CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
ISIN:

CAD/JPY - 15 min. - Technical analysis published on 12/03/2021 (GMT)

  • 84
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : INVALID

Are you looking for opportunities in indices and forex?
Discover Londinia Opportunities...

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 88.23 JPY
My targets
89.07 JPY (+0.09)
89.46 JPY (+0.48)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/JPY as long as the price remains well above 88.23 JPY. The buyers' bullish objective is set at 89.07 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 89.46 JPY. If there is any crossing, the next objective would be the resistance located at 90.20 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.9

This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly
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.

Additional analysis

Quotes

The CAD/JPY rating is 88.98 JPY. On the day, this instrument gained +0.92% and was traded between 88.02 JPY and 89.13 JPY over the period. The price is currently at +1.09% from its lowest and -0.17% from its highest.

88.02
89.13
88.98

Here is a more detailed summary of the historical variations registered by CAD/JPY:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 15 min. chart of CAD/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes


Resistance of triangle is broken

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 87.94 88.41 88.93 88.98 89.45 90.20 90.64
Change (%) -1.17% -0.64% -0.06% - +0.53% +1.37% +1.87%
Change -1.04 -0.57 -0.05 - +0.47 +1.22 +1.66
Level Major Major Intermediate - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard86.9487.3987.7888.2388.6289.0789.46
Camarilla87.9488.0288.0988.1788.2588.3288.40
Woodie86.9187.3887.7588.2288.5989.0689.43
Fibonacci87.3987.7187.9188.2388.5588.7589.07


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard84.7186.5587.5889.4290.4592.2993.32
Camarilla87.8188.0788.3488.6088.8689.1389.39
Woodie84.3086.3587.1789.2290.0492.0992.91
Fibonacci86.5587.6588.3389.4290.5291.2092.29


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard82.5185.2686.9889.7391.4594.2095.92
Camarilla87.4687.8788.2888.6989.1089.5189.92
Woodie81.9985.0086.4689.4790.9393.9495.40
Fibonacci85.2686.9788.0389.7391.4492.5094.20

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): 80.10
MACD (12,26,9): 0.1000
Directional Movement: 26.25
AROON (14): 100.00
DEMA (21): 88.56
Parabolic SAR (0,02-0,02-0,2): 88.16
Elder Ray (13): 0.37
Super Trend (3,10): 88.47
Zig ZAG (10): 88.89
VORTEX (21): 1.2200
Stochastique (14,3,5): 92.06
TEMA (21): 88.66
Williams %R (14): -5.06
Chande Momentum Oscillator (20): 0.68
Repulse (5,40,3): 0.5100
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.75
MA7: 88.96
MA20: 90.17
MA50: 90.49
MA100: 88.79
MAexp7: 88.65
MAexp20: 88.47
MAexp50: 88.39
MAexp100: 88.35
Price / MA7: +0.02%
Price / MA20: -1.32%
Price / MA50: -1.67%
Price / MA100: +0.21%
Price / MAexp7: +0.37%
Price / MAexp20: +0.58%
Price / MAexp50: +0.67%
Price / MAexp100: +0.71%

Quotes : - Real time data - Forex

News


The last news published on CAD/JPY at the time of the generation of this analysis was as follows:

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

About author

Online

Overall rating :
13916
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis CAD/JPY - 15 min.