CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: CADJPY
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CAD/JPY - 1H - Technical analysis published on 02/02/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 81.70 JPY
My targets
82.08 JPY (+0.15)
82.19 JPY (+0.26)
My analysis
CAD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 81.70 JPY. The next resistance located at 82.08 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 82.19 JPY. After this resistance, buyers could then target 84.51 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7

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

Additional analysis

Quotes

The CAD/JPY rating is 81.93 JPY. On the day, this instrument gained +0.37% with the lowest point at 81.57 JPY and the highest point at 82.07 JPY. The deviation from the price is +0.44% for the low point and -0.17% for the high point.

81.57
82.07
81.93

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

Technical


Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative 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:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support 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


S3S2S1PriceR1R2R3
ProTrendLines 81.49 81.70 81.87 81.93 82.08 82.19 84.51
Change (%) -0.54% -0.28% -0.07% - +0.18% +0.32% +3.15%
Change -0.44 -0.23 -0.06 - +0.15 +0.26 +2.58
Level Major Intermediate Minor - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard80.9981.2881.4681.7581.9382.2282.40
Camarilla81.5081.5481.5981.6381.6781.7281.76
Woodie80.9381.2581.4081.7281.8782.1982.34
Fibonacci81.2881.4681.5781.7581.9382.0482.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard80.0180.5081.2281.7182.4382.9283.64
Camarilla81.6281.7381.8481.9582.0682.1782.28
Woodie80.1480.5681.3581.7782.5682.9883.77
Fibonacci80.5080.9681.2481.7182.1782.4582.92


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard79.2979.9280.9481.5782.5983.2284.24
Camarilla81.5081.6581.8081.9582.1082.2582.40
Woodie79.4880.0281.1381.6782.7883.3284.43
Fibonacci79.9280.5580.9481.5782.2082.5983.22

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): 54.18
MACD (12,26,9): 0.0300
Directional Movement: -1.54
AROON (14): 57.14
DEMA (21): 81.90
Parabolic SAR (0,02-0,02-0,2): 82.06
Elder Ray (13): 0.03
Super Trend (3,10): 81.68
Zig ZAG (10): 81.93
VORTEX (21): 1.0800
Stochastique (14,3,5): 52.98
TEMA (21): 81.92
Williams %R (14): -32.43
Chande Momentum Oscillator (20): 0.16
Repulse (5,40,3): 0.1400
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.47
MA7: 81.59
MA20: 81.66
MA50: 81.16
MA100: 80.37
MAexp7: 81.90
MAexp20: 81.87
MAexp50: 81.81
MAexp100: 81.72
Price / MA7: +0.42%
Price / MA20: +0.33%
Price / MA50: +0.95%
Price / MA100: +1.94%
Price / MAexp7: +0.04%
Price / MAexp20: +0.07%
Price / MAexp50: +0.15%
Price / MAexp100: +0.26%

Quotes : 2021-02-02 16:31:38 - Real time data - Forex

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

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