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CHF/JPY
CHF JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFJPY
ISIN:

CHF/JPY - Daily - Technical analysis published on 10/30/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 173.99 JPY
My targets
179.74 JPY (+2.73)
My analysis
CHF/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 173.99 JPY. The next resistance located at 179.74 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
0
10
8.2

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.

shadybhai
This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

CHF/JPY rating 177.01 JPY. The price has increased by +0.16% since the last closing with the lowest point at 176.20 JPY and the highest point at 177.05 JPY. The deviation from the price is +0.46% for the low point and -0.02% for the high point.

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 for higher/lower results shows the following items:

Central Records

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


Technical analysis of CHF/JPY in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 169.44 171.44 173.99 177.01 177.24 179.74
Change (%) -4.28% -3.15% -1.71% - +0.13% +1.54%
Change -7.57 -5.57 -3.02 - +0.23 +2.73
Level Intermediate Intermediate Intermediate - Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard175.73176.12176.42176.81177.11177.50177.80
Camarilla176.54176.60176.67176.73176.79176.86176.92
Woodie175.70176.10176.39176.79177.08177.48177.77
Fibonacci176.12176.38176.54176.81177.07177.23177.50


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.08170.74173.22174.88177.36179.02181.50
Camarilla174.56174.94175.32175.70176.08176.46176.84
Woodie169.49170.95173.63175.09177.77179.23181.91
Fibonacci170.74172.32173.30174.88176.46177.44179.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard158.41161.85165.93169.37173.45176.89180.97
Camarilla167.93168.62169.31170.00170.69171.38172.07
Woodie158.72162.01166.24169.53173.76177.05181.28
Fibonacci161.85164.73166.50169.37172.25174.02176.89

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): 68.48
MACD (12,26,9): 1.5100
Directional Movement: 20.43
AROON (14): 35.71
DEMA (21): 176.17
Parabolic SAR (0,02-0,02-0,2): 173.74
Elder Ray (13): 1.50
Super Trend (3,10): 173.31
Zig ZAG (10): 176.99
VORTEX (21): 1.2800
Stochastique (14,3,5): 93.66
TEMA (21): 177.09
Williams %R (14): -5.37
Chande Momentum Oscillator (20): 3.37
Repulse (5,40,3): 0.7200
ROCnROLL: 1
TRIX (15,9): 0.1100
Courbe Coppock: 3.42
MA7: 176.10
MA20: 174.24
MA50: 171.47
MA100: 173.29
MAexp7: 176.05
MAexp20: 174.30
MAexp50: 172.78
MAexp100: 172.38
Price / MA7: +0.52%
Price / MA20: +1.59%
Price / MA50: +3.23%
Price / MA100: +2.15%
Price / MAexp7: +0.55%
Price / MAexp20: +1.55%
Price / MAexp50: +2.45%
Price / MAexp100: +2.69%

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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