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CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
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CAD/JPY - 1H - Technical analysis published on 08/09/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 107.58 JPY
My targets
106.25 JPY (-0.42)
104.93 JPY (-1.74)
My analysis
CAD/JPY is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 107.58 JPY, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 106.25 JPY. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 104.93 JPY would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 104.18 JPY. Beware of a possible return to above the resistance located at 107.58 JPY which would be a sign of a correction of the short-term bearish excesses registered.

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
3.9

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The CAD/JPY rating is 106.67 JPY. The price registered a decrease of -0.80% on the session and was traded between 106.56 JPY and 107.57 JPY over the period. The price is currently at +0.10% from its lowest and -0.84% from its highest.

106.56
107.57
106.67

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CAD/JPY in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 102.41 104.18 106.25 106.67 107.58 108.88 109.98
Change (%) -3.99% -2.33% -0.39% - +0.85% +2.07% +3.10%
Change -4.26 -2.49 -0.42 - +0.91 +2.21 +3.31
Level Intermediate Minor Major - Major Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.53105.16106.35106.98108.17108.80109.99
Camarilla107.03107.20107.36107.53107.70107.86108.03
Woodie104.80105.30106.62107.12108.44108.94110.26
Fibonacci105.16105.86106.29106.98107.68108.11108.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard96.91101.24103.43107.76109.95114.28116.47
Camarilla103.82104.42105.01105.61106.21106.81107.40
Woodie95.83100.71102.35107.23108.87113.75115.39
Fibonacci101.24103.73105.27107.76110.25111.79114.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard94.42101.38104.93111.89115.44122.40125.95
Camarilla105.58106.54107.51108.47109.43110.40111.36
Woodie92.71100.53103.22111.04113.73121.55124.24
Fibonacci101.38105.40107.88111.89115.91118.39122.40

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): 40.39
MACD (12,26,9): -0.0200
Directional Movement: -11.73
AROON (14): -85.71
DEMA (21): 107.04
Parabolic SAR (0,02-0,02-0,2): 107.18
Elder Ray (13): -0.28
Super Trend (3,10): 106.48
Zig ZAG (10): 106.59
VORTEX (21): 0.9200
Stochastique (14,3,5): 14.41
TEMA (21): 106.87
Williams %R (14): -96.74
Chande Momentum Oscillator (20): -0.84
Repulse (5,40,3): -0.3000
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.68
MA7: 106.32
MA20: 110.48
MA50: 113.85
MA100: 113.49
MAexp7: 106.88
MAexp20: 107.01
MAexp50: 106.81
MAexp100: 106.67
Price / MA7: +0.33%
Price / MA20: -3.45%
Price / MA50: -6.31%
Price / MA100: -6.01%
Price / MAexp7: -0.20%
Price / MAexp20: -0.32%
Price / MAexp50: -0.13%
Price / MAexp100: -0%

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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