CAD/JPY - 1H - Technical analysis published on 05/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 90.01 JPY
My targets
90.46 JPY (+0.17)
90.59 JPY (+0.30)
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 90.01 JPY. The next resistance located at 90.46 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 90.59 JPY. After this resistance, buyers could then target 90.74 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
7.5
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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 90.29 JPY. The price registered a decrease of -0.04% on the session with the lowest point at 90.21 JPY and the highest point at 90.35 JPY. The deviation from the price is +0.09% for the low point and -0.07% for the high point.90.21
90.35
90.29
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is strongly bullish. 92.86% 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 a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 89.91 | 90.01 | 90.29 | 90.29 | 90.46 | 90.59 | 90.74 |
| Change (%) | -0.42% | -0.31% | 0% | - | +0.19% | +0.33% | +0.50% |
| Change | -0.38 | -0.28 | 0 | - | +0.17 | +0.30 | +0.45 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.73 | 89.87 | 90.10 | 90.24 | 90.47 | 90.61 | 90.84 |
| Camarilla | 90.23 | 90.26 | 90.30 | 90.33 | 90.36 | 90.40 | 90.43 |
| Woodie | 89.78 | 89.89 | 90.15 | 90.26 | 90.52 | 90.63 | 90.89 |
| Fibonacci | 89.87 | 90.01 | 90.10 | 90.24 | 90.38 | 90.47 | 90.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.49 | 89.04 | 89.65 | 90.20 | 90.81 | 91.36 | 91.97 |
| Camarilla | 89.95 | 90.06 | 90.16 | 90.27 | 90.38 | 90.48 | 90.59 |
| Woodie | 88.53 | 89.06 | 89.69 | 90.22 | 90.85 | 91.38 | 92.01 |
| Fibonacci | 89.04 | 89.48 | 89.75 | 90.20 | 90.64 | 90.91 | 91.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.95 | 84.18 | 86.58 | 87.81 | 90.21 | 91.44 | 93.84 |
| Camarilla | 87.97 | 88.31 | 88.64 | 88.97 | 89.30 | 89.64 | 89.97 |
| Woodie | 83.53 | 84.47 | 87.16 | 88.10 | 90.79 | 91.73 | 94.42 |
| Fibonacci | 84.18 | 85.57 | 86.43 | 87.81 | 89.20 | 90.06 | 91.44 |
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): | 55.21 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 3.73 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 90.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.12 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 90.05 | |
| Zig ZAG (10): | 90.29 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 70.01 | |
| TEMA (21): | 90.29 | |
| Williams %R (14): | -31.58 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.16 |
| MA7: | 90.28 | |
| MA20: | 89.72 | |
| MA50: | 88.13 | |
| MA100: | 85.67 | |
| MAexp7: | 90.28 | |
| MAexp20: | 90.27 | |
| MAexp50: | 90.24 | |
| MAexp100: | 90.22 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | +5.39% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.08% |
Quotes :
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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:
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Quick Takes Video: BoC Hike Pushes CAD/JPY To Key Resistance, Now What?
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Forex: Top FX Headlines: USD/CAD, CAD/JPY in the Spotlight Today - Watch Crude Oil Price: 2/24/17
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Harmony Stalking an Opportunity on CAD/JPY
This member declared not having a position on this financial instrument or a related financial instrument.
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