Post an Analysis Request an analysis AI Londinia analysis
CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 06/05/2024 (GMT)

  • 118
  • 0
Londinia
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
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: Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 114.07 JPY
My targets
113.48 JPY (-0.23)
112.96 JPY (-0.75)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 114.07 JPY remains possible. It is advisable to trade CAD/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 114.07 JPY. The next bearish objective for sellers is set at 113.48 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 112.96 JPY. In case of crossing, the next objective would be the support located at 111.84 JPY. PS: if there is a bullish break in the resistance located at 114.07 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.6

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

CAD/JPY rating 113.71 JPY. On the day, this instrument gained +0.26% with the lowest point at 113.41 JPY and the highest point at 113.71 JPY. The deviation from the price is +0.26% for the low point and 0% for the high point.

113.41
113.71
113.71

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, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CAD/JPY in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 111.84 112.96 113.48 113.71 114.07 114.75 115.29
Change (%) -1.64% -0.66% -0.20% - +0.32% +0.91% +1.39%
Change -1.87 -0.75 -0.23 - +0.36 +1.04 +1.58
Level Intermediate Intermediate Minor - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard110.81111.89112.65113.73114.49115.57116.33
Camarilla112.91113.08113.25113.42113.59113.76113.93
Woodie110.66111.81112.50113.65114.34115.49116.18
Fibonacci111.89112.59113.02113.73114.43114.86115.57


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 49.54
MACD (12,26,9): -0.2400
Directional Movement: -3.02
AROON (14): 57.14
DEMA (21): 113.14
Parabolic SAR (0,02-0,02-0,2): 113.00
Elder Ray (13): 0.18
Super Trend (3,10): 113.76
Zig ZAG (10): 113.63
VORTEX (21): 0.7800
Stochastique (14,3,5): 88.14
TEMA (21): 113.18
Williams %R (14): -4.69
Chande Momentum Oscillator (20): 0.44
Repulse (5,40,3): 0.2800
ROCnROLL: -1
TRIX (15,9): -0.0500
Courbe Coppock: 0.26
MA7: 114.56
MA20: 114.43
MA50: 113.29
MA100: 111.90
MAexp7: 113.39
MAexp20: 113.51
MAexp50: 114.00
MAexp100: 114.36
Price / MA7: -0.74%
Price / MA20: -0.63%
Price / MA50: +0.37%
Price / MA100: +1.62%
Price / MAexp7: +0.28%
Price / MAexp20: +0.18%
Price / MAexp50: -0.25%
Price / MAexp100: -0.57%

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.

About author

Londinia
Londinia AI

Online

Overall rating :
15855
Number of analyses :
95963
Followers :
0
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