CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
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Type: Forex
Ticker: CADJPY
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CAD/JPY - 1H - Technical analysis published on 09/17/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 79.51 JPY
My targets
78.99 JPY (-0.38)
78.04 JPY (-1.33)
My analysis
The bearish basic trend is very strong on CAD/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 79.51 JPY. Crossing the first support at 78.99 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 78.04 JPY as an objective. Crossing it would then enable sellers to target 76.90 JPY. Caution, a return to above the resistance located at 79.51 JPY would be a sign of a possible consolidation phase of 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/JPY price is 79.37 JPY. The price registered a decrease of -0.41% on the session and was between 79.06 JPY and 79.71 JPY. This implies that the price is at +0.39% from its lowest and at -0.43% from its highest.

79.06
79.71
79.37

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CAD/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

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. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 76.90 78.04 79.34 79.37 79.51 80.12 80.45
Change (%) -3.11% -1.68% -0.04% - +0.18% +0.94% +1.36%
Change -2.47 -1.33 -0.03 - +0.14 +0.75 +1.08
Level Minor Intermediate Major - Intermediate Intermediate Minor



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
Standard78.9879.2579.4779.7479.9680.2380.45
Camarilla79.5779.6179.6679.7079.7579.7979.84
Woodie78.9779.2479.4679.7379.9580.2280.44
Fibonacci79.2579.4379.5579.7479.9280.0480.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard78.1678.9979.7780.6081.3882.2182.99
Camarilla80.1280.2780.4180.5680.7180.8681.00
Woodie78.1578.9879.7680.5981.3782.2082.98
Fibonacci78.9979.6079.9880.6081.2181.5982.21


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard76.5477.6179.4580.5282.3683.4385.27
Camarilla80.4980.7681.0281.2981.5681.8282.09
Woodie76.9377.8079.8480.7182.7583.6285.66
Fibonacci77.6178.7279.4180.5281.6382.3283.43

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): 44.92
MACD (12,26,9): -0.1100
Directional Movement: -5.96
AROON (14): 14.28
DEMA (21): 79.23
Parabolic SAR (0,02-0,02-0,2): 79.08
Elder Ray (13): 0.03
Super Trend (3,10): 79.58
Zig ZAG (10): 79.38
VORTEX (21): 0.9000
Stochastique (14,3,5): 73.59
TEMA (21): 79.26
Williams %R (14): -23.81
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): 0.1000
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.46
MA7: 80.14
MA20: 80.58
MA50: 79.88
MA100: 79.08
MAexp7: 79.32
MAexp20: 79.39
MAexp50: 79.62
MAexp100: 79.90
Price / MA7: -0.96%
Price / MA20: -1.50%
Price / MA50: -0.64%
Price / MA100: +0.37%
Price / MAexp7: +0.06%
Price / MAexp20: -0.03%
Price / MAexp50: -0.31%
Price / MAexp100: -0.66%

Quotes : 2020-09-17 17:30:31 - Real time data - Forex

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

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