CAD/JPY - Daily - Technical analysis published on 09/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 80.97 JPY
My targets
81.87 JPY (+0.79%)
83.08 JPY (+2.28%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CAD/JPY as long as the price remains well above 80.97 JPY. The buyers” bullish objective is set at 81.87 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 83.08 JPY. If there is any crossing, the next objective would be the resistance located at 84.07 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 81.87 JPY. On this resistance, against the trend traders who would like to go short on CAD/JPY with a bearish signal from their trading strategy, should not hesitate to act.
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
2.1
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Additional analysis
Quotes
CAD/JPY rating 81.23 JPY. On the day, this instrument lost -0.15% and was between 81.21 JPY and 81.62 JPY. This implies that the price is at +0.02% from its lowest and at -0.48% from its highest.81.21
81.62
81.23
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/JPY:
Technical
A technical analysis in Daily of this CAD/JPY chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 79.35 | 80.10 | 80.97 | 81.23 | 81.87 | 83.08 | 84.07 |
| Change (%) | -2.31% | -1.39% | -0.32% | - | +0.79% | +2.28% | +3.50% |
| Change | -1.88 | -1.13 | -0.26 | - | +0.64 | +1.85 | +2.84 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.56 | 80.94 | 81.15 | 81.53 | 81.74 | 82.12 | 82.33 |
| Camarilla | 81.19 | 81.24 | 81.30 | 81.35 | 81.40 | 81.46 | 81.51 |
| Woodie | 80.47 | 80.90 | 81.06 | 81.49 | 81.65 | 82.08 | 82.24 |
| Fibonacci | 80.94 | 81.17 | 81.31 | 81.53 | 81.76 | 81.90 | 82.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.80 | 80.40 | 80.88 | 81.48 | 81.96 | 82.56 | 83.04 |
| Camarilla | 81.05 | 81.15 | 81.25 | 81.35 | 81.45 | 81.55 | 81.65 |
| Woodie | 79.73 | 80.37 | 80.81 | 81.45 | 81.89 | 82.53 | 82.97 |
| Fibonacci | 80.40 | 80.82 | 81.07 | 81.48 | 81.90 | 82.15 | 82.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.75 | 76.13 | 77.98 | 80.36 | 82.21 | 84.59 | 86.44 |
| Camarilla | 78.68 | 79.07 | 79.45 | 79.84 | 80.23 | 80.62 | 81.00 |
| Woodie | 73.50 | 76.00 | 77.73 | 80.23 | 81.96 | 84.46 | 86.19 |
| Fibonacci | 76.13 | 77.74 | 78.74 | 80.36 | 81.97 | 82.97 | 84.59 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.48 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 5.55 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 81.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.82 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 79.73 | |
| Zig ZAG (10): | 81.23 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 79.69 | |
| TEMA (21): | 81.55 | |
| Williams %R (14): | -29.41 | |
| Chande Momentum Oscillator (20): | 1.10 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 4.03 |
| MA7: | 81.56 | |
| MA20: | 80.50 | |
| MA50: | 81.11 | |
| MA100: | 81.41 | |
| MAexp7: | 81.34 | |
| MAexp20: | 80.87 | |
| MAexp50: | 80.99 | |
| MAexp100: | 81.48 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | -0.22% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | -0.31% |
News
The latest news and videos published on CAD/JPY at the time of the analysis were as follows:
-
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
-
Technical Focus: CAD/JPY - Getting Ready for the Next Big Level
-
Forex: Top FX Headlines: USD/CAD, CAD/JPY in the Spotlight Today - Watch Crude Oil Price: 2/24/17
-
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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