CAD/JPY - 1H - Technical analysis published on 06/29/2022 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 105.85 JPY
My targets
106.21 JPY (+0.11)
107.11 JPY (+1.01)
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 105.85 JPY. The buyers' bullish objective is set at 106.21 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 107.11 JPY. If there is any crossing, the next objective would be the resistance located at 124.85 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, 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
8.8
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Additional analysis
Quotes
The CAD/JPY price is 106.10 JPY. The price registered an increase of +0.42% on the session with the lowest point at 105.44 JPY and the highest point at 106.19 JPY. The deviation from the price is +0.63% for the low point and -0.08% for the high point.105.44
106.19
106.10
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 104.57 | 105.60 | 105.85 | 106.10 | 106.21 | 124.85 |
| Change (%) | -1.44% | -0.47% | -0.24% | - | +0.10% | +17.67% |
| Change | -1.53 | -0.50 | -0.25 | - | +0.11 | +18.75 |
| Level | Minor | Minor | Minor | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.70 | 104.33 | 104.99 | 105.62 | 106.28 | 106.91 | 107.57 |
| Camarilla | 105.31 | 105.42 | 105.54 | 105.66 | 105.78 | 105.90 | 106.02 |
| Woodie | 103.73 | 104.34 | 105.02 | 105.63 | 106.31 | 106.92 | 107.60 |
| Fibonacci | 104.33 | 104.82 | 105.12 | 105.62 | 106.11 | 106.41 | 106.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.24 | 102.35 | 103.62 | 104.73 | 106.00 | 107.11 | 108.38 |
| Camarilla | 104.23 | 104.44 | 104.66 | 104.88 | 105.10 | 105.32 | 105.54 |
| Woodie | 101.31 | 102.39 | 103.69 | 104.77 | 106.07 | 107.15 | 108.45 |
| Fibonacci | 102.35 | 103.26 | 103.82 | 104.73 | 105.64 | 106.20 | 107.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.91 | 96.35 | 99.11 | 100.55 | 103.31 | 104.75 | 107.51 |
| Camarilla | 100.71 | 101.09 | 101.48 | 101.86 | 102.25 | 102.63 | 103.02 |
| Woodie | 95.56 | 96.68 | 99.76 | 100.88 | 103.96 | 105.08 | 108.16 |
| Fibonacci | 96.35 | 97.96 | 98.95 | 100.55 | 102.16 | 103.15 | 104.75 |
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): | 64.59 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 13.05 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 105.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.48 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 105.47 | |
| Zig ZAG (10): | 106.15 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 94.24 | |
| TEMA (21): | 105.89 | |
| Williams %R (14): | -1.33 | |
| Chande Momentum Oscillator (20): | 0.52 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.16 |
| MA7: | 105.14 | |
| MA20: | 104.74 | |
| MA50: | 102.19 | |
| MA100: | 98.41 | |
| MAexp7: | 105.90 | |
| MAexp20: | 105.78 | |
| MAexp50: | 105.52 | |
| MAexp100: | 105.18 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | +3.83% | |
| Price / MA100: | +7.81% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +0.87% |
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:
-
USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
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S&P 500 Breaks Resistance and Immediately Stalls as CADJPY Explodes Higher
-
Quick Takes Video: BoC Hike Pushes CAD/JPY To Key Resistance, Now What?
-
Forex: Top FX Headlines: GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY at Crossroads: 7/11/17
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Technical Focus: CAD/JPY - Getting Ready for the Next Big Level
This member declared not having a position on this financial instrument or a related financial instrument.
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