CHF/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - Daily - Technical analysis published on 03/07/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 171.44 JPY

My targets

166.45 JPY (-1.49)

163.26 JPY (-4.68)

My analysis

CHF/JPY is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 171.44 JPY, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 166.45 JPY. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 163.26 JPY would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 159.80 JPY. Beware of a possible return to above the resistance located at 171.44 JPY which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

3.8

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

The CHF/JPY price is 167.94 JPY. On the day, this instrument lost -0.76% and was traded between 167.78 JPY and 169.22 JPY over the period. The price is currently at +0.10% from its lowest and -0.76% from its highest.

167.78

169.22

167.94

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, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHF/JPY in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	159.80	163.26	166.45	167.94	171.44
Change (%)	-4.85%	-2.79%	-0.89%	-	+2.08%
Change	-8.14	-4.68	-1.49	-	+3.50
Level	Minor	Major	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	167.93	168.43	168.82	169.32	169.71	170.21	170.60
Camarilla	168.98	169.06	169.14	169.22	169.30	169.38	169.47
Woodie	167.89	168.40	168.78	169.29	169.67	170.18	170.56
Fibonacci	168.43	168.77	168.98	169.32	169.66	169.87	170.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	166.94	168.17	169.05	170.28	171.16	172.39	173.27
Camarilla	169.34	169.53	169.73	169.92	170.11	170.31	170.50
Woodie	166.76	168.08	168.87	170.19	170.98	172.30	173.09
Fibonacci	168.17	168.98	169.48	170.28	171.09	171.59	172.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	166.29	167.77	168.73	170.21	171.17	172.65	173.61
Camarilla	169.01	169.23	169.46	169.68	169.90	170.13	170.35
Woodie	166.02	167.64	168.46	170.08	170.90	172.52	173.34
Fibonacci	167.77	168.71	169.28	170.21	171.15	171.72	172.65

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	33.48
MACD (12,26,9):	-0.2500
Directional Movement:	-13.19
AROON (14):	-71.43
DEMA (21):	169.88
Parabolic SAR (0,02-0,02-0,2):	171.25
Elder Ray (13):	-1.32
Super Trend (3,10):	171.49
Zig ZAG (10):	167.95
VORTEX (21):	0.9300
Stochastique (14,3,5):	9.60
TEMA (21):	169.34
Williams %R (14):	-99.47
Chande Momentum Oscillator (20):	-2.14
Repulse (5,40,3):	-1.3600
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.84

MA7:	169.71
MA20:	170.28
MA50:	170.22
MA100:	168.73
MAexp7:	169.46
MAexp20:	170.07
MAexp50:	169.75
MAexp100:	168.26
Price / MA7:	-1.04%
Price / MA20:	-1.37%
Price / MA50:	-1.34%
Price / MA100:	-0.47%
Price / MAexp7:	-0.90%
Price / MAexp20:	-1.25%
Price / MAexp50:	-1.07%
Price / MAexp100:	-0.19%

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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