CHF/JPY - 1H - Technical analysis published on 03/13/2020 (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:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 111.76 JPY
My targets
112.30 JPY (+0.29)
112.86 JPY (+0.85)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CHF/JPY. This is a positive signal for buyers. As long as the price remains above 111.76 JPY, a purchase could be considered. The first bullish objective is located at 112.30 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 112.86 JPY as an objective. Crossing it would then enable buyers to target 113.23 JPY. In the event of a return below 111.76 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
0
10
7.5
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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 112.01 JPY. The price is lower by +1.07% since the last closing and was traded between 110.68 JPY and 112.32 JPY over the period. The price is currently at +1.20% from its lowest and -0.28% from its highest.110.68
112.32
112.01
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of CHF/JPY indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 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:
Support of triangle is broken
Type : Bearish
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 | 110.97 | 111.47 | 111.76 | 112.01 | 112.30 | 112.86 | 113.23 |
| Change (%) | -0.93% | -0.48% | -0.22% | - | +0.26% | +0.76% | +1.09% |
| Change | -1.04 | -0.54 | -0.25 | - | +0.29 | +0.85 | +1.22 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
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 | 108.52 | 109.39 | 110.11 | 110.98 | 111.70 | 112.57 | 113.29 |
| Camarilla | 110.39 | 110.54 | 110.68 | 110.83 | 110.98 | 111.12 | 111.27 |
| Woodie | 108.45 | 109.35 | 110.04 | 110.94 | 111.63 | 112.53 | 113.22 |
| Fibonacci | 109.39 | 110.00 | 110.37 | 110.98 | 111.59 | 111.96 | 112.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.54 | 110.46 | 111.42 | 112.34 | 113.30 | 114.22 | 115.18 |
| Camarilla | 111.87 | 112.05 | 112.22 | 112.39 | 112.56 | 112.74 | 112.91 |
| Woodie | 109.57 | 110.47 | 111.45 | 112.35 | 113.33 | 114.23 | 115.21 |
| Fibonacci | 110.46 | 111.18 | 111.62 | 112.34 | 113.06 | 113.50 | 114.22 |
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): | 62.86 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 15.93 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 111.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.94 | |
| Elder Ray (13): | 0.51 | |
| Super Trend (3,10): | 110.68 | |
| Zig ZAG (10): | 112.00 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 80.44 | |
| TEMA (21): | 111.89 | |
| Williams %R (14): | -19.16 | |
| Chande Momentum Oscillator (20): | 1.17 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.09 |
| MA7: | 111.72 | |
| MA20: | 112.44 | |
| MA50: | 112.60 | |
| MA100: | 111.51 | |
| MAexp7: | 111.68 | |
| MAexp20: | 111.43 | |
| MAexp50: | 111.36 | |
| MAexp100: | 111.47 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.38% | |
| Price / MA50: | -0.52% | |
| Price / MA100: | +0.45% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.48% |
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:
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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