CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
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CAD/JPY - Daily - Technical analysis published on 10/06/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 78.81 JPY
My targets
80.85 JPY (+1.19)
81.66 JPY (+2.00)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/JPY as long as the price remains well above 78.81 JPY. The buyers” bullish objective is set at 80.85 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 81.66 JPY. If there is any crossing, the next objective would be the resistance located at 83.07 JPY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
5.5

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 Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CAD/JPY price is 79.66 JPY. On the day, this instrument lost -0.09% and was traded between 79.64 JPY and 79.79 JPY over the period. The price is currently at +0.03% from its lowest and -0.16% from its highest.

79.64
79.79
79.66

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of CAD/JPY in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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


S3S2S1PriceR1R2R3
ProTrendLines 78.02 78.81 79.55 79.66 80.85 81.66 83.07
Change (%) -2.06% -1.07% -0.14% - +1.49% +2.51% +4.28%
Change -1.64 -0.85 -0.11 - +1.19 +2.00 +3.41
Level Intermediate Major Intermediate - Intermediate Major Minor



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
Standard78.6178.8679.3079.5579.9980.2480.68
Camarilla79.5479.6079.6779.7379.7979.8679.92
Woodie78.7078.9179.3979.6080.0880.2980.77
Fibonacci78.8679.1379.2979.5579.8279.9880.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard77.6278.0978.6279.0979.6280.0980.62
Camarilla78.8778.9679.0579.1479.2379.3279.42
Woodie77.6478.1178.6479.1179.6480.1180.64
Fibonacci78.0978.4878.7179.0979.4879.7180.09


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard74.8176.5977.9179.6981.0182.7984.11
Camarilla78.3878.6678.9579.2379.5179.8080.08
Woodie74.5876.4877.6879.5880.7882.6883.88
Fibonacci76.5977.7778.5179.6980.8781.6182.79

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.00
MACD (12,26,9): -0.2000
Directional Movement: -7.73
AROON (14): -28.57
DEMA (21): 79.24
Parabolic SAR (0,02-0,02-0,2): 78.56
Elder Ray (13): 0.32
Super Trend (3,10): 80.55
Zig ZAG (10): 79.68
VORTEX (21): 0.8900
Stochastique (14,3,5): 70.24
TEMA (21): 79.07
Williams %R (14): -9.03
Chande Momentum Oscillator (20): 0.48
Repulse (5,40,3): 0.6700
ROCnROLL: 1
TRIX (15,9): -0.0500
Courbe Coppock: 1.58
MA7: 79.30
MA20: 79.49
MA50: 79.89
MA100: 79.46
MAexp7: 79.40
MAexp20: 79.51
MAexp50: 79.64
MAexp100: 79.50
Price / MA7: +0.45%
Price / MA20: +0.21%
Price / MA50: -0.29%
Price / MA100: +0.25%
Price / MAexp7: +0.33%
Price / MAexp20: +0.19%
Price / MAexp50: +0.03%
Price / MAexp100: +0.20%

Quotes : 2020-10-06 05:11:11 - Real time data - Forex

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

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