CAD/JPY - 1H - Technical analysis published on 10/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 91.89 JPY
My targets
92.30 JPY (+0.25)
92.52 JPY (+0.47)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 91.89 JPY. The buyers' bullish objective is set at 92.30 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 92.52 JPY. If there is any crossing, the next objective would be the resistance located at 92.71 JPY. If there is a bearish break in the support located at 91.89 JPY some indecision would arise.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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Additional analysis
Quotes
The CAD/JPY price is 92.05 JPY. On the day, this instrument lost -0.11% and was traded between 91.25 JPY and 92.48 JPY over the period. The price is currently at +0.88% from its lowest and -0.46% from its highest.91.25
92.48
92.05
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/JPY chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : MA50 & MA100
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. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 91.09 | 91.65 | 91.89 | 92.05 | 92.07 | 92.30 | 92.52 |
| Change (%) | -1.04% | -0.43% | -0.17% | - | +0.02% | +0.27% | +0.51% |
| Change | -0.96 | -0.40 | -0.16 | - | +0.02 | +0.25 | +0.47 |
| Level | Major | Minor | Minor | - | Major | Minor | Intermediate |
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 | 91.16 | 91.50 | 91.83 | 92.17 | 92.50 | 92.84 | 93.17 |
| Camarilla | 91.97 | 92.03 | 92.09 | 92.15 | 92.21 | 92.27 | 92.33 |
| Woodie | 91.15 | 91.50 | 91.82 | 92.17 | 92.49 | 92.84 | 93.16 |
| Fibonacci | 91.50 | 91.76 | 91.92 | 92.17 | 92.43 | 92.59 | 92.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.89 | 90.77 | 91.26 | 92.14 | 92.63 | 93.51 | 94.00 |
| Camarilla | 91.37 | 91.50 | 91.62 | 91.75 | 91.88 | 92.00 | 92.13 |
| Woodie | 89.70 | 90.67 | 91.07 | 92.04 | 92.44 | 93.41 | 93.81 |
| Fibonacci | 90.77 | 91.29 | 91.62 | 92.14 | 92.66 | 92.99 | 93.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.32 | 83.61 | 85.74 | 87.03 | 89.16 | 90.45 | 92.58 |
| Camarilla | 86.93 | 87.24 | 87.56 | 87.87 | 88.18 | 88.50 | 88.81 |
| Woodie | 82.74 | 83.82 | 86.16 | 87.24 | 89.58 | 90.66 | 93.00 |
| Fibonacci | 83.61 | 84.92 | 85.72 | 87.03 | 88.34 | 89.14 | 90.45 |
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): | 53.46 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 3.27 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 92.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.43 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 91.56 | |
| Zig ZAG (10): | 92.08 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 92.08 | |
| Williams %R (14): | -34.15 | |
| Chande Momentum Oscillator (20): | 0.53 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.80 |
| MA7: | 92.20 | |
| MA20: | 90.75 | |
| MA50: | 88.41 | |
| MA100: | 88.43 | |
| MAexp7: | 92.07 | |
| MAexp20: | 92.01 | |
| MAexp50: | 92.01 | |
| MAexp100: | 92.06 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +1.43% | |
| Price / MA50: | +4.12% | |
| Price / MA100: | +4.09% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.01% |
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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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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