CAD/JPY - 1H - Technical analysis published on 10/16/2019 (GMT)
- Who voted?
- 122
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 81.87 JPY
My targets
82.47 JPY (+0.08%)
83.08 JPY (+0.83%)
My analysis
The basic bullish trend is very strong on CAD/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 81.87 JPY. Crossing the first resistance at 82.47 JPY would be a sign of a potential new surge in the price. 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. Caution, a return to below 81.87 JPY would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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. On the day, this instrument gained +0.01% with the lowest point at 82.06 JPY and the highest point at 82.47 JPY. The deviation from the price is +0.41% for the low point and -0.08% for the high point.82.06
82.47
82.40
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/JPY chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned 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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
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 | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 81.16 | 81.45 | 81.92 | 82.21 | 82.68 | 82.97 | 83.44 |
| Camarilla | 82.18 | 82.25 | 82.32 | 82.39 | 82.46 | 82.53 | 82.60 |
| Woodie | 81.25 | 81.50 | 82.01 | 82.26 | 82.77 | 83.02 | 83.53 |
| Fibonacci | 81.45 | 81.74 | 81.92 | 82.21 | 82.50 | 82.68 | 82.97 |
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): | 57.98 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 3.30 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 82.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.08 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 82.11 | |
| Zig ZAG (10): | 82.40 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 88.58 | |
| TEMA (21): | 82.35 | |
| Williams %R (14): | -19.51 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.03 |
| MA7: | 81.53 | |
| MA20: | 81.19 | |
| MA50: | 80.74 | |
| MA100: | 81.27 | |
| MAexp7: | 82.34 | |
| MAexp20: | 82.29 | |
| MAexp50: | 82.16 | |
| MAexp100: | 81.88 | |
| Price / MA7: | +1.07% | |
| Price / MA20: | +1.49% | |
| Price / MA50: | +2.06% | |
| Price / MA100: | +1.39% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.64% |
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:
-
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.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CAD/JPY - 1H