Londinia Opportunities Analyses - 10/18/2021 (GMT) CHF/JPY - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 123.28 JPY
My targets
124.82 JPY (+0.97)
125.88 JPY (+2.03)
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 123.28 JPY. The next resistance located at 124.82 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 125.88 JPY. After this resistance, buyers could then target 136.95 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The CHF/JPY price is 123.85 JPY. The price registered an increase of +0.07% on the session and was between 123.38 JPY and 123.88 JPY. This implies that the price is at +0.38% from its lowest and at -0.02% from its highest.123.38
123.88
123.85
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/JPY in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
In fact, 15 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 121.17 | 122.51 | 123.28 | 123.85 | 123.89 | 136.95 |
| Change (%) | -2.16% | -1.08% | -0.46% | - | +0.03% | +10.58% |
| Change | -2.68 | -1.34 | -0.57 | - | +0.04 | +13.10 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate |
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 | 122.54 | 122.84 | 123.30 | 123.60 | 124.06 | 124.36 | 124.82 |
| Camarilla | 123.56 | 123.63 | 123.70 | 123.77 | 123.84 | 123.91 | 123.98 |
| Woodie | 122.63 | 122.88 | 123.39 | 123.64 | 124.15 | 124.40 | 124.91 |
| Fibonacci | 122.84 | 123.13 | 123.31 | 123.60 | 123.89 | 124.07 | 124.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.74 | 119.80 | 121.78 | 122.84 | 124.82 | 125.88 | 127.86 |
| Camarilla | 122.93 | 123.21 | 123.49 | 123.77 | 124.05 | 124.33 | 124.61 |
| Woodie | 119.21 | 120.03 | 122.25 | 123.07 | 125.29 | 126.11 | 128.33 |
| Fibonacci | 119.80 | 120.96 | 121.68 | 122.84 | 124.00 | 124.72 | 125.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.02 | 116.28 | 117.90 | 119.16 | 120.78 | 122.04 | 123.66 |
| Camarilla | 118.73 | 118.99 | 119.26 | 119.52 | 119.78 | 120.05 | 120.31 |
| Woodie | 115.20 | 116.37 | 118.08 | 119.25 | 120.96 | 122.13 | 123.84 |
| Fibonacci | 116.28 | 117.38 | 118.06 | 119.16 | 120.26 | 120.94 | 122.04 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.95 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 11.28 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 123.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 123.45 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 123.37 | |
| Zig ZAG (10): | 123.85 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 80.30 | |
| TEMA (21): | 123.66 | |
| Williams %R (14): | -4.17 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.06 |
| MA7: | 122.65 | |
| MA20: | 120.67 | |
| MA50: | 120.06 | |
| MA100: | 120.38 | |
| MAexp7: | 123.68 | |
| MAexp20: | 123.63 | |
| MAexp50: | 123.47 | |
| MAexp100: | 123.04 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | +2.64% | |
| Price / MA50: | +3.16% | |
| Price / MA100: | +2.88% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.65% |
Quotes :
-
Real time data
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Forex
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 Side