CAD/JPY - 1H - Technical analysis published on 04/20/2020 (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:
Bearish
De fond:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 76.70 JPY
My targets
76.31 JPY (-0.16)
75.87 JPY (-0.60)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CAD/JPY as long as the price remains well below 76.70 JPY. The next bearish objective for sellers is set at 76.31 JPY. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 75.87 JPY. If there is any crossing, the next objective would be the support located at 74.83 JPY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.9
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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
CAD/JPY rating 76.47 JPY. The price is lower by -0.43% since the last closing and was traded between 76.30 JPY and 76.81 JPY over the period. The price is currently at +0.22% from its lowest and -0.44% from its highest.76.30
76.81
76.47
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support 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 | 74.83 | 75.87 | 76.31 | 76.47 | 76.54 | 76.70 | 77.04 |
| Change (%) | -2.14% | -0.78% | -0.21% | - | +0.09% | +0.30% | +0.75% |
| Change | -1.64 | -0.60 | -0.16 | - | +0.07 | +0.23 | +0.57 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.85 | 76.08 | 76.44 | 76.67 | 77.03 | 77.26 | 77.62 |
| Camarilla | 76.64 | 76.69 | 76.75 | 76.80 | 76.85 | 76.91 | 76.96 |
| Woodie | 75.92 | 76.11 | 76.51 | 76.70 | 77.10 | 77.29 | 77.69 |
| Fibonacci | 76.08 | 76.31 | 76.45 | 76.67 | 76.90 | 77.04 | 77.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.91 | 74.92 | 75.86 | 76.87 | 77.81 | 78.82 | 79.76 |
| Camarilla | 76.26 | 76.44 | 76.62 | 76.80 | 76.98 | 77.16 | 77.34 |
| Woodie | 73.88 | 74.90 | 75.83 | 76.85 | 77.78 | 78.80 | 79.73 |
| Fibonacci | 74.92 | 75.67 | 76.13 | 76.87 | 77.62 | 78.08 | 78.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.30 | 69.56 | 72.96 | 77.22 | 80.62 | 84.88 | 88.28 |
| Camarilla | 74.26 | 74.97 | 75.67 | 76.37 | 77.07 | 77.77 | 78.48 |
| Woodie | 64.88 | 69.35 | 72.54 | 77.01 | 80.20 | 84.67 | 87.86 |
| Fibonacci | 69.56 | 72.48 | 74.29 | 77.22 | 80.14 | 81.95 | 84.88 |
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): | 49.30 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 4.63 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 76.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.32 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 76.29 | |
| Zig ZAG (10): | 76.55 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 51.42 | |
| TEMA (21): | 76.50 | |
| Williams %R (14): | -46.81 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.37 |
| MA7: | 76.98 | |
| MA20: | 77.00 | |
| MA50: | 78.78 | |
| MA100: | 80.96 | |
| MAexp7: | 76.54 | |
| MAexp20: | 76.57 | |
| MAexp50: | 76.59 | |
| MAexp100: | 76.70 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | -2.93% | |
| Price / MA100: | -5.55% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.30% |
News
The last news published on CAD/JPY at the time of the generation of this analysis was as follows:
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Quick Takes Video: BoC Hike Pushes CAD/JPY To Key Resistance, Now What?
-
Forex: Top FX Headlines: GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY at Crossroads: 7/11/17
-
Technical Focus: CAD/JPY - Getting Ready for the Next Big Level
-
Forex: Top FX Headlines: USD/CAD, CAD/JPY in the Spotlight Today - Watch Crude Oil Price: 2/24/17
-
Harmony Stalking an Opportunity on CAD/JPY
This member declared not having a position on this financial instrument or a related financial instrument.
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