CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 08/24/2020 (GMT)

  • Who voted?
  • 111
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 80.28 JPY
My targets
80.53 JPY (+0.15)
80.85 JPY (+0.47)
My analysis
CAD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 80.28 JPY. The next resistance located at 80.53 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 80.85 JPY. After this resistance, buyers could then target 80.99 JPY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/JPY rating 80.38 JPY. The price has increased by +0.11% since the last closing with the lowest point at 80.19 JPY and the highest point at 80.49 JPY. The deviation from the price is +0.24% for the low point and -0.14% for the high point.

80.19
80.49
80.38

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


A technical analysis in 1H of this CAD/JPY chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Momentum indicator is back under 0

Type : Bearish

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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 80.18 80.28 80.37 80.38 80.53 80.85 80.99
Change (%) -0.25% -0.12% -0.01% - +0.19% +0.58% +0.76%
Change -0.20 -0.10 -0.01 - +0.15 +0.47 +0.61
Level Minor Intermediate Intermediate - Minor Major Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard79.5979.7480.0280.1780.4580.6080.88
Camarilla80.1780.2180.2580.2980.3380.3780.41
Woodie79.6579.7780.0880.2080.5180.6380.94
Fibonacci79.7479.9180.0180.1780.3480.4480.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard79.3079.6079.9480.2480.5880.8881.22
Camarilla80.1180.1780.2380.2980.3580.4180.47
Woodie79.3379.6179.9780.2580.6180.8981.25
Fibonacci79.6079.8479.9980.2480.4880.6380.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard75.1076.3677.6478.9080.1881.4482.72
Camarilla78.2378.4678.7078.9379.1679.4079.63
Woodie75.1276.3777.6678.9180.2081.4582.74
Fibonacci76.3677.3377.9378.9079.8780.4781.44

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 52.74
MACD (12,26,9): 0.0500
Directional Movement: 2.20
AROON (14): 42.86
DEMA (21): 80.38
Parabolic SAR (0,02-0,02-0,2): 80.26
Elder Ray (13): 0.02
Super Trend (3,10): 80.15
Zig ZAG (10): 80.33
VORTEX (21): 1.0700
Stochastique (14,3,5): 52.22
TEMA (21): 80.41
Williams %R (14): -43.33
Chande Momentum Oscillator (20): 0.03
Repulse (5,40,3): 0.0000
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.31
MA7: 80.24
MA20: 79.67
MA50: 79.28
MA100: 78.39
MAexp7: 80.37
MAexp20: 80.32
MAexp50: 80.26
MAexp100: 80.24
Price / MA7: +0.17%
Price / MA20: +0.89%
Price / MA50: +1.39%
Price / MA100: +2.54%
Price / MAexp7: +0.01%
Price / MAexp20: +0.07%
Price / MAexp50: +0.15%
Price / MAexp100: +0.17%

Quotes : 2020-08-24 11:14:55 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis CAD/JPY - 1H