CHF/JPY - 1H - Technical analysis published on 03/02/2020 (GMT)
- Who voted?
- 198
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 112.90 JPY
My targets
111.97 JPY (-0.23)
111.73 JPY (-0.47)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/JPY. As long as you are under the resistance located at 112.90 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 111.97 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 111.73 JPY as an objective. Crossing it would then enable sellers to target 111.33 JPY. If the resistance 112.90 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.3
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
CHF/JPY rating 112.20 JPY. The price registered a decrease of +0.21% on the session and was traded between 111.37 JPY and 112.57 JPY over the period. The price is currently at +0.75% from its lowest and -0.33% from its highest.111.37
112.57
112.20
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
Technical analysis of CHF/JPY in 1H shows an overall bearish trend. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
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 under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 112.20 | 112.90 | 113.36 | 114.24 |
| Change (%) | -0.78% | -0.42% | -0.20% | - | +0.62% | +1.03% | +1.82% |
| Change | -0.87 | -0.47 | -0.23 | - | +0.70 | +1.16 | +2.04 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation 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): | 51.91 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | 7.58 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 112.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 111.69 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 112.52 | |
| Zig ZAG (10): | 112.28 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 79.04 | |
| TEMA (21): | 112.14 | |
| Williams %R (14): | -27.50 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.76 |
| MA7: | 112.93 | |
| MA20: | 112.66 | |
| MA50: | 112.59 | |
| MA100: | 111.30 | |
| MAexp7: | 112.19 | |
| MAexp20: | 112.14 | |
| MAexp50: | 112.41 | |
| MAexp100: | 112.68 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -0.41% | |
| Price / MA50: | -0.35% | |
| Price / MA100: | +0.81% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.42% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHF/JPY - 1H