CAD/JPY - 1H - Technical analysis published on 02/28/2020 (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 bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 80.92 JPY
My targets
80.11 JPY (-0.50)
79.34 JPY (-1.27)
My analysis
The bearish trend is currently very strong for CAD/JPY. As long as the price remains below the resistance at 80.92 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 80.11 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 79.34 JPY as an objective. Crossing it would then enable sellers to target 78.81 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.5
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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 rating is 80.61 JPY. The price registered a decrease of -1.54% on the session and was between 80.57 JPY and 81.92 JPY. This implies that the price is at +0.05% from its lowest and at -1.60% from its highest.80.57
81.92
80.61
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong 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, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 78.81 | 79.34 | 80.11 | 80.61 | 80.92 | 81.69 | 82.76 |
| Change (%) | -2.23% | -1.58% | -0.62% | - | +0.38% | +1.34% | +2.67% |
| Change | -1.80 | -1.27 | -0.50 | - | +0.31 | +1.08 | +2.15 |
| Level | Major | Intermediate | Minor | - | Major | Major | 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 | 80.30 | 80.98 | 81.43 | 82.11 | 82.56 | 83.24 | 83.69 |
| Camarilla | 81.56 | 81.66 | 81.77 | 81.87 | 81.97 | 82.08 | 82.18 |
| Woodie | 80.18 | 80.92 | 81.31 | 82.05 | 82.44 | 83.18 | 83.57 |
| Fibonacci | 80.98 | 81.42 | 81.68 | 82.11 | 82.55 | 82.81 | 83.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.98 | 81.82 | 83.08 | 83.92 | 85.18 | 86.02 | 87.28 |
| Camarilla | 83.77 | 83.97 | 84.16 | 84.35 | 84.54 | 84.74 | 84.93 |
| Woodie | 81.20 | 81.93 | 83.30 | 84.03 | 85.40 | 86.13 | 87.50 |
| Fibonacci | 81.82 | 82.62 | 83.11 | 83.92 | 84.72 | 85.21 | 86.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.08 | 79.91 | 80.90 | 82.73 | 83.72 | 85.55 | 86.54 |
| Camarilla | 81.10 | 81.36 | 81.62 | 81.88 | 82.14 | 82.40 | 82.66 |
| Woodie | 77.65 | 79.70 | 80.47 | 82.52 | 83.29 | 85.34 | 86.11 |
| Fibonacci | 79.91 | 80.99 | 81.66 | 82.73 | 83.81 | 84.48 | 85.55 |
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): | 15.80 | |
| MACD (12,26,9): | -0.4300 | |
| Directional Movement: | -23.70 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 80.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.57 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 81.41 | |
| Zig ZAG (10): | 80.66 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 8.20 | |
| TEMA (21): | 80.52 | |
| Williams %R (14): | -91.87 | |
| Chande Momentum Oscillator (20): | -0.77 | |
| Repulse (5,40,3): | -0.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 2.54 |
| MA7: | 82.92 | |
| MA20: | 82.80 | |
| MA50: | 83.21 | |
| MA100: | 82.86 | |
| MAexp7: | 80.78 | |
| MAexp20: | 81.22 | |
| MAexp50: | 81.88 | |
| MAexp100: | 82.45 | |
| Price / MA7: | -2.79% | |
| Price / MA20: | -2.64% | |
| Price / MA50: | -3.12% | |
| Price / MA100: | -2.72% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -1.55% | |
| Price / MAexp100: | -2.23% |
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
-
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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