CAD/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 09/09/2021 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 86.96 JPY

My targets

85.73 JPY (-0.73)

84.47 JPY (-1.99)

My analysis

In the short term, we can see an acceleration in the bearish trend on CAD/JPY, which is a positive signal for sellers. As long as the price remains above 86.96 JPY, a sale could be considered. The first bearish objective is located at 85.73 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 84.47 JPY as an objective. Crossing it would then enable sellers to target 83.26 JPY. If the price were to return above 86.96 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

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

Force

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

CAD/JPY rating 86.46 JPY. The price is lower by -0.42% since the last closing with the lowest point at 86.41 JPY and the highest point at 86.84 JPY. The deviation from the price is +0.06% for the low point and -0.44% for the high point.

86.41

86.84

86.46

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:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CAD/JPY indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	83.26	84.47	85.73	86.46	86.96	88.86	90.04
Change (%)	-3.70%	-2.30%	-0.84%	-	+0.58%	+2.78%	+4.14%
Change	-3.20	-1.99	-0.73	-	+0.50	+2.40	+3.58
Level	Minor	Major	Major	-	Intermediate	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	85.50	85.97	86.40	86.87	87.30	87.77	88.20
Camarilla	86.57	86.66	86.74	86.82	86.90	86.99	87.07
Woodie	85.47	85.96	86.37	86.86	87.27	87.76	88.17
Fibonacci	85.97	86.32	86.53	86.87	87.22	87.43	87.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	85.92	86.36	87.00	87.44	88.08	88.52	89.16
Camarilla	87.33	87.43	87.53	87.63	87.73	87.83	87.93
Woodie	86.01	86.41	87.09	87.49	88.17	88.57	89.25
Fibonacci	86.36	86.78	87.03	87.44	87.86	88.11	88.52

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.31	82.99	85.11	86.79	88.91	90.59	92.71
Camarilla	86.19	86.53	86.88	87.23	87.58	87.93	88.28
Woodie	81.53	83.10	85.33	86.90	89.13	90.70	92.93
Fibonacci	82.99	84.44	85.34	86.79	88.24	89.14	90.59

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):	40.36
MACD (12,26,9):	-0.1500
Directional Movement:	-14.27
AROON (14):	71.43
DEMA (21):	86.92
Parabolic SAR (0,02-0,02-0,2):	86.14
Elder Ray (13):	-0.47
Super Trend (3,10):	85.70
Zig ZAG (10):	86.50
VORTEX (21):	0.8800
Stochastique (14,3,5):	62.88
TEMA (21):	87.07
Williams %R (14):	-57.44
Chande Momentum Oscillator (20):	-0.61
Repulse (5,40,3):	-0.9300
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.05

MA7:	87.23
MA20:	86.95
MA50:	87.52
MA100:	88.67
MAexp7:	87.05
MAexp20:	87.15
MAexp50:	87.58
MAexp100:	87.56
Price / MA7:	-0.88%
Price / MA20:	-0.56%
Price / MA50:	-1.21%
Price / MA100:	-2.49%
Price / MAexp7:	-0.68%
Price / MAexp20:	-0.79%
Price / MAexp50:	-1.28%
Price / MAexp100:	-1.26%

Quotes : - Real time data - Forex

News

The latest news and videos published on CAD/JPY at the time of the analysis were as follows:

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

About author

Londinia AI

Online

Overall rating :

15098

Number of analyses :

72226

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…