPY:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 this 1H chart of CHF/JPY indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is low given the direction of the technical indicators.
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

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	169.95	170.41	170.80	170.88	171.18	171.49	171.83
Change (%)	-0.54%	-0.28%	-0.05%	-	+0.18%	+0.36%	+0.56%
Change	-0.93	-0.47	-0.08	-	+0.30	+0.61	+0.95
Level	Intermediate	Major	Minor	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	169.74	170.17	170.64	171.07	171.54	171.97	172.44
Camarilla	170.86	170.95	171.03	171.11	171.19	171.28	171.36
Woodie	169.76	170.18	170.66	171.08	171.56	171.98	172.46
Fibonacci	170.17	170.51	170.73	171.07	171.41	171.63	171.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	167.73	168.70	169.90	170.87	172.07	173.04	174.24
Camarilla	170.51	170.71	170.91	171.11	171.31	171.51	171.71
Woodie	167.86	168.76	170.03	170.93	172.20	173.10	174.37
Fibonacci	168.70	169.53	170.04	170.87	171.70	172.21	173.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	162.53	164.67	167.56	169.70	172.59	174.73	177.62
Camarilla	169.08	169.54	170.00	170.46	170.92	171.38	171.84
Woodie	162.92	164.86	167.95	169.89	172.98	174.92	178.01
Fibonacci	164.67	166.59	167.78	169.70	171.62	172.81	174.73

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):	44.77
MACD (12,26,9):	0.0300
Directional Movement:	2.01
AROON (14):	-35.72
DEMA (21):	171.16
Parabolic SAR (0,02-0,02-0,2):	171.36
Elder Ray (13):	-0.12
Super Trend (3,10):	170.72
Zig ZAG (10):	170.94
VORTEX (21):	0.9200
Stochastique (14,3,5):	10.51
TEMA (21):	171.08
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-0.24
Repulse (5,40,3):	-0.1400
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.19

MA7:	170.98
MA20:	170.71
MA50:	168.63
MA100:	167.29
MAexp7:	171.03
MAexp20:	171.08
MAexp50:	170.95
MAexp100:	170.87
Price / MA7:	-0.06%
Price / MA20:	+0.10%
Price / MA50:	+1.33%
Price / MA100:	+2.15%
Price / MAexp7:	-0.09%
Price / MAexp20:	-0.12%
Price / MAexp50:	-0.04%
Price / MAexp100:	+0.01%

Quotes : - Real time data - Forex

News

The last news published on CHF/JPY at the time of the generation of this analysis was as follows:

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

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