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CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
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CAD/JPY - 1H - Technical analysis published on 06/04/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 114.15 JPY
My targets
113.09 JPY (-0.21)
111.84 JPY (-1.46)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/JPY as long as the price remains well below 114.15 JPY. The sellers' bearish objective is set at 113.09 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 111.84 JPY. In case of crossing, the next objective would be the support located at 110.13 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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
0
10
7.1

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/JPY rating is 113.30 JPY. The price registered a decrease of -1.07% on the session and was between 113.26 JPY and 114.80 JPY. This implies that the price is at +0.04% from its lowest and at -1.31% from its highest.

113.26
114.80
113.30

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/JPY chart shows a sharp bearish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 107.84 110.13 111.84 113.30 114.15 114.29 114.43
Change (%) -4.82% -2.80% -1.29% - +0.75% +0.87% +1.00%
Change -5.46 -3.17 -1.46 - +0.85 +0.99 +1.13
Level Intermediate Major Intermediate - Intermediate 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
Standard112.77113.53114.03114.79115.29116.05116.55
Camarilla114.18114.30114.42114.53114.65114.76114.88
Woodie112.64113.47113.90114.73115.16115.99116.42
Fibonacci113.53114.01114.31114.79115.27115.57116.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard113.09113.58114.51115.00115.93116.42117.35
Camarilla115.05115.18115.31115.44115.57115.70115.83
Woodie113.31113.69114.73115.11116.15116.53117.57
Fibonacci113.58114.12114.46115.00115.54115.88116.42


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard108.66110.03112.74114.11116.82118.19120.90
Camarilla114.32114.69115.07115.44115.81116.19116.56
Woodie109.32110.37113.40114.45117.48118.53121.56
Fibonacci110.03111.59112.56114.11115.67116.64118.19

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 17.49
MACD (12,26,9): -0.3200
Directional Movement: -42.65
AROON (14): -64.29
DEMA (21): 113.98
Parabolic SAR (0,02-0,02-0,2): 114.60
Elder Ray (13): -0.75
Super Trend (3,10): 114.12
Zig ZAG (10): 113.29
VORTEX (21): 0.6100
Stochastique (14,3,5): 3.92
TEMA (21): 113.77
Williams %R (14): -96.10
Chande Momentum Oscillator (20): -1.21
Repulse (5,40,3): -0.7000
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 0.95
MA7: 114.75
MA20: 114.40
MA50: 113.24
MA100: 111.86
MAexp7: 113.91
MAexp20: 114.35
MAexp50: 114.66
MAexp100: 114.78
Price / MA7: -1.26%
Price / MA20: -0.96%
Price / MA50: +0.05%
Price / MA100: +1.29%
Price / MAexp7: -0.54%
Price / MAexp20: -0.92%
Price / MAexp50: -1.19%
Price / MAexp100: -1.29%

Quotes : - Real time data - Forex

News


The latest news and videos published on CAD/JPY at the time of the analysis were as follows:

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

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