CAD/JPY - 1H - Technical analysis published on 06/01/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 78.53 JPY
My targets
79.57 JPY (+0.41)
80.11 JPY (+0.95)
My analysis
The bullish trend is currently very strong on CAD/JPY. As long as the price remains above the support at 78.53 JPY, you could try to benefit from the boom. The first bullish objective is located at 79.57 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 80.11 JPY as an objective. Crossing it would then enable buyers to target 80.85 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/JPY rating 79.16 JPY. The price registered an increase of +1.15% on the session and was between 78.04 JPY and 79.20 JPY. This implies that the price is at +1.44% from its lowest and at -0.05% from its highest.78.04
79.20
79.16
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/JPY:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/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 market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 78.17 | 78.53 | 79.12 | 79.16 | 80.11 | 80.85 | 83.48 |
| Change (%) | -1.25% | -0.80% | -0.05% | - | +1.20% | +2.13% | +5.46% |
| Change | -0.99 | -0.63 | -0.04 | - | +0.95 | +1.69 | +4.32 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.26 | 77.51 | 77.89 | 78.14 | 78.52 | 78.77 | 79.15 |
| Camarilla | 78.09 | 78.15 | 78.20 | 78.26 | 78.32 | 78.38 | 78.43 |
| Woodie | 77.32 | 77.54 | 77.95 | 78.17 | 78.58 | 78.80 | 79.21 |
| Fibonacci | 77.51 | 77.75 | 77.90 | 78.14 | 78.38 | 78.53 | 78.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.52 | 76.17 | 77.22 | 77.87 | 78.92 | 79.57 | 80.62 |
| Camarilla | 77.79 | 77.95 | 78.10 | 78.26 | 78.42 | 78.57 | 78.73 |
| Woodie | 75.71 | 76.27 | 77.41 | 77.97 | 79.11 | 79.67 | 80.81 |
| Fibonacci | 76.17 | 76.82 | 77.22 | 77.87 | 78.52 | 78.92 | 79.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.10 | 73.44 | 75.85 | 77.19 | 79.60 | 80.94 | 83.35 |
| Camarilla | 77.23 | 77.57 | 77.92 | 78.26 | 78.60 | 78.95 | 79.29 |
| Woodie | 72.64 | 73.71 | 76.39 | 77.46 | 80.14 | 81.21 | 83.89 |
| Fibonacci | 73.44 | 74.87 | 75.76 | 77.19 | 78.62 | 79.51 | 80.94 |
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): | 73.33 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 21.29 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 78.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.54 | |
| Elder Ray (13): | 0.39 | |
| Super Trend (3,10): | 78.57 | |
| Zig ZAG (10): | 79.16 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 94.40 | |
| TEMA (21): | 79.02 | |
| Williams %R (14): | -4.12 | |
| Chande Momentum Oscillator (20): | 0.76 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.05 |
| MA7: | 77.98 | |
| MA20: | 76.97 | |
| MA50: | 76.84 | |
| MA100: | 79.04 | |
| MAexp7: | 78.83 | |
| MAexp20: | 78.62 | |
| MAexp50: | 78.38 | |
| MAexp100: | 78.14 | |
| Price / MA7: | +1.51% | |
| Price / MA20: | +2.85% | |
| Price / MA50: | +3.02% | |
| Price / MA100: | +0.15% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +1.00% | |
| Price / MAexp100: | +1.31% |
Quotes :
2020-06-01 17:11:14
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Real time data
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Forex
News
Don"t forget to follow the news on CAD/JPY. At the time of publication of this analysis, the latest news was as follows:
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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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