CHF/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFJPY
ISIN:

CHF/JPY - Daily - Technical analysis published on 10/31/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 173.99 JPY

My targets

179.74 JPY (+3.14)

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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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 price is 176.60 JPY. On the day, this instrument lost -0.15% and was traded between 176.56 JPY and 177.32 JPY over the period. The price is currently at +0.02% from its lowest and -0.41% from its highest.

176.56

177.32

176.60

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

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. 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	169.44	171.44	173.99	176.60	177.24	179.74
Change (%)	-4.05%	-2.92%	-1.48%	-	+0.36%	+1.78%
Change	-7.16	-5.16	-2.61	-	+0.64	+3.14
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	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	175.49	175.85	176.35	176.71	177.21	177.57	178.07
Camarilla	176.62	176.70	176.78	176.86	176.94	177.02	177.10
Woodie	175.57	175.89	176.43	176.75	177.29	177.61	178.15
Fibonacci	175.85	176.18	176.38	176.71	177.04	177.24	177.57

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):	66.64
MACD (12,26,9):	1.5000
Directional Movement:	21.10
AROON (14):	57.14
DEMA (21):	176.39
Parabolic SAR (0,02-0,02-0,2):	174.02
Elder Ray (13):	1.62
Super Trend (3,10):	173.65
Zig ZAG (10):	176.68
VORTEX (21):	1.3100
Stochastique (14,3,5):	89.47
TEMA (21):	177.25
Williams %R (14):	-13.62
Chande Momentum Oscillator (20):	3.82
Repulse (5,40,3):	0.0900
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	3.51

MA7:	176.37
MA20:	174.45
MA50:	171.57
MA100:	173.30
MAexp7:	176.17
MAexp20:	174.51
MAexp50:	172.92
MAexp100:	172.46
Price / MA7:	+0.13%
Price / MA20:	+1.23%
Price / MA50:	+2.93%
Price / MA100:	+1.90%
Price / MAexp7:	+0.24%
Price / MAexp20:	+1.20%
Price / MAexp50:	+2.13%
Price / MAexp100:	+2.40%

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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