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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
ISIN:

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

  • 102
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bearish
Technical indicators
22%
44%
33%
My opinion
Neutral between 113.46 JPY and 114.29 JPY
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 114.29 JPY. The first support is located at 113.46 JPY. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CAD/JPY.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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.

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 113.96 JPY. On the day, this instrument gained +0.06% and was between 113.66 JPY and 114.24 JPY. This implies that the price is at +0.26% from its lowest and at -0.25% from its highest.

113.66
114.24
113.96

Here is a more detailed summary of the historical variations registered by CAD/JPY:
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


Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 111.84 112.96 113.46 113.96 114.29 114.75 115.29
Change (%) -1.86% -0.88% -0.44% - +0.29% +0.69% +1.17%
Change -2.12 -1.00 -0.50 - +0.33 +0.79 +1.33
Level Intermediate Minor Intermediate - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard112.56112.98113.44113.86114.32114.74115.20
Camarilla113.65113.73113.81113.89113.97114.05114.13
Woodie112.57112.99113.45113.87114.33114.75115.21
Fibonacci112.98113.32113.53113.86114.20114.41114.74


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 49.94
MACD (12,26,9): 0.0400
Directional Movement: -2.54
AROON (14): 50.00
DEMA (21): 113.99
Parabolic SAR (0,02-0,02-0,2): 113.68
Elder Ray (13): 0.03
Super Trend (3,10): 113.64
Zig ZAG (10): 113.90
VORTEX (21): 0.9600
Stochastique (14,3,5): 68.92
TEMA (21): 114.03
Williams %R (14): -56.90
Chande Momentum Oscillator (20): -0.06
Repulse (5,40,3): -0.1700
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.02
MA7: 114.41
MA20: 114.45
MA50: 113.33
MA100: 111.95
MAexp7: 113.99
MAexp20: 113.94
MAexp50: 113.97
MAexp100: 114.17
Price / MA7: -0.39%
Price / MA20: -0.43%
Price / MA50: +0.56%
Price / MA100: +1.80%
Price / MAexp7: -0.03%
Price / MAexp20: +0.02%
Price / MAexp50: -0.01%
Price / MAexp100: -0.18%

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:

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

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