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 10/30/2024 (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

83%

17%

My opinion

Bullish above 176.52 JPY

My targets

177.24 JPY (+0.23)

179.02 JPY (+2.01)

My analysis

The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 176.52 JPY, you could try to benefit from the boom. The first bullish objective is located at 177.24 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 179.02 JPY as an objective. Crossing it would then enable buyers to target 179.74 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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

Additional analysis

Quotes

The CHF/JPY rating is 177.01 JPY. On the day, this instrument gained +0.16% and was between 176.20 JPY and 177.05 JPY. This implies that the price is at +0.46% from its lowest and at -0.02% from its highest.

176.20

177.05

177.01

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CHF/JPY chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	173.99	175.07	176.52	177.01	177.24	179.74
Change (%)	-1.71%	-1.10%	-0.28%	-	+0.13%	+1.54%
Change	-3.02	-1.94	-0.49	-	+0.23	+2.73
Level	Intermediate	Intermediate	Major	-	Intermediate	Major

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	175.73	176.12	176.42	176.81	177.11	177.50	177.80
Camarilla	176.54	176.60	176.67	176.73	176.79	176.86	176.92
Woodie	175.70	176.10	176.39	176.79	177.08	177.48	177.77
Fibonacci	176.12	176.38	176.54	176.81	177.07	177.23	177.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	169.08	170.74	173.22	174.88	177.36	179.02	181.50
Camarilla	174.56	174.94	175.32	175.70	176.08	176.46	176.84
Woodie	169.49	170.95	173.63	175.09	177.77	179.23	181.91
Fibonacci	170.74	172.32	173.30	174.88	176.46	177.44	179.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	158.41	161.85	165.93	169.37	173.45	176.89	180.97
Camarilla	167.93	168.62	169.31	170.00	170.69	171.38	172.07
Woodie	158.72	162.01	166.24	169.53	173.76	177.05	181.28
Fibonacci	161.85	164.73	166.50	169.37	172.25	174.02	176.89

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):	57.96
MACD (12,26,9):	0.0400
Directional Movement:	9.95
AROON (14):	50.00
DEMA (21):	176.78
Parabolic SAR (0,02-0,02-0,2):	176.30
Elder Ray (13):	0.21
Super Trend (3,10):	177.02
Zig ZAG (10):	176.98
VORTEX (21):	1.0600
Stochastique (14,3,5):	91.66
TEMA (21):	176.82
Williams %R (14):	-8.24
Chande Momentum Oscillator (20):	0.23
Repulse (5,40,3):	0.0400
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.14

MA7:	176.10
MA20:	174.24
MA50:	171.47
MA100:	173.29
MAexp7:	176.85
MAexp20:	176.75
MAexp50:	176.68
MAexp100:	176.35
Price / MA7:	+0.52%
Price / MA20:	+1.59%
Price / MA50:	+3.23%
Price / MA100:	+2.15%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.37%

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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