CAD/JPY - 1H - Technical analysis published on 06/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
28%
17%
56%
My opinion
Bearish under 114.75 JPY
My targets
113.48 JPY (-0.48)
112.96 JPY (-1.00)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/JPY. As long as you are under the resistance located at 114.75 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 113.48 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 112.96 JPY as an objective. Crossing it would then enable sellers to target 111.84 JPY. If the resistance 114.75 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.8
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Additional analysis
Quotes
The CAD/JPY rating is 113.96 JPY. The price registered an increase of +0.48% on the session and was traded between 113.41 JPY and 114.29 JPY over the period. The price is currently at +0.48% from its lowest and -0.29% from its highest.113.41
114.29
113.96
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/JPY in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 111.84 | 112.96 | 113.48 | 113.96 | 114.07 | 114.75 | 115.29 |
| Change (%) | -1.86% | -0.88% | -0.42% | - | +0.10% | +0.69% | +1.17% |
| Change | -2.12 | -1.00 | -0.48 | - | +0.11 | +0.79 | +1.33 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.81 | 111.89 | 112.65 | 113.73 | 114.49 | 115.57 | 116.33 |
| Camarilla | 112.91 | 113.08 | 113.25 | 113.42 | 113.59 | 113.76 | 113.93 |
| Woodie | 110.66 | 111.81 | 112.50 | 113.65 | 114.34 | 115.49 | 116.18 |
| Fibonacci | 111.89 | 112.59 | 113.02 | 113.73 | 114.43 | 114.86 | 115.57 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.82 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -4.37 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 113.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.19 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 113.64 | |
| Zig ZAG (10): | 113.96 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 56.37 | |
| TEMA (21): | 114.11 | |
| Williams %R (14): | -48.53 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.10 |
| MA7: | 114.60 | |
| MA20: | 114.44 | |
| MA50: | 113.29 | |
| MA100: | 111.91 | |
| MAexp7: | 113.99 | |
| MAexp20: | 113.93 | |
| MAexp50: | 113.99 | |
| MAexp100: | 114.23 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | +0.59% | |
| Price / MA100: | +1.83% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.24% |
Quotes :
-
Real time data
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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:
-
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.
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