CAD/JPY - 1H - Technical analysis published on 11/30/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 88.93 JPY
My targets
87.94 JPY (-0.50)
86.96 JPY (-1.48)
My analysis
The bearish trend is currently very strong for CAD/JPY. As long as the price remains below the resistance at 88.93 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 87.94 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 86.96 JPY as an objective. Crossing it would then enable sellers to target 85.73 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 rating is 88.44 JPY. On the day, this instrument lost -1.01% with the lowest point at 88.02 JPY and the highest point at 89.36 JPY. The deviation from the price is +0.48% for the low point and -1.03% for the high point.88.02
89.36
88.44
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/JPY in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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 | 86.96 | 87.94 | 88.40 | 88.44 | 88.93 | 89.23 | 89.45 |
| Change (%) | -1.67% | -0.57% | -0.05% | - | +0.55% | +0.89% | +1.14% |
| Change | -1.48 | -0.50 | -0.04 | - | +0.49 | +0.79 | +1.01 |
| Level | Minor | Major | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 87.96 | 88.28 | 88.81 | 89.13 | 89.66 | 89.98 | 90.51 |
| Camarilla | 89.11 | 89.18 | 89.26 | 89.34 | 89.42 | 89.50 | 89.57 |
| Woodie | 88.07 | 88.33 | 88.92 | 89.18 | 89.77 | 90.03 | 90.62 |
| Fibonacci | 88.28 | 88.61 | 88.81 | 89.13 | 89.46 | 89.66 | 89.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.71 | 86.55 | 87.58 | 89.42 | 90.45 | 92.29 | 93.32 |
| Camarilla | 87.81 | 88.07 | 88.34 | 88.60 | 88.86 | 89.13 | 89.39 |
| Woodie | 84.30 | 86.35 | 87.17 | 89.22 | 90.04 | 92.09 | 92.91 |
| Fibonacci | 86.55 | 87.65 | 88.33 | 89.42 | 90.52 | 91.20 | 92.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.64 | 84.91 | 88.48 | 90.75 | 94.32 | 96.59 | 100.16 |
| Camarilla | 90.44 | 90.98 | 91.52 | 92.05 | 92.59 | 93.12 | 93.66 |
| Woodie | 83.29 | 85.24 | 89.13 | 91.08 | 94.97 | 96.92 | 100.81 |
| Fibonacci | 84.91 | 87.14 | 88.52 | 90.75 | 92.98 | 94.36 | 96.59 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.45 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -18.90 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 88.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.82 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 88.98 | |
| Zig ZAG (10): | 88.39 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 20.77 | |
| TEMA (21): | 88.38 | |
| Williams %R (14): | -72.46 | |
| Chande Momentum Oscillator (20): | -0.94 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.51 |
| MA7: | 89.94 | |
| MA20: | 90.62 | |
| MA50: | 90.39 | |
| MA100: | 88.76 | |
| MAexp7: | 88.46 | |
| MAexp20: | 88.76 | |
| MAexp50: | 89.12 | |
| MAexp100: | 89.56 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -2.41% | |
| Price / MA50: | -2.16% | |
| Price / MA100: | -0.36% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.76% | |
| Price / MAexp100: | -1.25% |
Quotes :
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Real time data
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Forex
News
The last news published on CAD/JPY at the time of the generation of this analysis was as follows:
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Quick Takes Video: BoC Hike Pushes CAD/JPY To Key Resistance, Now What?
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Technical Focus: CAD/JPY - Getting Ready for the Next Big Level
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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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