CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Weekly - Technical analysis published on 10/21/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

50%

17%

33%

My opinion

Bearish under 109.98 JPY

My targets

106.25 JPY (-2.31)

99.79 JPY (-8.77)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CAD/JPY as long as the price remains well below 109.98 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 99.79 JPY. If there is any crossing, the next objective would be the support located at 95.15 JPY.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.7

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

Additional analysis

Quotes

CAD/JPY rating 108.56 JPY. The price registered an increase of +0.08% over 5 days and was traded between 107.99 JPY and 108.97 JPY over the period. The price is currently at +0.53% from its lowest point and -0.38% from its highest point.

107.99

108.97

108.56

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this CAD/JPY chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Weekly

In fact, only 9 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	91.15	95.15	106.25	108.56	109.98	115.82	118.67
Change (%)	-16.04%	-12.35%	-2.13%	-	+1.31%	+6.69%	+9.31%
Change	-17.41	-13.41	-2.31	-	+1.42	+7.26	+10.11
Level	Intermediate	Intermediate	Major	-	Major	Intermediate	Major

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	107.45	107.83	108.11	108.49	108.77	109.15	109.43
Camarilla	108.20	108.26	108.32	108.38	108.44	108.50	108.56
Woodie	107.39	107.81	108.05	108.47	108.71	109.13	109.37
Fibonacci	107.83	108.09	108.24	108.49	108.75	108.90	109.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.46	107.08	107.73	108.35	109.00	109.62	110.27
Camarilla	108.03	108.15	108.26	108.38	108.50	108.61	108.73
Woodie	106.48	107.09	107.75	108.36	109.02	109.63	110.29
Fibonacci	107.08	107.57	107.87	108.35	108.84	109.14	109.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	96.78	99.79	103.03	106.04	109.28	112.29	115.53
Camarilla	104.54	105.11	105.69	106.26	106.83	107.41	107.98
Woodie	96.89	99.85	103.14	106.10	109.39	112.35	115.64
Fibonacci	99.79	102.18	103.66	106.04	108.43	109.91	112.29

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):	47.86
MACD (12,26,9):	-1.1500
Directional Movement:	-9.04
AROON (14):	-21.43
DEMA (21):	107.60
Parabolic SAR (0,02-0,02-0,2):	101.97
Elder Ray (13):	-0.02
Super Trend (3,10):	113.73
Zig ZAG (10):	108.55
VORTEX (21):	0.9000
Stochastique (14,3,5):	46.05
TEMA (21):	106.38
Williams %R (14):	-47.73
Chande Momentum Oscillator (20):	2.94
Repulse (5,40,3):	1.0600
ROCnROLL:	-1
TRIX (15,9):	-0.1500
Courbe Coppock:	11.13

MA7:	108.50
MA20:	107.99
MA50:	107.01
MA100:	110.35
MAexp7:	107.90
MAexp20:	108.99
MAexp50:	109.38
MAexp100:	106.92
Price / MA7:	+0.06%
Price / MA20:	+0.53%
Price / MA50:	+1.45%
Price / MA100:	-1.62%
Price / MAexp7:	+0.61%
Price / MAexp20:	-0.39%
Price / MAexp50:	-0.75%
Price / MAexp100:	+1.53%

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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