CAD/JPY - 1H - Technical analysis published on 10/05/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 79.31 JPY
My targets
80.09 JPY (+0.58)
80.85 JPY (+1.34)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/JPY as long as the price remains well above 79.31 JPY. The buyers” bullish objective is set at 80.09 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 80.85 JPY. If there is any crossing, the next objective would be the resistance located at 81.66 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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 79.51 JPY. On the day, this instrument gained +0.47% and was between 79.12 JPY and 79.54 JPY. This implies that the price is at +0.49% from its lowest and at -0.04% from its highest.79.12
79.54
79.51
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
Technical analysis of CAD/JPY in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 78.97 | 79.10 | 79.31 | 79.51 | 79.55 | 80.85 | 81.66 |
| Change (%) | -0.68% | -0.52% | -0.25% | - | +0.05% | +1.69% | +2.70% |
| Change | -0.54 | -0.41 | -0.20 | - | +0.04 | +1.34 | +2.15 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 78.02 | 78.39 | 78.76 | 79.13 | 79.50 | 79.87 | 80.24 |
| Camarilla | 78.94 | 79.00 | 79.07 | 79.14 | 79.21 | 79.28 | 79.34 |
| Woodie | 78.03 | 78.39 | 78.77 | 79.13 | 79.51 | 79.87 | 80.25 |
| Fibonacci | 78.39 | 78.67 | 78.84 | 79.13 | 79.41 | 79.58 | 79.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.62 | 78.09 | 78.62 | 79.09 | 79.62 | 80.09 | 80.62 |
| Camarilla | 78.87 | 78.96 | 79.05 | 79.14 | 79.23 | 79.32 | 79.42 |
| Woodie | 77.64 | 78.11 | 78.64 | 79.11 | 79.64 | 80.11 | 80.64 |
| Fibonacci | 78.09 | 78.48 | 78.71 | 79.09 | 79.48 | 79.71 | 80.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.81 | 76.59 | 77.91 | 79.69 | 81.01 | 82.79 | 84.11 |
| Camarilla | 78.38 | 78.66 | 78.95 | 79.23 | 79.51 | 79.80 | 80.08 |
| Woodie | 74.58 | 76.48 | 77.68 | 79.58 | 80.78 | 82.68 | 83.88 |
| Fibonacci | 76.59 | 77.77 | 78.51 | 79.69 | 80.87 | 81.61 | 82.79 |
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): | 64.81 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 10.85 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 79.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.27 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 79.23 | |
| Zig ZAG (10): | 79.52 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 96.18 | |
| TEMA (21): | 79.53 | |
| Williams %R (14): | -4.65 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.95 |
| MA7: | 79.15 | |
| MA20: | 79.49 | |
| MA50: | 79.86 | |
| MA100: | 79.43 | |
| MAexp7: | 79.47 | |
| MAexp20: | 79.35 | |
| MAexp50: | 79.27 | |
| MAexp100: | 79.18 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | -0.44% | |
| Price / MA100: | +0.10% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.42% |
Quotes :
2020-10-05 06:21:40
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Real time data
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Forex
News
The latest news and videos published on CAD/JPY at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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