CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
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CAD/JPY - 1H - Technical analysis published on 10/28/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

11%

50%

39%

My opinion

Neutral between 109.35 JPY and 109.98 JPY

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bullish trend on CAD/JPY. It is difficult to advise a trading direction under these conditions. The first resistance is located at 109.98 JPY. The first support is located at 109.35 JPY. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.

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

The CAD/JPY price is 109.85 JPY. The price registered an increase of +0.17% on the session and was traded between 109.76 JPY and 110.73 JPY over the period. The price is currently at +0.08% from its lowest and -0.79% from its highest.

109.76

110.73

109.85

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CAD/JPY in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	108.47	108.78	109.35	109.85	109.98	110.65	112.09
Change (%)	-1.26%	-0.97%	-0.46%	-	+0.12%	+0.73%	+2.04%
Change	-1.38	-1.07	-0.50	-	+0.13	+0.80	+2.24
Level	Minor	Major	Minor	-	Major	Intermediate	Intermediate

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	108.78	109.07	109.36	109.65	109.94	110.23	110.52
Camarilla	109.50	109.55	109.61	109.66	109.71	109.77	109.82
Woodie	108.79	109.07	109.37	109.65	109.95	110.23	110.53
Fibonacci	109.07	109.29	109.43	109.65	109.87	110.01	110.23

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.56	106.77	108.22	109.43	110.88	112.09	113.54
Camarilla	108.93	109.17	109.42	109.66	109.90	110.15	110.39
Woodie	105.67	106.83	108.33	109.49	110.99	112.15	113.65
Fibonacci	106.77	107.79	108.42	109.43	110.45	111.08	112.09

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):	45.21
MACD (12,26,9):	0.0600
Directional Movement:	-2.02
AROON (14):	-64.28
DEMA (21):	110.20
Parabolic SAR (0,02-0,02-0,2):	110.64
Elder Ray (13):	-0.20
Super Trend (3,10):	109.78
Zig ZAG (10):	109.92
VORTEX (21):	1.0100
Stochastique (14,3,5):	12.71
TEMA (21):	110.18
Williams %R (14):	-85.57
Chande Momentum Oscillator (20):	-0.54
Repulse (5,40,3):	-0.1500
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	0.29

MA7:	109.45
MA20:	108.80
MA50:	107.22
MA100:	110.15
MAexp7:	110.06
MAexp20:	110.10
MAexp50:	109.97
MAexp100:	109.77
Price / MA7:	+0.37%
Price / MA20:	+0.97%
Price / MA50:	+2.45%
Price / MA100:	-0.27%
Price / MAexp7:	-0.19%
Price / MAexp20:	-0.23%
Price / MAexp50:	-0.11%
Price / MAexp100:	+0.07%

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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