CHF/JPY - 1H - Technical analysis published on 09/10/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 108.23 JPY
My targets
108.56 JPY (+0.17%)
108.80 JPY (+0.39%)
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 108.23 JPY. The next resistance located at 108.56 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 108.80 JPY. After this resistance, buyers could then target 109.50 JPY. 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.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY price is 108.38 JPY. On the day, this instrument gained +0.20% and was between 108.11 JPY and 108.42 JPY. This implies that the price is at +0.25% from its lowest and at -0.04% from its highest.108.11
108.42
108.38
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CHF/JPY chart shows a strongly bullish trend. 85.71% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 107.35 | 107.83 | 108.23 | 108.38 | 108.56 | 108.80 | 109.50 |
| Change (%) | -0.95% | -0.51% | -0.14% | - | +0.17% | +0.39% | +1.03% |
| Change | -1.03 | -0.55 | -0.15 | - | +0.18 | +0.42 | +1.12 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.63 | 107.77 | 107.97 | 108.11 | 108.31 | 108.45 | 108.65 |
| Camarilla | 108.07 | 108.10 | 108.13 | 108.16 | 108.19 | 108.22 | 108.25 |
| Woodie | 107.65 | 107.79 | 107.99 | 108.13 | 108.33 | 108.47 | 108.67 |
| Fibonacci | 107.77 | 107.90 | 107.98 | 108.11 | 108.24 | 108.32 | 108.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.21 | 106.04 | 107.15 | 107.98 | 109.09 | 109.92 | 111.03 |
| Camarilla | 107.74 | 107.91 | 108.09 | 108.27 | 108.45 | 108.63 | 108.80 |
| Woodie | 105.36 | 106.11 | 107.30 | 108.05 | 109.24 | 109.99 | 111.18 |
| Fibonacci | 106.04 | 106.78 | 107.24 | 107.98 | 108.72 | 109.18 | 109.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.79 | 105.50 | 106.41 | 108.12 | 109.03 | 110.74 | 111.65 |
| Camarilla | 106.61 | 106.85 | 107.09 | 107.33 | 107.57 | 107.81 | 108.05 |
| Woodie | 103.40 | 105.30 | 106.02 | 107.92 | 108.64 | 110.54 | 111.26 |
| Fibonacci | 105.50 | 106.50 | 107.12 | 108.12 | 109.12 | 109.74 | 110.74 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.55 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 14.85 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 108.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.11 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 107.97 | |
| Zig ZAG (10): | 108.39 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 78.47 | |
| TEMA (21): | 108.30 | |
| Williams %R (14): | -10.81 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.35 |
| MA7: | 108.04 | |
| MA20: | 108.20 | |
| MA50: | 108.88 | |
| MA100: | 109.01 | |
| MAexp7: | 108.27 | |
| MAexp20: | 108.20 | |
| MAexp50: | 108.17 | |
| MAexp100: | 108.10 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -0.46% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.26% |
News
The last news published on CHF/JPY at the time of the generation of this analysis was as follows:
CHFJPY Potential Swing to the Long SideThis member declared not having a position on this financial instrument or a related financial instrument.
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