CAD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 06/21/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

78%

My opinion

Bearish under 91.17 JPY

My targets

87.39 JPY (-1.16)

85.73 JPY (-2.82)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CAD/JPY as long as the price remains well below 91.17 JPY. The next bearish objective for sellers is set at 87.39 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 85.73 JPY. In case of crossing, the next objective would be the support located at 84.47 JPY. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 87.39 JPY. With this support, against the trend traders who want to buy CAD/JPY on a buy signal from their trading strategy should not hesitate to act.

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

2.3

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

Additional analysis

Quotes

The CAD/JPY price is 88.55 JPY. The price has increased by +0.14% since the last closing with the lowest point at 87.96 JPY and the highest point at 88.64 JPY. The deviation from the price is +0.67% for the low point and -0.10% for the high point.

87.96

88.64

88.55

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

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CAD/JPY chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

SuperTrend indicator bearish reversal

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

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:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	81.49	84.47	85.73	88.55	88.86	91.17	100.73
Change (%)	-7.97%	-4.61%	-3.18%	-	+0.35%	+2.96%	+13.75%
Change	-7.06	-4.08	-2.82	-	+0.31	+2.62	+12.18
Level	Intermediate	Major	Intermediate	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.04	87.69	88.06	88.71	89.08	89.73	90.10
Camarilla	88.15	88.24	88.34	88.43	88.52	88.62	88.71
Woodie	86.90	87.62	87.92	88.64	88.94	89.66	89.96
Fibonacci	87.69	88.08	88.32	88.71	89.10	89.34	89.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	85.19	86.76	87.60	89.17	90.01	91.58	92.42
Camarilla	87.77	87.99	88.21	88.43	88.65	88.87	89.09
Woodie	84.82	86.58	87.23	88.99	89.64	91.40	92.05
Fibonacci	86.76	87.68	88.25	89.17	90.09	90.66	91.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.34	87.39	89.08	90.13	91.82	92.87	94.56
Camarilla	90.03	90.28	90.53	90.78	91.03	91.28	91.53
Woodie	86.67	87.55	89.41	90.29	92.15	93.03	94.89
Fibonacci	87.39	88.43	89.08	90.13	91.17	91.82	92.87

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):	34.61
MACD (12,26,9):	-0.1000
Directional Movement:	-20.66
AROON (14):	-100.00
DEMA (21):	89.96
Parabolic SAR (0,02-0,02-0,2):	90.75
Elder Ray (13):	-1.50
Super Trend (3,10):	90.21
Zig ZAG (10):	88.55
VORTEX (21):	0.8400
Stochastique (14,3,5):	12.65
TEMA (21):	89.36
Williams %R (14):	-80.56
Chande Momentum Oscillator (20):	-2.50
Repulse (5,40,3):	-0.9900
ROCnROLL:	2
TRIX (15,9):	0.0400
Courbe Coppock:	2.45

MA7:	89.68
MA20:	90.29
MA50:	89.27
MA100:	87.32
MAexp7:	89.42
MAexp20:	89.91
MAexp50:	89.21
MAexp100:	87.50
Price / MA7:	-1.26%
Price / MA20:	-1.93%
Price / MA50:	-0.81%
Price / MA100:	+1.41%
Price / MAexp7:	-0.97%
Price / MAexp20:	-1.51%
Price / MAexp50:	-0.74%
Price / MAexp100:	+1.20%

Quotes : - 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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