CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 08/23/2024 (GMT)

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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

44%

22%

33%

My opinion

Bearish under 108.88 JPY

My targets

106.25 JPY (-0.98)

104.98 JPY (-2.25)

My analysis

CAD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 108.88 JPY. The next support located at 106.25 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 104.98 JPY. Below this support, sellers could then target 102.41 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.4

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

CAD/JPY rating 107.23 JPY. The price registered a decrease of -0.23% on the session and was traded between 106.86 JPY and 107.88 JPY over the period. The price is currently at +0.35% from its lowest and -0.60% from its highest.

106.86

107.88

107.23

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 HIGH record (1 month)

Type : Bullish

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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

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	107.23	108.88	109.98	112.09
Change (%)	-4.50%	-2.10%	-0.91%	-	+1.54%	+2.56%	+4.53%
Change	-4.82	-2.25	-0.98	-	+1.65	+2.75	+4.86
Level	Minor	Intermediate	Major	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.86	106.28	106.88	107.30	107.90	108.32	108.92
Camarilla	107.20	107.29	107.39	107.48	107.57	107.67	107.76
Woodie	105.95	106.33	106.97	107.35	107.99	108.37	109.01
Fibonacci	106.28	106.67	106.91	107.30	107.69	107.93	108.32

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):	39.05
MACD (12,26,9):	-1.4000
Directional Movement:	-17.07
AROON (14):	57.14
DEMA (21):	106.20
Parabolic SAR (0,02-0,02-0,2):	105.41
Elder Ray (13):	-0.22
Super Trend (3,10):	109.22
Zig ZAG (10):	107.25
VORTEX (21):	0.9200
Stochastique (14,3,5):	73.33
TEMA (21):	106.22
Williams %R (14):	-34.13
Chande Momentum Oscillator (20):	0.85
Repulse (5,40,3):	-0.2400
ROCnROLL:	2
TRIX (15,9):	-0.2400
Courbe Coppock:	0.39

MA7:	107.50
MA20:	107.41
MA50:	112.51
MA100:	113.07
MAexp7:	107.30
MAexp20:	108.27
MAexp50:	110.72
MAexp100:	111.76
Price / MA7:	-0.25%
Price / MA20:	-0.17%
Price / MA50:	-4.69%
Price / MA100:	-5.16%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.96%
Price / MAexp50:	-3.15%
Price / MAexp100:	-4.05%

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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