CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 07/25/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

83%

My opinion

Bearish under 112.09 JPY

My targets

109.98 JPY (-1.46)

108.88 JPY (-2.56)

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 112.09 JPY, a sale could be considered. The first bearish objective is located at 109.98 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 108.88 JPY as an objective. Crossing it would then enable sellers to target 105.69 JPY. If the price were to return above 112.09 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

5.5

Comment on the 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.

This analysis was given by pitiantuta. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/JPY rating 111.44 JPY. The price is lower by -0.01% since the last closing and was between 109.89 JPY and 111.52 JPY. This implies that the price is at +1.41% from its lowest and at -0.07% from its highest.

109.89

111.52

111.44

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CAD/JPY in Daily shows an overall bearish trend. 64.29% 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. 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, 15 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	105.69	108.88	109.98	111.44	112.09	113.42	114.80
Change (%)	-5.16%	-2.30%	-1.31%	-	+0.58%	+1.78%	+3.02%
Change	-5.75	-2.56	-1.46	-	+0.65	+1.98	+3.36
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	Intermediate

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
Standard	108.32	109.64	110.54	111.86	112.76	114.08	114.98
Camarilla	110.84	111.04	111.25	111.45	111.65	111.86	112.06
Woodie	108.12	109.54	110.34	111.76	112.56	113.98	114.78
Fibonacci	109.64	110.49	111.01	111.86	112.71	113.23	114.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	111.00	112.29	113.49	114.78	115.98	117.27	118.47
Camarilla	114.02	114.24	114.47	114.70	114.93	115.16	115.39
Woodie	110.97	112.27	113.46	114.76	115.95	117.25	118.44
Fibonacci	112.29	113.24	113.83	114.78	115.73	116.32	117.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.67	111.32	114.45	116.10	119.23	120.88	124.01
Camarilla	116.28	116.71	117.15	117.59	118.03	118.47	118.91
Woodie	110.42	111.69	115.20	116.47	119.98	121.25	124.76
Fibonacci	111.32	113.14	114.27	116.10	117.92	119.05	120.88

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):	26.20
MACD (12,26,9):	-0.9600
Directional Movement:	-38.69
AROON (14):	-78.57
DEMA (21):	113.98
Parabolic SAR (0,02-0,02-0,2):	115.90
Elder Ray (13):	-3.58
Super Trend (3,10):	114.30
Zig ZAG (10):	111.38
VORTEX (21):	0.6800
Stochastique (14,3,5):	8.34
TEMA (21):	112.66
Williams %R (14):	-83.61
Chande Momentum Oscillator (20):	-6.99
Repulse (5,40,3):	-1.1800
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	8.10

MA7:	113.29
MA20:	115.99
MA50:	115.40
MA100:	113.78
MAexp7:	113.16
MAexp20:	114.88
MAexp50:	115.01
MAexp100:	113.96
Price / MA7:	-1.63%
Price / MA20:	-3.92%
Price / MA50:	-3.43%
Price / MA100:	-2.06%
Price / MAexp7:	-1.52%
Price / MAexp20:	-2.99%
Price / MAexp50:	-3.10%
Price / MAexp100:	-2.21%

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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