CAD/JPY - 1H - Technical analysis published on 09/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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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
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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.
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:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 78.98 | 79.25 | 79.47 | 79.74 | 79.96 | 80.23 | 80.45 |
Camarilla | 79.57 | 79.61 | 79.66 | 79.70 | 79.75 | 79.79 | 79.84 |
Woodie | 78.97 | 79.24 | 79.46 | 79.73 | 79.95 | 80.22 | 80.44 |
Fibonacci | 79.25 | 79.43 | 79.55 | 79.74 | 79.92 | 80.04 | 80.23 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 78.16 | 78.99 | 79.77 | 80.60 | 81.38 | 82.21 | 82.99 |
Camarilla | 80.12 | 80.27 | 80.41 | 80.56 | 80.71 | 80.86 | 81.00 |
Woodie | 78.15 | 78.98 | 79.76 | 80.59 | 81.37 | 82.20 | 82.98 |
Fibonacci | 78.99 | 79.60 | 79.98 | 80.60 | 81.21 | 81.59 | 82.21 |
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 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
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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.
About author
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…
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