CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 10/27/2020 (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
17%
50%
33%
My opinion
Bearish under 80.52 JPY
My targets
78.76 JPY (-0.64)
76.90 JPY (-2.50)
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 80.52 JPY. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 78.76 JPY. Then the price could move towards 76.90 JPY. Then 75.85 JPY by extension. Be careful, a return to above the resistance 80.52 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, 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
0
10
4.6

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:
15 min. 1H Weekly

Additional analysis

Quotes

The CAD/JPY price is 79.40 JPY. On the day, this instrument gained +0.03% and was between 79.30 JPY and 79.45 JPY. This implies that the price is at +0.13% from its lowest and at -0.06% from its highest.

79.30
79.45
79.40

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

Technical


A technical analysis in Daily of this CAD/JPY chart shows a 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. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

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 100

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily



An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


MACD indicator is back under 0

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily


Support of triangle is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 75.85 76.90 78.76 79.40 80.52 81.49 82.75
Change (%) -4.47% -3.15% -0.81% - +1.41% +2.63% +4.22%
Change -3.55 -2.50 -0.64 - +1.12 +2.09 +3.35
Level Minor Minor 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
Standard78.7379.0179.2079.4879.6779.9580.14
Camarilla79.2579.2979.3479.3879.4279.4779.51
Woodie78.6878.9979.1579.4679.6279.9380.09
Fibonacci79.0179.1979.3079.4879.6679.7779.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard78.1778.7979.2979.9180.4181.0381.53
Camarilla79.4979.6079.7079.8079.9080.0180.11
Woodie78.1278.7679.2479.8880.3681.0081.48
Fibonacci78.7979.2279.4879.9180.3480.6081.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard74.8176.5977.9179.6981.0182.7984.11
Camarilla78.3878.6678.9579.2379.5179.8080.08
Woodie74.5876.4877.6879.5880.7882.6883.88
Fibonacci76.5977.7778.5179.6980.8781.6182.79

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 45.23
MACD (12,26,9): -0.0300
Directional Movement: -8.28
AROON (14): 21.43
DEMA (21): 79.73
Parabolic SAR (0,02-0,02-0,2): 80.38
Elder Ray (13): -0.37
Super Trend (3,10): 80.55
Zig ZAG (10): 79.40
VORTEX (21): 1.0600
Stochastique (14,3,5): 20.24
TEMA (21): 79.72
Williams %R (14): -92.59
Chande Momentum Oscillator (20): -1.13
Repulse (5,40,3): -0.3200
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.11
MA7: 79.76
MA20: 79.81
MA50: 79.99
MA100: 79.59
MAexp7: 79.67
MAexp20: 79.76
MAexp50: 79.75
MAexp100: 79.61
Price / MA7: -0.45%
Price / MA20: -0.51%
Price / MA50: -0.74%
Price / MA100: -0.24%
Price / MAexp7: -0.34%
Price / MAexp20: -0.45%
Price / MAexp50: -0.44%
Price / MAexp100: -0.26%

Quotes : 2020-10-27 01:58:48 - Real time data - Forex

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

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