CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 08/26/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 80.49 JPY
My targets
80.85 JPY (+0.14)
80.96 JPY (+0.25)
My analysis
The basic bullish trend is very strong on CAD/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 80.49 JPY. Crossing the first resistance at 80.85 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 80.96 JPY as an objective. Crossing it would then enable buyers to target 81.66 JPY. Caution, a return to below 80.49 JPY would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5

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

Additional analysis

Quotes

The CAD/JPY price is 80.71 JPY. On the day, this instrument lost -0.12% and was between 80.67 JPY and 80.95 JPY. This implies that the price is at +0.05% from its lowest and at -0.30% from its highest.

80.67
80.95
80.71

Here is a more detailed summary of the historical variations registered by CAD/JPY:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/JPY chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 79.89 80.28 80.49 80.71 80.75 80.85 80.96
Change (%) -1.02% -0.53% -0.27% - +0.05% +0.17% +0.31%
Change -0.82 -0.43 -0.22 - +0.04 +0.14 +0.25
Level Major Minor Minor - Minor Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard79.5179.7880.2980.5681.0781.3481.85
Camarilla80.6080.6780.7480.8180.8880.9581.02
Woodie79.6479.8480.4280.6281.2081.4081.98
Fibonacci79.7880.0880.2680.5680.8681.0481.34


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 55.85
MACD (12,26,9): 0.1000
Directional Movement: 8.87
AROON (14): 57.14
DEMA (21): 80.82
Parabolic SAR (0,02-0,02-0,2): 80.92
Elder Ray (13): -0.03
Super Trend (3,10): 80.57
Zig ZAG (10): 80.69
VORTEX (21): 1.1300
Stochastique (14,3,5): 32.68
TEMA (21): 80.83
Williams %R (14): -72.22
Chande Momentum Oscillator (20): 0.04
Repulse (5,40,3): -0.1100
ROCnROLL: -1
TRIX (15,9): 0.0200
Courbe Coppock: 0.29
MA7: 80.35
MA20: 79.88
MA50: 79.35
MA100: 78.45
MAexp7: 80.75
MAexp20: 80.68
MAexp50: 80.51
MAexp100: 80.40
Price / MA7: +0.45%
Price / MA20: +1.04%
Price / MA50: +1.71%
Price / MA100: +2.88%
Price / MAexp7: -0.05%
Price / MAexp20: +0.04%
Price / MAexp50: +0.25%
Price / MAexp100: +0.39%

Quotes : 2020-08-26 06:44:03 - Real time data - Forex

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

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