CAD/JPY - 1H - Technical analysis published on 10/15/2019 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 81.87 JPY
My targets
82.47 JPY (+0.08%)
83.08 JPY (+0.83%)
My analysis
The bullish trend is currently very strong on CAD/JPY. As long as the price remains above the support at 81.87 JPY, you could try to benefit from the boom. The first bullish objective is located at 82.47 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 83.08 JPY as an objective. Crossing it would then enable buyers to target 84.07 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/JPY rating 82.40 JPY. The price registered an increase of +0.55% on the session and was between 81.74 JPY and 82.47 JPY. This implies that the price is at +0.81% from its lowest and at -0.08% from its highest.81.74
82.47
82.40
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 support is broken
Type : Bearish
Timeframe : 1 hour
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 | 80.92 | 81.34 | 81.87 | 82.40 | 82.47 | 83.08 | 84.07 |
| Change (%) | -1.80% | -1.29% | -0.64% | - | +0.08% | +0.83% | +2.03% |
| Change | -1.48 | -1.06 | -0.53 | - | +0.07 | +0.68 | +1.67 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 81.22 | 81.48 | 81.72 | 81.98 | 82.22 | 82.48 | 82.72 |
| Camarilla | 81.81 | 81.86 | 81.90 | 81.95 | 82.00 | 82.04 | 82.09 |
| Woodie | 81.20 | 81.48 | 81.70 | 81.98 | 82.20 | 82.48 | 82.70 |
| Fibonacci | 81.48 | 81.67 | 81.79 | 81.98 | 82.17 | 82.29 | 82.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.07 | 79.00 | 80.56 | 81.49 | 83.05 | 83.98 | 85.54 |
| Camarilla | 81.43 | 81.65 | 81.88 | 82.11 | 82.34 | 82.57 | 82.80 |
| Woodie | 78.38 | 79.16 | 80.87 | 81.65 | 83.36 | 84.14 | 85.85 |
| Fibonacci | 79.00 | 79.96 | 80.54 | 81.49 | 82.45 | 83.03 | 83.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.95 | 78.07 | 79.84 | 80.96 | 82.73 | 83.85 | 85.62 |
| Camarilla | 80.81 | 81.07 | 81.34 | 81.60 | 81.87 | 82.13 | 82.40 |
| Woodie | 77.27 | 78.23 | 80.16 | 81.12 | 83.05 | 84.01 | 85.94 |
| Fibonacci | 78.07 | 79.18 | 79.86 | 80.96 | 82.07 | 82.75 | 83.85 |
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): | 69.39 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 24.36 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 82.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 81.76 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 82.00 | |
| Zig ZAG (10): | 82.41 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 96.92 | |
| TEMA (21): | 82.19 | |
| Williams %R (14): | -5.62 | |
| Chande Momentum Oscillator (20): | 0.49 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.57 |
| MA7: | 81.28 | |
| MA20: | 81.15 | |
| MA50: | 80.69 | |
| MA100: | 81.26 | |
| MAexp7: | 82.19 | |
| MAexp20: | 82.02 | |
| MAexp50: | 81.88 | |
| MAexp100: | 81.61 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +1.54% | |
| Price / MA50: | +2.12% | |
| Price / MA100: | +1.40% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.97% |
News
The latest news and videos published on CAD/JPY at the time of the analysis were 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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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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