CAD/JPY - 1H - Technical analysis published on 06/03/2024 (GMT)
- 128
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 114.89 JPY
My targets
115.29 JPY (+0.25)
115.82 JPY (+0.78)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/JPY. As long as you are above the support located at 114.89 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 115.29 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 115.82 JPY as an objective. Crossing it would then enable buyers to target 124.85 JPY. If the support 114.89 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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 dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/JPY rating 115.04 JPY. On the day, this instrument lost -0.35% and was between 115.03 JPY and 115.55 JPY. This implies that the price is at +0.01% from its lowest and at -0.44% from its highest.115.03
115.55
115.04
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/JPY in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 114.43 | 114.75 | 114.89 | 115.04 | 115.29 | 115.82 | 124.85 |
| Change (%) | -0.53% | -0.25% | -0.13% | - | +0.22% | +0.68% | +8.53% |
| Change | -0.61 | -0.29 | -0.15 | - | +0.25 | +0.78 | +9.81 |
| Level | Intermediate | Minor | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.69 | 114.06 | 114.75 | 115.12 | 115.81 | 116.18 | 116.87 |
| Camarilla | 115.15 | 115.25 | 115.34 | 115.44 | 115.54 | 115.63 | 115.73 |
| Woodie | 113.85 | 114.14 | 114.91 | 115.20 | 115.97 | 116.26 | 117.03 |
| Fibonacci | 114.06 | 114.47 | 114.72 | 115.12 | 115.53 | 115.78 | 116.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.09 | 113.58 | 114.51 | 115.00 | 115.93 | 116.42 | 117.35 |
| Camarilla | 115.05 | 115.18 | 115.31 | 115.44 | 115.57 | 115.70 | 115.83 |
| Woodie | 113.31 | 113.69 | 114.73 | 115.11 | 116.15 | 116.53 | 117.57 |
| Fibonacci | 113.58 | 114.12 | 114.46 | 115.00 | 115.54 | 115.88 | 116.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.66 | 110.03 | 112.74 | 114.11 | 116.82 | 118.19 | 120.90 |
| Camarilla | 114.32 | 114.69 | 115.07 | 115.44 | 115.81 | 116.19 | 116.56 |
| Woodie | 109.32 | 110.37 | 113.40 | 114.45 | 117.48 | 118.53 | 121.56 |
| Fibonacci | 110.03 | 111.59 | 112.56 | 114.11 | 115.67 | 116.64 | 118.19 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.30 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | -7.25 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 115.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.55 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 115.09 | |
| Zig ZAG (10): | 115.10 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 21.57 | |
| TEMA (21): | 115.41 | |
| Williams %R (14): | -97.83 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.13 |
| MA7: | 115.05 | |
| MA20: | 114.40 | |
| MA50: | 113.21 | |
| MA100: | 111.83 | |
| MAexp7: | 115.32 | |
| MAexp20: | 115.29 | |
| MAexp50: | 115.11 | |
| MAexp100: | 114.99 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | +1.62% | |
| Price / MA100: | +2.87% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.04% |
Quotes :
-
Real time data
-
Forex
News
The last news published on CAD/JPY at the time of the generation of this analysis was as follows:
-
CAD/JPY Forecast March 7, 2023
-
CAD/JPY Forecast October 4, 2022
-
CAD/JPY Forecast September 19, 2022
-
USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
-
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.
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