CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 08/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 107.51 JPY

My targets

106.47 JPY (-0.46)

106.25 JPY (-0.68)

My analysis

The bearish basic trend is very strong on CAD/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 107.51 JPY. Crossing the first support at 106.47 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 106.25 JPY as an objective. Crossing it would then enable sellers to target 104.98 JPY. Caution, a return to above the resistance located at 107.51 JPY would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

4.3

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

Additional analysis

Quotes

The CAD/JPY rating is 106.93 JPY. The price has increased by +0.08% since the last closing and was between 106.70 JPY and 107.18 JPY. This implies that the price is at +0.22% from its lowest and at -0.23% from its highest.

106.70

107.18

106.93

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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	106.25	106.47	106.91	106.93	107.51	108.07	108.88
Change (%)	-0.64%	-0.43%	-0.02%	-	+0.54%	+1.07%	+1.82%
Change	-0.68	-0.46	-0.02	-	+0.58	+1.14	+1.95
Level	Major	Intermediate	Intermediate	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.55	105.46	106.15	107.06	107.75	108.66	109.35
Camarilla	106.40	106.55	106.69	106.84	106.99	107.13	107.28
Woodie	104.44	105.41	106.04	107.01	107.64	108.61	109.24
Fibonacci	105.46	106.07	106.45	107.06	107.67	108.05	108.66

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):	47.26
MACD (12,26,9):	-0.0300
Directional Movement:	7.79
AROON (14):	50.00
DEMA (21):	106.90
Parabolic SAR (0,02-0,02-0,2):	106.38
Elder Ray (13):	0.08
Super Trend (3,10):	107.42
Zig ZAG (10):	106.87
VORTEX (21):	0.9100
Stochastique (14,3,5):	74.07
TEMA (21):	106.94
Williams %R (14):	-28.40
Chande Momentum Oscillator (20):	0.28
Repulse (5,40,3):	-0.0500
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.06

MA7:	107.44
MA20:	107.58
MA50:	112.64
MA100:	113.11
MAexp7:	106.95
MAexp20:	106.94
MAexp50:	107.05
MAexp100:	107.21
Price / MA7:	-0.47%
Price / MA20:	-0.60%
Price / MA50:	-5.07%
Price / MA100:	-5.46%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.01%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.26%

Quotes : - Real time data - 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:

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

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