CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 08/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

56%

17%

28%

My opinion

Bearish under 108.88 JPY

My targets

106.25 JPY (-1.03)

104.98 JPY (-2.30)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/JPY as long as the price remains well below 108.88 JPY. The sellers' bearish objective is set at 106.25 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 104.98 JPY. In case of crossing, the next objective would be the support located at 102.41 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

4.8

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 FDVTrader. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/JPY rating is 107.28 JPY. The price registered a decrease of -0.33% on the session and was traded between 107.00 JPY and 108.07 JPY over the period. The price is currently at +0.26% from its lowest and -0.73% from its highest.

107.00

108.07

107.28

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 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

A technical analysis in Daily of this CAD/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	102.41	104.98	106.25	107.28	108.88	109.98	112.09
Change (%)	-4.54%	-2.14%	-0.96%	-	+1.49%	+2.52%	+4.48%
Change	-4.87	-2.30	-1.03	-	+1.60	+2.70	+4.81
Level	Minor	Intermediate	Major	-	Major	Major	Minor

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	104.42	105.32	106.47	107.37	108.52	109.42	110.57
Camarilla	107.07	107.25	107.44	107.63	107.82	108.01	108.19
Woodie	104.56	105.38	106.61	107.43	108.66	109.48	110.71
Fibonacci	105.32	106.10	106.58	107.37	108.15	108.63	109.42

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.36	105.42	106.68	107.74	109.00	110.06	111.32
Camarilla	107.29	107.51	107.72	107.93	108.14	108.36	108.57
Woodie	104.45	105.47	106.77	107.79	109.09	110.11	111.41
Fibonacci	105.42	106.31	106.86	107.74	108.63	109.18	110.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.42	101.38	104.93	111.89	115.44	122.40	125.95
Camarilla	105.58	106.54	107.51	108.47	109.43	110.40	111.36
Woodie	92.71	100.53	103.22	111.04	113.73	121.55	124.24
Fibonacci	101.38	105.40	107.88	111.89	115.91	118.39	122.40

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):	37.06
MACD (12,26,9):	-1.6000
Directional Movement:	-21.32
AROON (14):	-21.43
DEMA (21):	106.40
Parabolic SAR (0,02-0,02-0,2):	104.44
Elder Ray (13):	-0.36
Super Trend (3,10):	109.22
Zig ZAG (10):	107.30
VORTEX (21):	0.8200
Stochastique (14,3,5):	65.84
TEMA (21):	106.14
Williams %R (14):	-25.33
Chande Momentum Oscillator (20):	1.69
Repulse (5,40,3):	-0.0500
ROCnROLL:	2
TRIX (15,9):	-0.2700
Courbe Coppock:	3.73

MA7:	107.58
MA20:	108.05
MA50:	112.95
MA100:	113.21
MAexp7:	107.55
MAexp20:	108.70
MAexp50:	111.19
MAexp100:	112.05
Price / MA7:	-0.28%
Price / MA20:	-0.71%
Price / MA50:	-5.02%
Price / MA100:	-5.24%
Price / MAexp7:	-0.25%
Price / MAexp20:	-1.31%
Price / MAexp50:	-3.52%
Price / MAexp100:	-4.26%

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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