CAD/JPY - 1H - Technical analysis published on 03/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 76.14 JPY
My targets
77.30 JPY (+0.18)
78.81 JPY (+1.69)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CAD/JPY as long as the price remains well above 76.14 JPY. The buyers” bullish objective is set at 77.30 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 78.81 JPY. If there is any crossing, the next objective would be the resistance located at 79.34 JPY.
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
5.9
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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
CAD/JPY rating 77.12 JPY. The price registered a decrease of +1.61% on the session and was between 74.66 JPY and 77.28 JPY. This implies that the price is at +3.29% from its lowest and at -0.21% from its highest.74.66
77.28
77.12
Here is a more detailed summary of the historical variations registered by CAD/JPY:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on CAD/JPY were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of CAD/JPY in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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
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 | 74.84 | 75.87 | 77.05 | 77.12 | 78.81 | 79.34 | 81.54 |
| Change (%) | -2.96% | -1.62% | -0.09% | - | +2.19% | +2.88% | +5.73% |
| Change | -2.28 | -1.25 | -0.07 | - | +1.69 | +2.22 | +4.42 |
| Level | Minor | Intermediate | Major | - | Major | 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 | 74.10 | 74.88 | 75.39 | 76.17 | 76.68 | 77.46 | 77.97 |
| Camarilla | 75.55 | 75.66 | 75.78 | 75.90 | 76.02 | 76.14 | 76.26 |
| Woodie | 73.97 | 74.81 | 75.26 | 76.10 | 76.55 | 77.39 | 77.84 |
| Fibonacci | 74.88 | 75.37 | 75.68 | 76.17 | 76.66 | 76.97 | 77.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.06 | 76.14 | 77.30 | 79.38 | 80.54 | 82.62 | 83.78 |
| Camarilla | 77.56 | 77.86 | 78.15 | 78.45 | 78.75 | 79.04 | 79.34 |
| Woodie | 73.59 | 75.91 | 76.83 | 79.15 | 80.07 | 82.39 | 83.31 |
| Fibonacci | 76.14 | 77.38 | 78.15 | 79.38 | 80.62 | 81.39 | 82.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.36 | 77.25 | 78.97 | 81.86 | 83.58 | 86.47 | 88.19 |
| Camarilla | 79.42 | 79.85 | 80.27 | 80.69 | 81.11 | 81.54 | 81.96 |
| Woodie | 73.78 | 76.96 | 78.39 | 81.57 | 83.00 | 86.18 | 87.61 |
| Fibonacci | 77.25 | 79.01 | 80.10 | 81.86 | 83.62 | 84.71 | 86.47 |
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): | 65.10 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 12.81 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 75.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.13 | |
| Elder Ray (13): | 0.69 | |
| Super Trend (3,10): | 75.17 | |
| Zig ZAG (10): | 76.64 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 90.32 | |
| TEMA (21): | 76.08 | |
| Williams %R (14): | -2.69 | |
| Chande Momentum Oscillator (20): | 1.39 | |
| Repulse (5,40,3): | 1.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.80 |
| MA7: | 77.61 | |
| MA20: | 80.88 | |
| MA50: | 82.27 | |
| MA100: | 82.47 | |
| MAexp7: | 76.25 | |
| MAexp20: | 75.82 | |
| MAexp50: | 75.94 | |
| MAexp100: | 76.49 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -4.65% | |
| Price / MA50: | -6.26% | |
| Price / MA100: | -6.49% | |
| Price / MAexp7: | +1.14% | |
| Price / MAexp20: | +1.71% | |
| Price / MAexp50: | +1.55% | |
| Price / MAexp100: | +0.82% |
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.
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