CAD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 05/03/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 112.09 JPY

My targets

111.41 JPY (-0.46)

110.13 JPY (-1.74)

My analysis

The bearish trend is currently very strong for CAD/JPY. As long as the price remains below the resistance at 112.09 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 111.41 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 110.13 JPY as an objective. Crossing it would then enable sellers to target 108.88 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

7.3

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 price is 111.87 JPY. The price is lower by -0.17% since the last closing and was between 111.83 JPY and 112.27 JPY. This implies that the price is at +0.04% from its lowest and at -0.36% from its highest.

111.83

112.27

111.87

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	108.88	110.13	111.41	111.87	112.09	112.87	113.82
Change (%)	-2.67%	-1.56%	-0.41%	-	+0.20%	+0.89%	+1.74%
Change	-2.99	-1.74	-0.46	-	+0.22	+1.00	+1.95
Level	Minor	Major	Major	-	Major	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	109.38	110.62	111.34	112.58	113.30	114.54	115.26
Camarilla	111.52	111.70	111.88	112.06	112.24	112.42	112.60
Woodie	109.12	110.49	111.08	112.45	113.04	114.41	115.00
Fibonacci	110.62	111.37	111.83	112.58	113.33	113.79	114.54

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):	30.46
MACD (12,26,9):	-0.4200
Directional Movement:	-20.03
AROON (14):	-92.86
DEMA (21):	111.87
Parabolic SAR (0,02-0,02-0,2):	112.97
Elder Ray (13):	-0.33
Super Trend (3,10):	112.83
Zig ZAG (10):	111.96
VORTEX (21):	0.7600
Stochastique (14,3,5):	10.62
TEMA (21):	111.81
Williams %R (14):	-90.57
Chande Momentum Oscillator (20):	-0.44
Repulse (5,40,3):	-0.1300
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	1.40

MA7:	113.73
MA20:	112.74
MA50:	111.63
MA100:	110.39
MAexp7:	112.06
MAexp20:	112.44
MAexp50:	113.15
MAexp100:	113.61
Price / MA7:	-1.64%
Price / MA20:	-0.77%
Price / MA50:	+0.21%
Price / MA100:	+1.34%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.51%
Price / MAexp50:	-1.13%
Price / MAexp100:	-1.53%

Quotes : - Real time data - 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:

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

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