CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: CADJPY
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CAD/JPY - 15 min. - Technical analysis published on 12/26/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
44%
0%
56%
My opinion
Bullish above 109.42 JPY
My targets
109.49 JPY (+0.04)
109.52 JPY (+0.07)
My analysis
The basic trend is bullish on CAD/JPY and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 109.42 JPY. Sellers would then use the next support located at 109.38 JPY as an objective. Crossing it would then enable sellers to target 109.35 JPY. If there is a return to above the resistance located at 109.49 JPY, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 109.52 JPY and 109.56 JPY by extension.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2

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:
1H Daily Weekly

Additional analysis

Quotes

CAD/JPY rating 109.45 JPY. On the day, this instrument lost -0.03% and was traded between 109.42 JPY and 109.49 JPY over the period. The price is currently at +0.03% from its lowest and -0.04% from its highest.

109.42
109.49
109.45

Here is a more detailed summary of the historical variations registered by CAD/JPY:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CAD/JPY in 15 min. shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 108.69 108.94 109.42 109.45 109.98 111.26 113.43
Change (%) -0.69% -0.47% -0.03% - +0.48% +1.65% +3.64%
Change -0.76 -0.51 -0.03 - +0.53 +1.81 +3.98
Level Intermediate Intermediate Intermediate - 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
Standard109.35109.38109.42109.45109.49109.52109.56
Camarilla109.43109.44109.44109.45109.46109.46109.47
Woodie109.35109.38109.42109.45109.49109.52109.56
Fibonacci109.38109.41109.43109.45109.48109.50109.52


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.98105.39107.10108.51110.22111.63113.34
Camarilla107.96108.25108.53108.82109.11109.39109.68
Woodie104.14105.47107.26108.59110.38111.71113.50
Fibonacci105.39106.58107.32108.51109.70110.44111.63


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard100.49103.63105.28108.42110.07113.21114.86
Camarilla105.61106.05106.49106.93107.37107.81108.25
Woodie99.75103.26104.54108.05109.33112.84114.12
Fibonacci103.63105.46106.59108.42110.25111.38113.21

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): 53.50
MACD (12,26,9): 0.0100
Directional Movement: -8.65
AROON (14): 50.00
DEMA (21): 109.50
Parabolic SAR (0,02-0,02-0,2): 109.38
Elder Ray (13): 0.01
Super Trend (3,10): 109.58
Zig ZAG (10): 109.51
VORTEX (21): 1.0200
Stochastique (14,3,5): 77.27
TEMA (21): 109.51
Williams %R (14): -22.73
Chande Momentum Oscillator (20): 0.09
Repulse (5,40,3): 0.0300
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.09
MA7: 108.69
MA20: 107.68
MA50: 109.01
MA100: 107.96
MAexp7: 109.51
MAexp20: 109.49
MAexp50: 109.47
MAexp100: 109.42
Price / MA7: +0.70%
Price / MA20: +1.64%
Price / MA50: +0.40%
Price / MA100: +1.38%
Price / MAexp7: -0.05%
Price / MAexp20: -0.04%
Price / MAexp50: -0.02%
Price / MAexp100: +0.03%

Quotes : - Real time data - Forex

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

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