CAD/JPY - Daily - Technical analysis published on 10/22/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 80.85 JPY
My targets
78.04 JPY (-1.43)
76.90 JPY (-2.57)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CAD/JPY as long as the price remains well below 80.85 JPY. The next bearish objective for sellers is set at 78.04 JPY. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 76.90 JPY. If there is any crossing, the next objective would be the support located at 74.85 JPY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/JPY rating is 79.47 JPY. The price registered a decrease of -0.14% on the session and was traded between 79.45 JPY and 79.59 JPY over the period. The price is currently at +0.03% from its lowest and -0.15% from its highest.79.45
79.59
79.47
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of CAD/JPY indicates that the overall trend is bearish. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 76.90 | 78.04 | 79.34 | 79.47 | 80.85 | 81.66 | 82.75 |
| Change (%) | -3.23% | -1.80% | -0.16% | - | +1.74% | +2.76% | +4.13% |
| Change | -2.57 | -1.43 | -0.13 | - | +1.38 | +2.19 | +3.28 |
| 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 | 78.25 | 78.87 | 79.23 | 79.85 | 80.21 | 80.83 | 81.19 |
| Camarilla | 79.31 | 79.40 | 79.49 | 79.58 | 79.67 | 79.76 | 79.85 |
| Woodie | 78.11 | 78.81 | 79.09 | 79.79 | 80.07 | 80.77 | 81.05 |
| Fibonacci | 78.87 | 79.25 | 79.48 | 79.85 | 80.23 | 80.46 | 80.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.13 | 78.79 | 79.34 | 80.00 | 80.55 | 81.21 | 81.76 |
| Camarilla | 79.57 | 79.68 | 79.79 | 79.90 | 80.01 | 80.12 | 80.23 |
| Woodie | 78.09 | 78.76 | 79.30 | 79.97 | 80.51 | 81.18 | 81.72 |
| Fibonacci | 78.79 | 79.25 | 79.53 | 80.00 | 80.46 | 80.74 | 81.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.81 | 76.59 | 77.91 | 79.69 | 81.01 | 82.79 | 84.11 |
| Camarilla | 78.38 | 78.66 | 78.95 | 79.23 | 79.51 | 79.80 | 80.08 |
| Woodie | 74.58 | 76.48 | 77.68 | 79.58 | 80.78 | 82.68 | 83.88 |
| Fibonacci | 76.59 | 77.77 | 78.51 | 79.69 | 80.87 | 81.61 | 82.79 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.07 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -4.96 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 79.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.53 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 80.55 | |
| Zig ZAG (10): | 79.45 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 51.13 | |
| TEMA (21): | 79.88 | |
| Williams %R (14): | -76.47 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.62 |
| MA7: | 79.84 | |
| MA20: | 79.69 | |
| MA50: | 80.03 | |
| MA100: | 79.63 | |
| MAexp7: | 79.82 | |
| MAexp20: | 79.81 | |
| MAexp50: | 79.77 | |
| MAexp100: | 79.61 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -0.20% | |
| Price / MAexp7: | -0.44% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.18% |
Quotes :
2020-10-22 01:46:47
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Real time data
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Forex
News
The latest news and videos published on CAD/JPY at the time of the analysis were as follows:
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Quick Takes Video: BoC Hike Pushes CAD/JPY To Key Resistance, Now What?
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Technical Focus: CAD/JPY - Getting Ready for the Next Big Level
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Harmony Stalking an Opportunity on CAD/JPY
This member declared not having a position on this financial instrument or a related financial instrument.
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