CAD/JPY - 1H - Technical analysis published on 07/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 106.78 JPY
My targets
105.89 JPY (-0.37)
105.25 JPY (-1.01)
My analysis
The basic trend is very bearish on CAD/JPY but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on CAD/JPY. As long as you stay below the resistance 106.78 JPY, sellers' retain the upper hand. A break in the support at 105.89 JPY would be a signal that the basic trend will reverse. Sellers would then use the next support located at 105.25 JPY as an objective. Crossing it would then enable sellers to target 104.92 JPY. If the price were to depress the resistance 106.78 JPY in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3
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This analysis was given by mrjackyt. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/JPY price is 106.26 JPY. On the day, this instrument lost -0.04% with the lowest point at 105.85 JPY and the highest point at 106.47 JPY. The deviation from the price is +0.39% for the low point and -0.20% for the high point.105.85
106.47
106.26
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
Here is a more detailed summary of the historical variations registered by CAD/JPY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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:
Near support of triangle
Type : Bullish
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 | 105.25 | 105.89 | 106.19 | 106.26 | 106.78 | 107.41 | 107.82 |
| Change (%) | -0.95% | -0.35% | -0.07% | - | +0.49% | +1.08% | +1.47% |
| Change | -1.01 | -0.37 | -0.07 | - | +0.52 | +1.15 | +1.56 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.67 | 105.29 | 105.79 | 106.41 | 106.91 | 107.53 | 108.03 |
| Camarilla | 105.99 | 106.10 | 106.20 | 106.30 | 106.40 | 106.51 | 106.61 |
| Woodie | 104.62 | 105.26 | 105.74 | 106.38 | 106.86 | 107.50 | 107.98 |
| Fibonacci | 105.29 | 105.72 | 105.98 | 106.41 | 106.84 | 107.10 | 107.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.44 | 102.84 | 105.00 | 106.40 | 108.56 | 109.96 | 112.12 |
| Camarilla | 106.18 | 106.51 | 106.83 | 107.16 | 107.49 | 107.81 | 108.14 |
| Woodie | 101.82 | 103.03 | 105.38 | 106.59 | 108.94 | 110.15 | 112.50 |
| Fibonacci | 102.84 | 104.20 | 105.04 | 106.40 | 107.76 | 108.60 | 109.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.38 | 99.91 | 104.45 | 106.98 | 111.52 | 114.05 | 118.59 |
| Camarilla | 107.05 | 107.69 | 108.34 | 108.99 | 109.64 | 110.29 | 110.93 |
| Woodie | 98.39 | 100.41 | 105.46 | 107.48 | 112.53 | 114.55 | 119.60 |
| Fibonacci | 99.91 | 102.61 | 104.28 | 106.98 | 109.68 | 111.35 | 114.05 |
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): | 48.68 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -5.09 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 106.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.42 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 106.61 | |
| Zig ZAG (10): | 106.33 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 76.34 | |
| TEMA (21): | 106.21 | |
| Williams %R (14): | -33.87 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.08 |
| MA7: | 106.60 | |
| MA20: | 106.77 | |
| MA50: | 105.85 | |
| MA100: | 102.29 | |
| MAexp7: | 106.25 | |
| MAexp20: | 106.30 | |
| MAexp50: | 106.54 | |
| MAexp100: | 106.61 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | +0.39% | |
| Price / MA100: | +3.88% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.33% |
Quotes :
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Real time data
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Forex
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:
-
CAD/JPY Forecast March 7, 2023
-
CAD/JPY Forecast October 4, 2022
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CAD/JPY Forecast September 19, 2022
-
USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
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S&P 500 Breaks Resistance and Immediately Stalls as CADJPY Explodes Higher
This member declared not having a position on this financial instrument or a related financial instrument.
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