CAD/JPY - 1H - Technical analysis published on 09/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 80.58 JPY
My targets
80.00 JPY (-0.26)
79.34 JPY (-0.92)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 80.58 JPY remains possible. It is advisable to trade CAD/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 80.58 JPY. The next bearish objective for sellers is set at 80.00 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 79.34 JPY. In case of crossing, the next objective would be the support located at 78.04 JPY. PS: if there is a bullish break in the resistance located at 80.58 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.7
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This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/JPY rating 80.26 JPY. On the day, this instrument gained +0.28% and was between 79.81 JPY and 80.30 JPY. This implies that the price is at +0.56% from its lowest and at -0.05% from its highest.79.81
80.30
80.26
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 bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. 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 : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle 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 | 74.85 | 78.04 | 79.34 | 80.26 | 80.30 | 80.58 | 80.85 |
| Change (%) | -6.74% | -2.77% | -1.15% | - | +0.05% | +0.40% | +0.74% |
| Change | -5.41 | -2.22 | -0.92 | - | +0.04 | +0.32 | +0.59 |
| Level | Major | Intermediate | Major | - | Minor | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 78.17 | 79.00 | 79.52 | 80.35 | 80.87 | 81.70 | 82.22 |
| Camarilla | 79.67 | 79.79 | 79.92 | 80.04 | 80.16 | 80.29 | 80.41 |
| Woodie | 78.02 | 78.92 | 79.37 | 80.27 | 80.72 | 81.62 | 82.07 |
| Fibonacci | 79.00 | 79.52 | 79.83 | 80.35 | 80.87 | 81.18 | 81.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.59 | 80.00 | 80.66 | 81.07 | 81.73 | 82.14 | 82.80 |
| Camarilla | 81.04 | 81.13 | 81.23 | 81.33 | 81.43 | 81.53 | 81.62 |
| Woodie | 79.73 | 80.06 | 80.80 | 81.13 | 81.87 | 82.20 | 82.94 |
| Fibonacci | 80.00 | 80.41 | 80.66 | 81.07 | 81.48 | 81.73 | 82.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.54 | 77.61 | 79.45 | 80.52 | 82.36 | 83.43 | 85.27 |
| Camarilla | 80.49 | 80.76 | 81.02 | 81.29 | 81.56 | 81.82 | 82.09 |
| Woodie | 76.93 | 77.80 | 79.84 | 80.71 | 82.75 | 83.62 | 85.66 |
| Fibonacci | 77.61 | 78.72 | 79.41 | 80.52 | 81.63 | 82.32 | 83.43 |
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): | 48.88 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -12.18 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 79.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.83 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 80.32 | |
| Zig ZAG (10): | 80.30 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 83.02 | |
| TEMA (21): | 80.00 | |
| Williams %R (14): | -2.04 | |
| Chande Momentum Oscillator (20): | 0.26 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.23 |
| MA7: | 80.87 | |
| MA20: | 80.64 | |
| MA50: | 79.77 | |
| MA100: | 78.86 | |
| MAexp7: | 80.12 | |
| MAexp20: | 80.20 | |
| MAexp50: | 80.51 | |
| MAexp100: | 80.74 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +1.78% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.59% |
Quotes :
2020-09-09 10:23:31
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Real time data
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Forex
News
The last news published on CAD/JPY at the time of the generation of this analysis was as follows:
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Technical Focus: CAD/JPY - Getting Ready for the Next Big Level
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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.
About author
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