CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 08/02/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 88.86 JPY

My targets

87.06 JPY (-0.88)

85.91 JPY (-2.03)

My analysis

The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAD/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 88.86 JPY. The next bearish objective for sellers is set at 87.06 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 85.91 JPY. In case of crossing, the next objective would be the support located at 84.47 JPY. In the event of a bullish break in the resistance located at 88.86 JPY a certain indecision would take hold.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.5

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 rating is 87.94 JPY. The price registered a decrease of -0.05% on the session with the lowest point at 87.78 JPY and the highest point at 88.03 JPY. The deviation from the price is +0.18% for the low point and -0.10% for the high point.

87.78

88.03

87.94

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CAD/JPY chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	84.47	85.91	87.06	87.94	88.86	91.10	100.73
Change (%)	-3.95%	-2.31%	-1.00%	-	+1.05%	+3.59%	+14.54%
Change	-3.47	-2.03	-0.88	-	+0.92	+3.16	+12.79
Level	Major	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	81.57	83.50	87.23	89.16	92.89	94.82	98.55
Camarilla	89.41	89.93	90.45	90.97	91.49	92.01	92.53
Woodie	82.48	83.95	88.14	89.61	93.80	95.27	99.46
Fibonacci	83.50	85.66	87.00	89.16	91.32	92.66	94.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.47	75.42	83.19	87.14	94.91	98.86	106.63
Camarilla	87.75	88.82	89.90	90.97	92.04	93.12	94.19
Woodie	73.39	76.38	85.11	88.10	96.83	99.82	108.55
Fibonacci	75.42	79.89	82.66	87.14	91.61	94.38	98.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.57	83.50	87.23	89.16	92.89	94.82	98.55
Camarilla	89.41	89.93	90.45	90.97	91.49	92.01	92.53
Woodie	82.48	83.95	88.14	89.61	93.80	95.27	99.46
Fibonacci	83.50	85.66	87.00	89.16	91.32	92.66	94.82

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):	48.62
MACD (12,26,9):	-0.4600
Directional Movement:	-13.42
AROON (14):	-28.57
DEMA (21):	87.39
Parabolic SAR (0,02-0,02-0,2):	85.42
Elder Ray (13):	0.06
Super Trend (3,10):	88.93
Zig ZAG (10):	88.10
VORTEX (21):	0.9300
Stochastique (14,3,5):	68.79
TEMA (21):	87.25
Williams %R (14):	-18.79
Chande Momentum Oscillator (20):	-0.23
Repulse (5,40,3):	0.9900
ROCnROLL:	-1
TRIX (15,9):	-0.1000
Courbe Coppock:	2.32

MA7:	87.76
MA20:	87.98
MA50:	89.30
MA100:	88.63
MAexp7:	87.72
MAexp20:	88.04
MAexp50:	88.55
MAexp100:	87.88
Price / MA7:	+0.21%
Price / MA20:	-0.05%
Price / MA50:	-1.52%
Price / MA100:	-0.78%
Price / MAexp7:	+0.25%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.69%
Price / MAexp100:	+0.07%

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:

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

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