CAD/JPY - 1H - Technical analysis published on 08/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 105.07 JPY
My targets
106.21 JPY (+0.53)
107.57 JPY (+1.89)
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 105.07 JPY. The next resistance located at 106.21 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 107.57 JPY. After this resistance, buyers could then target 124.85 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 not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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Additional analysis
Quotes
The CAD/JPY price is 105.68 JPY. On the day, this instrument lost -0.02% with the lowest point at 105.48 JPY and the highest point at 105.83 JPY. The deviation from the price is +0.19% for the low point and -0.14% for the high point.105.48
105.83
105.68
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 CAD/JPY in 1H shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
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 | 102.90 | 104.42 | 105.07 | 105.68 | 105.78 | 106.21 | 124.85 |
| Change (%) | -2.63% | -1.19% | -0.58% | - | +0.09% | +0.50% | +18.14% |
| Change | -2.78 | -1.26 | -0.61 | - | +0.10 | +0.53 | +19.17 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.52 | 104.80 | 105.25 | 105.53 | 105.98 | 106.26 | 106.71 |
| Camarilla | 105.50 | 105.57 | 105.63 | 105.70 | 105.77 | 105.83 | 105.90 |
| Woodie | 104.61 | 104.84 | 105.34 | 105.57 | 106.07 | 106.30 | 106.80 |
| Fibonacci | 104.80 | 105.08 | 105.25 | 105.53 | 105.81 | 105.98 | 106.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.44 | 101.51 | 103.47 | 104.54 | 106.50 | 107.57 | 109.53 |
| Camarilla | 104.59 | 104.87 | 105.14 | 105.42 | 105.70 | 105.98 | 106.25 |
| Woodie | 100.88 | 101.73 | 103.91 | 104.76 | 106.94 | 107.79 | 109.97 |
| Fibonacci | 101.51 | 102.67 | 103.39 | 104.54 | 105.70 | 106.42 | 107.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.15 | 100.76 | 102.44 | 105.05 | 106.73 | 109.34 | 111.02 |
| Camarilla | 102.95 | 103.34 | 103.74 | 104.13 | 104.52 | 104.92 | 105.31 |
| Woodie | 97.70 | 100.53 | 101.99 | 104.82 | 106.28 | 109.11 | 110.57 |
| Fibonacci | 100.76 | 102.40 | 103.41 | 105.05 | 106.69 | 107.70 | 109.34 |
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): | 52.97 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 7.24 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 105.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.55 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 105.28 | |
| Zig ZAG (10): | 105.66 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 71.43 | |
| TEMA (21): | 105.75 | |
| Williams %R (14): | -48.57 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.13 |
| MA7: | 105.30 | |
| MA20: | 104.44 | |
| MA50: | 105.04 | |
| MA100: | 103.21 | |
| MAexp7: | 105.70 | |
| MAexp20: | 105.63 | |
| MAexp50: | 105.52 | |
| MAexp100: | 105.36 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +1.19% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +2.39% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.31% |
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
-
S&P 500 Breaks Resistance and Immediately Stalls as CADJPY Explodes Higher
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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.
About author
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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…
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