Londinia Opportunities Analyses - 01/20/2022 (GMT) CHF/JPY - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 124.85 JPY
My targets
124.52 JPY (-0.18)
124.33 JPY (-0.37)
My analysis
CHF/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 124.85 JPY. The next support located at 124.52 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 124.33 JPY. Below this support, sellers could then target 124.16 JPY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The CHF/JPY price is 124.70 JPY. On the day, this instrument lost -0.14% with the lowest point at 124.61 JPY and the highest point at 125.17 JPY. The deviation from the price is +0.07% for the low point and -0.38% for the high point.124.61
125.17
124.70
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/JPY indicates that the overall trend is strongly bearish. 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.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 124.16 | 124.33 | 124.52 | 124.70 | 124.71 | 124.85 | 125.16 |
| Change (%) | -0.43% | -0.30% | -0.14% | - | +0.01% | +0.12% | +0.37% |
| Change | -0.54 | -0.37 | -0.18 | - | +0.01 | +0.15 | +0.46 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Intermediate |
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 | 124.21 | 124.45 | 124.67 | 124.91 | 125.13 | 125.37 | 125.59 |
| Camarilla | 124.75 | 124.80 | 124.84 | 124.88 | 124.92 | 124.96 | 125.01 |
| Woodie | 124.19 | 124.45 | 124.65 | 124.91 | 125.11 | 125.37 | 125.57 |
| Fibonacci | 124.45 | 124.63 | 124.74 | 124.91 | 125.09 | 125.20 | 125.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.34 | 123.25 | 124.10 | 125.01 | 125.86 | 126.77 | 127.62 |
| Camarilla | 124.47 | 124.63 | 124.79 | 124.95 | 125.11 | 125.27 | 125.43 |
| Woodie | 122.31 | 123.24 | 124.07 | 125.00 | 125.83 | 126.76 | 127.59 |
| Fibonacci | 123.25 | 123.92 | 124.34 | 125.01 | 125.68 | 126.10 | 126.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.45 | 120.92 | 123.55 | 125.02 | 127.65 | 129.12 | 131.75 |
| Camarilla | 125.06 | 125.44 | 125.81 | 126.19 | 126.57 | 126.94 | 127.32 |
| Woodie | 120.04 | 121.21 | 124.14 | 125.31 | 128.24 | 129.41 | 132.34 |
| Fibonacci | 120.92 | 122.48 | 123.45 | 125.02 | 126.58 | 127.55 | 129.12 |
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): | 39.04 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -10.38 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 124.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 125.11 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 125.10 | |
| Zig ZAG (10): | 124.73 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 14.63 | |
| TEMA (21): | 124.77 | |
| Williams %R (14): | -80.36 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.15 |
| MA7: | 125.07 | |
| MA20: | 125.39 | |
| MA50: | 124.10 | |
| MA100: | 122.86 | |
| MAexp7: | 124.77 | |
| MAexp20: | 124.85 | |
| MAexp50: | 124.93 | |
| MAexp100: | 125.03 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -0.55% | |
| Price / MA50: | +0.48% | |
| Price / MA100: | +1.50% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.26% |
Quotes :
-
Real time data
-
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