CAD/JPY - 1H - Technical analysis published on 08/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 79.57 JPY
My targets
80.11 JPY (+0.38%)
80.34 JPY (+0.66%)
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 79.57 JPY. The buyers” bullish objective is set at 80.11 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 80.34 JPY. If there is any crossing, the next objective would be the resistance located at 80.85 JPY. If there is a bearish break in the support located at 79.57 JPY some indecision would arise.
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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 price is 79.81 JPY. The price has increased by +0.19% since the last closing and was between 79.59 JPY and 79.83 JPY. This implies that the price is at +0.28% from its lowest and at -0.03% from its highest.79.59
79.83
79.81
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/JPY chart shows a slightly bullish trend. Only 46.43% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the 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.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 79.14 | 79.34 | 79.57 | 79.81 | 80.11 | 80.34 | 80.85 |
| Change (%) | -0.84% | -0.59% | -0.30% | - | +0.38% | +0.66% | +1.30% |
| Change | -0.67 | -0.47 | -0.24 | - | +0.30 | +0.53 | +1.04 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Major |
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 | 78.15 | 78.73 | 79.19 | 79.77 | 80.23 | 80.81 | 81.27 |
| Camarilla | 79.37 | 79.47 | 79.57 | 79.66 | 79.76 | 79.85 | 79.95 |
| Woodie | 78.10 | 78.70 | 79.14 | 79.74 | 80.18 | 80.78 | 81.22 |
| Fibonacci | 78.73 | 79.12 | 79.37 | 79.77 | 80.16 | 80.41 | 80.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.87 | 77.98 | 78.96 | 80.07 | 81.05 | 82.16 | 83.14 |
| Camarilla | 79.36 | 79.55 | 79.74 | 79.93 | 80.12 | 80.31 | 80.51 |
| Woodie | 76.80 | 77.95 | 78.89 | 80.04 | 80.98 | 82.13 | 83.07 |
| Fibonacci | 77.98 | 78.78 | 79.28 | 80.07 | 80.87 | 81.37 | 82.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.69 | 81.35 | 81.91 | 82.57 | 83.13 | 83.79 | 84.35 |
| Camarilla | 82.12 | 82.24 | 82.35 | 82.46 | 82.57 | 82.68 | 82.80 |
| Woodie | 80.63 | 81.33 | 81.85 | 82.55 | 83.07 | 83.77 | 84.29 |
| Fibonacci | 81.35 | 81.82 | 82.11 | 82.57 | 83.04 | 83.33 | 83.79 |
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): | 55.56 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 2.86 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 79.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.33 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 80.03 | |
| Zig ZAG (10): | 79.80 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 88.79 | |
| TEMA (21): | 79.78 | |
| Williams %R (14): | -11.11 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.30 |
| MA7: | 79.89 | |
| MA20: | 81.03 | |
| MA50: | 81.68 | |
| MA100: | 82.04 | |
| MAexp7: | 79.74 | |
| MAexp20: | 79.71 | |
| MAexp50: | 79.74 | |
| MAexp100: | 79.81 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -1.51% | |
| Price / MA50: | -2.29% | |
| Price / MA100: | -2.72% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.01% |
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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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
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Forex: Top FX Headlines: USD/CAD, CAD/JPY in the Spotlight Today - Watch Crude Oil Price: 2/24/17
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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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