CAD/JPY - 1H - Technical analysis published on 06/03/2024 (GMT)
- 104
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 114.75 JPY
My targets
114.15 JPY (-0.32)
113.09 JPY (-1.38)
My analysis
In the short term, we can see an acceleration in the bearish trend on CAD/JPY, which is a positive signal for sellers. As long as the price remains above 114.75 JPY, a sale could be considered. The first bearish objective is located at 114.15 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 113.09 JPY as an objective. Crossing it would then enable sellers to target 111.84 JPY. If the price were to return above 114.75 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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 114.47 JPY. The price is lower by -0.84% since the last closing with the lowest point at 114.29 JPY and the highest point at 115.55 JPY. The deviation from the price is +0.16% for the low point and -0.93% for the high point.114.29
115.55
114.47
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
A study of price movements over other periods shows the following variations:
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 bearish trend. 78.57% of the signals given by moving averages are bearish. This 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 111.84 | 114.15 | 114.43 | 114.47 | 114.75 | 114.89 | 115.29 |
| Change (%) | -2.30% | -0.28% | -0.03% | - | +0.24% | +0.37% | +0.72% |
| Change | -2.63 | -0.32 | -0.04 | - | +0.28 | +0.42 | +0.82 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Minor |
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): | 33.63 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -22.30 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 114.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.78 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 114.94 | |
| Zig ZAG (10): | 114.47 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 8.24 | |
| TEMA (21): | 114.47 | |
| Williams %R (14): | -85.71 | |
| Chande Momentum Oscillator (20): | -0.78 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.37 |
| MA7: | 114.97 | |
| MA20: | 114.36 | |
| MA50: | 113.20 | |
| MA100: | 111.82 | |
| MAexp7: | 114.60 | |
| MAexp20: | 114.88 | |
| MAexp50: | 114.97 | |
| MAexp100: | 114.94 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +1.12% | |
| Price / MA100: | +2.37% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.41% |
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