CAD/JPY - 1H - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 82.47 JPY and 82.58 JPY
My targets
-
My analysis
The short-term increase on CAD/JPY remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 82.58 JPY. The first support is located at 82.47 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/JPY price is 82.50 JPY. The price has increased by +0.13% since the last closing with the lowest point at 82.33 JPY and the highest point at 82.59 JPY. The deviation from the price is +0.21% for the low point and -0.11% for the high point.82.33
82.59
82.50
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is slightly bearish. Only 50% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
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
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 82.17 | 82.31 | 82.47 | 82.50 | 82.58 | 82.69 | 82.81 |
| Change (%) | -0.40% | -0.23% | -0.04% | - | +0.10% | +0.23% | +0.38% |
| Change | -0.33 | -0.19 | -0.03 | - | +0.08 | +0.19 | +0.31 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 81.95 | 82.13 | 82.26 | 82.44 | 82.57 | 82.75 | 82.88 |
| Camarilla | 82.31 | 82.33 | 82.36 | 82.39 | 82.42 | 82.45 | 82.48 |
| Woodie | 81.93 | 82.12 | 82.24 | 82.43 | 82.55 | 82.74 | 82.86 |
| Fibonacci | 82.13 | 82.25 | 82.32 | 82.44 | 82.56 | 82.63 | 82.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.45 | 81.88 | 82.24 | 82.67 | 83.03 | 83.46 | 83.82 |
| Camarilla | 82.37 | 82.45 | 82.52 | 82.59 | 82.66 | 82.74 | 82.81 |
| Woodie | 81.41 | 81.86 | 82.20 | 82.65 | 82.99 | 83.44 | 83.78 |
| Fibonacci | 81.88 | 82.19 | 82.37 | 82.67 | 82.98 | 83.16 | 83.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.29 | 78.06 | 80.03 | 81.80 | 83.77 | 85.54 | 87.51 |
| Camarilla | 80.98 | 81.32 | 81.67 | 82.01 | 82.35 | 82.70 | 83.04 |
| Woodie | 76.40 | 78.11 | 80.14 | 81.85 | 83.88 | 85.59 | 87.62 |
| Fibonacci | 78.06 | 79.49 | 80.37 | 81.80 | 83.23 | 84.11 | 85.54 |
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): | 57.18 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 9.34 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 82.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.37 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 82.58 | |
| Zig ZAG (10): | 82.52 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 68.91 | |
| TEMA (21): | 82.48 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 82.66 | |
| MA20: | 82.76 | |
| MA50: | 81.85 | |
| MA100: | 81.58 | |
| MAexp7: | 82.47 | |
| MAexp20: | 82.46 | |
| MAexp50: | 82.50 | |
| MAexp100: | 82.57 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.31% | |
| Price / MA50: | +0.79% | |
| Price / MA100: | +1.13% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.08% |
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:
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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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