Londinia Opportunities Analyses - 11/27/2024 (GMT) CAD/JPY - 1H

- JPY (-)

- Real time data - Forex

Type:	Forex
Ticker:	CADJPY
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 108.75 JPY

My targets

107.60 JPY (-0.65)

106.25 JPY (-2.00)

My analysis

The bearish trend is currently very strong for CAD/JPY. As long as the price remains below the resistance at 108.75 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 107.60 JPY. The bearish momentum would be revived by a break in this support. 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. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

8.2

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Additional analysis

Quotes

The CAD/JPY price is 108.25 JPY. The price is lower by -0.53% since the last closing with the lowest point at 108.24 JPY and the highest point at 108.91 JPY. The deviation from the price is +0.01% for the low point and -0.61% for the high point.

108.24

108.91

108.25

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

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CAD/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

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	104.98	106.25	107.60	108.25	108.75	109.26	109.98
Change (%)	-3.02%	-1.85%	-0.60%	-	+0.46%	+0.93%	+1.60%
Change	-3.27	-2.00	-0.65	-	+0.50	+1.01	+1.73
Level	Minor	Intermediate	Minor	-	Major	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	107.42	108.00	108.41	108.99	109.40	109.98	110.39
Camarilla	108.56	108.65	108.74	108.83	108.92	109.01	109.10
Woodie	107.35	107.96	108.34	108.95	109.33	109.94	110.32
Fibonacci	108.00	108.38	108.61	108.99	109.37	109.60	109.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	107.14	108.19	109.45	110.50	111.76	112.81	114.07
Camarilla	110.07	110.28	110.49	110.70	110.91	111.12	111.34
Woodie	107.24	108.24	109.55	110.55	111.86	112.86	114.17
Fibonacci	108.19	109.08	109.62	110.50	111.39	111.93	112.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.47	103.66	106.36	108.55	111.25	113.44	116.14
Camarilla	107.73	108.17	108.62	109.07	109.52	109.97	110.42
Woodie	101.74	103.79	106.63	108.68	111.52	113.57	116.41
Fibonacci	103.66	105.53	106.68	108.55	110.42	111.57	113.44

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):	30.42
MACD (12,26,9):	-0.2800
Directional Movement:	-23.01
AROON (14):	-92.86
DEMA (21):	108.47
Parabolic SAR (0,02-0,02-0,2):	109.17
Elder Ray (13):	-0.37
Super Trend (3,10):	109.02
Zig ZAG (10):	108.25
VORTEX (21):	0.8400
Stochastique (14,3,5):	6.59
TEMA (21):	108.45
Williams %R (14):	-99.03
Chande Momentum Oscillator (20):	-0.92
Repulse (5,40,3):	-0.4100
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.74

MA7:	109.94
MA20:	110.07
MA50:	108.97
MA100:	108.70
MAexp7:	108.55
MAexp20:	108.84
MAexp50:	109.35
MAexp100:	109.82
Price / MA7:	-1.54%
Price / MA20:	-1.65%
Price / MA50:	-0.66%
Price / MA100:	-0.41%
Price / MAexp7:	-0.27%
Price / MAexp20:	-0.53%
Price / MAexp50:	-1.00%
Price / MAexp100:	-1.42%

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: