CHF/JPY - 15 min. - Technical analysis published on 03/02/2020 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 112.16 JPY
My targets
112.98 JPY (+0.45)
114.00 JPY (+1.47)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/JPY as long as the price remains well above 112.16 JPY. The buyers” bullish objective is set at 112.98 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 114.00 JPY. If there is any crossing, the next objective would be the resistance located at 114.82 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8
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This analysis was given by dbranez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY price is 112.53 JPY. On the day, this instrument lost +0.50% and was between 111.37 JPY and 112.57 JPY. This implies that the price is at +1.04% from its lowest and at -0.04% from its highest.111.37
112.57
112.53
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 15 min. chart of CHF/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Aroon indicator bullish trend
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
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 | 111.33 | 111.73 | 111.97 | 112.53 | 112.90 | 113.36 | 114.24 |
| Change (%) | -1.07% | -0.71% | -0.50% | - | +0.33% | +0.74% | +1.52% |
| Change | -1.20 | -0.80 | -0.56 | - | +0.37 | +0.83 | +1.71 |
| Level | Major | Minor | Intermediate | - | Major | 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 | 109.30 | 110.32 | 111.14 | 112.16 | 112.98 | 114.00 | 114.82 |
| Camarilla | 111.46 | 111.63 | 111.80 | 111.97 | 112.14 | 112.31 | 112.48 |
| Woodie | 109.21 | 110.27 | 111.05 | 112.11 | 112.89 | 113.95 | 114.73 |
| Fibonacci | 110.32 | 111.02 | 111.45 | 112.16 | 112.86 | 113.29 | 114.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.09 | 109.71 | 110.84 | 112.46 | 113.59 | 115.21 | 116.34 |
| Camarilla | 111.21 | 111.47 | 111.72 | 111.97 | 112.22 | 112.47 | 112.73 |
| Woodie | 107.85 | 109.59 | 110.60 | 112.34 | 113.35 | 115.09 | 116.10 |
| Fibonacci | 109.71 | 110.76 | 111.41 | 112.46 | 113.51 | 114.16 | 115.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.84 | 109.58 | 110.78 | 112.52 | 113.72 | 115.46 | 116.66 |
| Camarilla | 111.16 | 111.43 | 111.70 | 111.97 | 112.24 | 112.51 | 112.78 |
| Woodie | 107.56 | 109.45 | 110.50 | 112.39 | 113.44 | 115.33 | 116.38 |
| Fibonacci | 109.58 | 110.71 | 111.40 | 112.52 | 113.65 | 114.34 | 115.46 |
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): | 68.78 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 21.07 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 112.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.06 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 112.04 | |
| Zig ZAG (10): | 112.36 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 93.26 | |
| TEMA (21): | 112.36 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.07 |
| MA7: | 112.96 | |
| MA20: | 112.67 | |
| MA50: | 112.60 | |
| MA100: | 111.30 | |
| MAexp7: | 112.31 | |
| MAexp20: | 112.24 | |
| MAexp50: | 112.11 | |
| MAexp100: | 112.19 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | +1.11% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.30% |
News
The latest news and videos published on CHF/JPY at the time of the analysis were as follows:
CHFJPY Potential Swing to the Long SideThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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