CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 05/02/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

My opinion

Bearish under 113.63 JPY

My targets

112.87 JPY (-0.32)

112.09 JPY (-1.10)

My analysis

The bearish trend is currently very strong for CAD/JPY. As long as the price remains below the resistance at 113.63 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 112.87 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 112.09 JPY as an objective. Crossing it would then enable sellers to target 110.13 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.1

Comment on the analysis

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

The CAD/JPY rating is 113.19 JPY. The price registered a decrease of -0.25% on the session with the lowest point at 113.02 JPY and the highest point at 113.82 JPY. The deviation from the price is +0.15% for the low point and -0.55% for the high point.

113.02

113.82

113.19

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 this 1H chart of CAD/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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 does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	110.13	112.09	112.87	113.19	113.63	114.42	117.33
Change (%)	-2.70%	-0.97%	-0.28%	-	+0.39%	+1.09%	+3.66%
Change	-3.06	-1.10	-0.32	-	+0.44	+1.23	+4.14
Level	Major	Intermediate	Intermediate	-	Minor	Intermediate	Minor

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	108.34	109.88	111.67	113.21	115.00	116.54	118.33
Camarilla	112.55	112.86	113.17	113.47	113.78	114.08	114.39
Woodie	108.48	109.94	111.81	113.27	115.14	116.60	118.47
Fibonacci	109.88	111.15	111.94	113.21	114.48	115.27	116.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.87	111.11	113.46	114.70	117.05	118.29	120.64
Camarilla	114.83	115.16	115.49	115.82	116.15	116.48	116.81
Woodie	110.44	111.39	114.03	114.98	117.62	118.57	121.21
Fibonacci	111.11	112.48	113.33	114.70	116.07	116.92	118.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.68	107.77	111.14	114.23	117.60	120.69	124.06
Camarilla	112.72	113.32	113.91	114.50	115.09	115.68	116.28
Woodie	104.81	107.84	111.27	114.30	117.73	120.76	124.19
Fibonacci	107.77	110.24	111.77	114.23	116.70	118.23	120.69

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):	37.38
MACD (12,26,9):	-0.3000
Directional Movement:	-23.32
AROON (14):	-7.14
DEMA (21):	113.25
Parabolic SAR (0,02-0,02-0,2):	111.73
Elder Ray (13):	-0.37
Super Trend (3,10):	114.19
Zig ZAG (10):	113.21
VORTEX (21):	0.8300
Stochastique (14,3,5):	56.30
TEMA (21):	113.13
Williams %R (14):	-43.53
Chande Momentum Oscillator (20):	0.93
Repulse (5,40,3):	-0.0500
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	1.25

MA7:	114.09
MA20:	112.78
MA50:	111.64
MA100:	110.34
MAexp7:	113.33
MAexp20:	113.64
MAexp50:	114.04
MAexp100:	114.15
Price / MA7:	-0.79%
Price / MA20:	+0.36%
Price / MA50:	+1.39%
Price / MA100:	+2.58%
Price / MAexp7:	-0.12%
Price / MAexp20:	-0.40%
Price / MAexp50:	-0.75%
Price / MAexp100:	-0.84%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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