CAD/JPY - 1H - Technical analysis published on 08/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
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:
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:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 79.51 | 79.78 | 80.29 | 80.56 | 81.07 | 81.34 | 81.85 |
Camarilla | 80.60 | 80.67 | 80.74 | 80.81 | 80.88 | 80.95 | 81.02 |
Woodie | 79.64 | 79.84 | 80.42 | 80.62 | 81.20 | 81.40 | 81.98 |
Fibonacci | 79.78 | 80.08 | 80.26 | 80.56 | 80.86 | 81.04 | 81.34 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 79.30 | 79.60 | 79.94 | 80.24 | 80.58 | 80.88 | 81.22 |
Camarilla | 80.11 | 80.17 | 80.23 | 80.29 | 80.35 | 80.41 | 80.47 |
Woodie | 79.33 | 79.61 | 79.97 | 80.25 | 80.61 | 80.89 | 81.25 |
Fibonacci | 79.60 | 79.84 | 79.99 | 80.24 | 80.48 | 80.63 | 80.88 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 75.10 | 76.36 | 77.64 | 78.90 | 80.18 | 81.44 | 82.72 |
Camarilla | 78.23 | 78.46 | 78.70 | 78.93 | 79.16 | 79.40 | 79.63 |
Woodie | 75.12 | 76.37 | 77.66 | 78.91 | 80.20 | 81.45 | 82.74 |
Fibonacci | 76.36 | 77.33 | 77.93 | 78.90 | 79.87 | 80.47 | 81.44 |
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
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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:
- 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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