CHFJPY goin up

14 paź

10:19:24 AM (AI news analysis)

Flexity Analysis for CHFJPY


Forecast Overall(Short-Term, Long-Term): ST=Strong Up LT=Strong Up

Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Up LT=Up

[Method1] ST=Up LT=Up

[Method2] ST=Up LT=Up



FlexityIndicator Analysis Method(0)

Market Analysis Conclusions
Short-term Forecast (Next 24 hours)
Expected Price Movement Go Up
Forecasted Price ¥171.90
Current Rate ¥171.75
Sentiment Bullish
Long-term Forecast (Next 7 days and beyond)
Expected Price Movement Go Up
Forecasted Price (7 days) ¥174.86
Technical Indicators

Retesting of a broken key level
Position of the Simple Moving Averages

Sentiment Bullish
Overall Analysis

The analysis suggests that the CHF/JPY pair is likely to experience an upward movement in both the short-term and long-term, driven by a bullish sentiment and supported by technical indicators.

Result: [Method0] ST=Up LT=Up


FlexityIndicator Analysis Method(1)

CHF/JPY Exchange Rate Analysis
Short-term Analysis (next 24 hours to 1 week)
Forecast Predicted Movement Technical Analysis SMA Indicator
0.07% increase in 24 hours, potential increase to ¥175.02 in 1 week UP 24 technical analysis indicators signaling bullish signals Current rate above 50-day SMA, indicating potential short-term upward movement
Long-term Analysis (beyond 1 week)
Forecast Predicted Movement SMA Indicator Overall Sentiment
1.6% increase for October 2024, average rate of ¥184 UP (with caution) Current rate below 200-day SMA, indicating potential long-term downward pressure Overall bullish sentiment in the market, supporting long-term upward trend
Conclusion

Please note that these analyses are based on the provided data and may not reflect real-time market conditions. It's always recommended to check current market news and analysis for the most up-to-date information.
Let me know if you'd like me to make any changes
Result: [Method1] ST=Up LT=Up


FlexityIndicator Analysis Method(2)

Market Analysis Conclusions
Short-term (next 24 hours to 7 days)
Price Movement Expected to go up
Technical Analysis Bullish continuation from current support level of 172.734
Forecast

¥ 171.90 in the next 24 hours
¥ 175.02 in the next 7 days

Long-term (beyond 7 days)
Price Movement Expected to go up
Overall Sentiment Bullish, with 24 technical analysis indicators signaling bullish signals in the last 30 days
200-day SMA Forecast Expected to rise to ¥ 172.91 by November 3, 2024
50-day SMA Current rate is above the 50-day SMA, which is expected to rise, further supporting the bullish outlook
Risk Assessment

There is no indication that the price is expected to stay the same or go down in either the short-term or long-term analysis. However, if the key support level of 168.676 is breached, there is a potential downside risk.

Result: [Method2] ST=Up LT=Up