CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: CADJPY
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CAD/JPY - 15 min. - Technical analysis published on 01/07/2022 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 91.34 JPY
My targets
90.82 JPY (-0.22)
90.49 JPY (-0.55)
My analysis
The strong short-term decline in CAD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 91.34 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 90.82 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 90.49 JPY as an objective. Crossing it would then enable sellers to target 89.97 JPY. Be careful, a return to above 91.34 JPY could jeopardize the reversal.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.4

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The CAD/JPY price is 91.04 JPY. The price has increased by +0.03% since the last closing and was traded between 91.00 JPY and 91.27 JPY over the period. The price is currently at +0.04% from its lowest and -0.25% from its highest.

91.00
91.27
91.04

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:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this CAD/JPY chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

MACD indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



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 : 15 minutes


Support of channel is broken

Type : Bearish

Timeframe : 15 minutes



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 89.43 89.88 90.30 91.04 91.14 91.67 92.18
Change (%) -1.77% -1.27% -0.81% - +0.11% +0.69% +1.25%
Change -1.61 -1.16 -0.74 - +0.10 +0.63 +1.14
Level Minor Minor Intermediate - Major Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard89.6489.9790.4990.8291.3491.6792.19
Camarilla90.7890.8590.9391.0191.0991.1791.24
Woodie89.7490.0290.5990.8791.4491.7292.29
Fibonacci89.9790.3090.5090.8291.1591.3591.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard87.6588.4289.7290.4991.7992.5693.86
Camarilla90.4590.6490.8391.0291.2191.4091.59
Woodie87.9288.5589.9990.6292.0692.6994.13
Fibonacci88.4289.2189.7090.4991.2891.7792.56


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard84.7386.0988.5589.9192.3793.7396.19
Camarilla89.9790.3290.6791.0291.3791.7292.07
Woodie85.2986.3789.1190.1992.9394.0196.75
Fibonacci86.0987.5588.4589.9191.3792.2793.73

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): 38.57
MACD (12,26,9): -0.0100
Directional Movement: -10.83
AROON (14): -21.43
DEMA (21): 91.14
Parabolic SAR (0,02-0,02-0,2): 91.21
Elder Ray (13): -0.07
Super Trend (3,10): 91.25
Zig ZAG (10): 91.04
VORTEX (21): 0.9600
Stochastique (14,3,5): 18.86
TEMA (21): 91.09
Williams %R (14): -86.36
Chande Momentum Oscillator (20): -0.13
Repulse (5,40,3): -0.0900
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.09
MA7: 90.89
MA20: 89.60
MA50: 90.00
MA100: 89.33
MAexp7: 91.10
MAexp20: 91.14
MAexp50: 91.09
MAexp100: 91.03
Price / MA7: +0.17%
Price / MA20: +1.61%
Price / MA50: +1.16%
Price / MA100: +1.91%
Price / MAexp7: -0.07%
Price / MAexp20: -0.11%
Price / MAexp50: -0.05%
Price / MAexp100: +0.01%

Quotes : - Real time data - Forex

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

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