CHF/JPY - 1H - Technical analysis published on 10/04/2019 (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 bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 107.20 JPY
My targets
106.81 JPY (-0.01%)
106.19 JPY (-0.59%)
My analysis
The bearish trend is currently very strong for CHF/JPY. As long as the price remains below the resistance at 107.20 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 106.81 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 106.19 JPY as an objective. Crossing it would then enable sellers to target 102.14 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
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
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/JPY rating 106.82 JPY. On the day, this instrument lost -0.18% with the lowest point at 106.73 JPY and the highest point at 107.06 JPY. The deviation from the price is +0.08% for the low point and -0.22% for the high point.106.73
107.06
106.82
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/JPY chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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 support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 102.14 | 106.19 | 106.81 | 106.82 | 107.20 | 108.30 | 108.56 |
| Change (%) | -4.38% | -0.59% | -0.01% | - | +0.36% | +1.39% | +1.63% |
| Change | -4.68 | -0.63 | -0.01 | - | +0.38 | +1.48 | +1.74 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.98 | 106.40 | 106.70 | 107.12 | 107.42 | 107.84 | 108.14 |
| Camarilla | 106.81 | 106.88 | 106.94 | 107.01 | 107.08 | 107.14 | 107.21 |
| Woodie | 105.93 | 106.37 | 106.65 | 107.09 | 107.37 | 107.81 | 108.09 |
| Fibonacci | 106.40 | 106.67 | 106.84 | 107.12 | 107.39 | 107.56 | 107.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.44 | 107.80 | 108.36 | 108.72 | 109.28 | 109.64 | 110.20 |
| Camarilla | 108.67 | 108.75 | 108.84 | 108.92 | 109.00 | 109.09 | 109.17 |
| Woodie | 107.54 | 107.85 | 108.46 | 108.77 | 109.38 | 109.69 | 110.30 |
| Fibonacci | 107.80 | 108.15 | 108.37 | 108.72 | 109.07 | 109.29 | 109.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.20 | 105.53 | 106.92 | 108.25 | 109.64 | 110.97 | 112.36 |
| Camarilla | 107.56 | 107.81 | 108.06 | 108.31 | 108.56 | 108.81 | 109.06 |
| Woodie | 104.23 | 105.55 | 106.95 | 108.27 | 109.67 | 110.99 | 112.39 |
| Fibonacci | 105.53 | 106.57 | 107.21 | 108.25 | 109.29 | 109.93 | 110.97 |
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): | 36.18 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -16.67 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 106.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.06 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 107.13 | |
| Zig ZAG (10): | 106.86 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 25.37 | |
| TEMA (21): | 106.83 | |
| Williams %R (14): | -62.86 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.28 |
| MA7: | 107.94 | |
| MA20: | 108.47 | |
| MA50: | 108.49 | |
| MA100: | 108.93 | |
| MAexp7: | 106.87 | |
| MAexp20: | 106.97 | |
| MAexp50: | 107.28 | |
| MAexp100: | 107.66 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | -1.52% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -1.94% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.78% |
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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