CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 10/25/2020 (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%

33%

39%

My opinion

Bearish under 80.85 JPY

My targets

78.04 JPY (-1.54)

76.90 JPY (-2.68)

My analysis

There is a bearish trend on CAD/JPY both at the basic level and in the short term. A sale could be considered, so long as the price remains below 80.85 JPY. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 78.04 JPY. Then the price could move towards 76.90 JPY. Then 74.85 JPY by extension. Be careful, a return to above the resistance 80.85 JPY would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.8

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 Jlozano2012. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/JPY rating is 79.58 JPY. The price registered a decrease of -0.28% on the session and was traded between 79.55 JPY and 79.76 JPY over the period. The price is currently at +0.04% from its lowest and -0.23% from its highest.

79.55

79.76

79.58

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of CAD/JPY in Daily shows an overall bearish trend. 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 bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	76.90	78.04	79.34	79.58	80.85	81.66	82.75
Change (%)	-3.37%	-1.94%	-0.30%	-	+1.60%	+2.61%	+3.98%
Change	-2.68	-1.54	-0.24	-	+1.27	+2.08	+3.17
Level	Minor	Intermediate	Major	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.35	79.47	79.63	79.75	79.91	80.03	80.19
Camarilla	79.71	79.76	79.80	79.85	79.90	79.95	79.99
Woodie	79.07	79.24	79.59	79.76	80.11	80.28	80.63
Fibonacci	79.20	79.40	79.53	79.72	79.92	80.05	80.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.17	78.79	79.29	79.91	80.41	81.03	81.53
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):	49.59
MACD (12,26,9):	0.0400
Directional Movement:	-5.16
AROON (14):	35.71
DEMA (21):	79.88
Parabolic SAR (0,02-0,02-0,2):	80.49
Elder Ray (13):	-0.15
Super Trend (3,10):	80.55
Zig ZAG (10):	79.80
VORTEX (21):	1.1000
Stochastique (14,3,5):	44.39
TEMA (21):	79.95
Williams %R (14):	-58.22
Chande Momentum Oscillator (20):	-0.12
Repulse (5,40,3):	0.0300
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	1.25

MA7:	79.88
MA20:	79.79
MA50:	80.01
MA100:	79.60
MAexp7:	79.88
MAexp20:	79.82
MAexp50:	79.78
MAexp100:	79.62
Price / MA7:	-0.38%
Price / MA20:	-0.26%
Price / MA50:	-0.54%
Price / MA100:	-0.03%
Price / MAexp7:	-0.38%
Price / MAexp20:	-0.30%
Price / MAexp50:	-0.25%
Price / MAexp100:	-0.05%

Quotes : 2020-10-25 23:02:03 - Real time data - Forex

News

The last news published on CAD/JPY at the time of the generation of this analysis was as follows:

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

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