CAD/JPY - 1H - Technical analysis published on 11/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 109.26 JPY
My targets
108.72 JPY (-0.35)
107.84 JPY (-1.23)
My analysis
The bearish trend is currently very strong for CAD/JPY. As long as the price remains below the resistance at 109.26 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 108.72 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 107.84 JPY as an objective. Crossing it would then enable sellers to target 106.19 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The CAD/JPY price is 109.07 JPY. The price has increased by +0.06% since the last closing and was traded between 108.97 JPY and 109.22 JPY over the period. The price is currently at +0.09% from its lowest and -0.14% from its highest.108.97
109.22
109.07
Here is a more detailed summary of the historical variations registered by CAD/JPY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
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
Technical analysis of CAD/JPY in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong 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.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 106.19 | 107.84 | 108.72 | 109.07 | 109.26 | 109.49 | 109.77 |
| Change (%) | -2.64% | -1.13% | -0.32% | - | +0.17% | +0.39% | +0.64% |
| Change | -2.88 | -1.23 | -0.35 | - | +0.19 | +0.42 | +0.70 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Intermediate |
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 | 107.71 | 108.22 | 108.61 | 109.12 | 109.51 | 110.02 | 110.41 |
| Camarilla | 108.76 | 108.85 | 108.93 | 109.01 | 109.09 | 109.18 | 109.26 |
| Woodie | 107.66 | 108.19 | 108.56 | 109.09 | 109.46 | 109.99 | 110.36 |
| Fibonacci | 108.22 | 108.56 | 108.77 | 109.12 | 109.46 | 109.67 | 110.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.30 | 107.51 | 108.26 | 109.47 | 110.22 | 111.43 | 112.18 |
| Camarilla | 108.47 | 108.65 | 108.83 | 109.01 | 109.19 | 109.37 | 109.55 |
| Woodie | 106.07 | 107.40 | 108.03 | 109.36 | 109.99 | 111.32 | 111.95 |
| Fibonacci | 107.51 | 108.26 | 108.72 | 109.47 | 110.22 | 110.68 | 111.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.68 | 106.08 | 107.56 | 108.96 | 110.44 | 111.84 | 113.32 |
| Camarilla | 108.25 | 108.51 | 108.78 | 109.04 | 109.30 | 109.57 | 109.83 |
| Woodie | 104.72 | 106.10 | 107.60 | 108.98 | 110.48 | 111.86 | 113.36 |
| Fibonacci | 106.08 | 107.18 | 107.86 | 108.96 | 110.06 | 110.74 | 111.84 |
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): | 38.54 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -10.15 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 108.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.75 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 109.32 | |
| Zig ZAG (10): | 109.01 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 47.17 | |
| TEMA (21): | 108.94 | |
| Williams %R (14): | -52.46 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.50 |
| MA7: | 109.74 | |
| MA20: | 109.23 | |
| MA50: | 109.37 | |
| MA100: | 108.27 | |
| MAexp7: | 109.06 | |
| MAexp20: | 109.16 | |
| MAexp50: | 109.48 | |
| MAexp100: | 109.66 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | +0.74% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.54% |
Quotes :
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Real time data
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Forex
News
The last news published on CAD/JPY at the time of the generation of this analysis was as follows:
-
CAD/JPY Forecast March 7, 2023
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CAD/JPY Forecast October 4, 2022
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CAD/JPY Forecast September 19, 2022
-
USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
-
S&P 500 Breaks Resistance and Immediately Stalls as CADJPY Explodes Higher
This member declared not having a position on this financial instrument or a related financial instrument.
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