JPYCHF in downward trend: price may drop because broke its higher Bollinger Band on January 02, 2025
JPYCHF broke above its upper Bollinger Band on January 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 47 similar instances where the stock broke above the upper band. In of the 47 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 94 cases where JPYCHF's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on January 06, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on JPYCHF as a result. In of 139 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for JPYCHF turned negative on January 06, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 93 similar instances when the indicator turned negative. In of the 93 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for JPYCHF entered a downward trend on January 01, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where JPYCHF's RSI Indicator exited the oversold zone, of 48 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
JPYCHF and Forex
Correlation & Price change
A.I.dvisor tells us that JPYCHF and CHFJPY have been negatively correlated (-99% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that JPYCHF and CHFJPY's prices could move in opposite directions.
| Ticker / NAME | Correlation To JPYCHF | 1D Price Change % | ||
|---|---|---|---|---|
| JPYCHF | 100% | N/A | ||
| CHFJPY - JPYCHF | -99% Negatively correlated | N/A |