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 11/27/2023 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 109.50 JPY
My targets
109.01 JPY (-0.23)
108.41 JPY (-0.83)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/JPY. As long as you are under the resistance located at 109.50 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 109.01 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 108.41 JPY as an objective. Crossing it would then enable sellers to target 107.92 JPY. If the resistance 109.50 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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
10
0.7

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 udpx. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The CAD/JPY rating is 109.24 JPY. The price registered a decrease of -0.34% on the session with the lowest point at 109.01 JPY and the highest point at 109.78 JPY. The deviation from the price is +0.21% for the low point and -0.49% for the high point.

109.01
109.78
109.24

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of CAD/JPY indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 107.84 108.44 108.92 109.24 109.30 109.72 109.99
Change (%) -1.28% -0.73% -0.29% - +0.05% +0.44% +0.69%
Change -1.40 -0.80 -0.32 - +0.06 +0.48 +0.75
Level Major Minor Intermediate - Major Minor Intermediate



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
Standard107.92108.41109.01109.50110.10110.59111.19
Camarilla109.31109.41109.51109.61109.71109.81109.91
Woodie107.98108.44109.07109.53110.16110.62111.25
Fibonacci108.41108.83109.08109.50109.92110.17110.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.14106.18107.90108.94110.66111.70113.42
Camarilla108.85109.10109.36109.61109.86110.12110.37
Woodie105.47106.35108.23109.11110.99111.87113.75
Fibonacci106.18107.24107.89108.94110.00110.65111.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.68106.08107.56108.96110.44111.84113.32
Camarilla108.25108.51108.78109.04109.30109.57109.83
Woodie104.72106.10107.60108.98110.48111.86113.36
Fibonacci106.08107.18107.86108.96110.06110.74111.84

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): 46.54
MACD (12,26,9): -0.0600
Directional Movement: -1.15
AROON (14): 78.57
DEMA (21): 109.12
Parabolic SAR (0,02-0,02-0,2): 109.11
Elder Ray (13): 0.02
Super Trend (3,10): 109.33
Zig ZAG (10): 109.22
VORTEX (21): 0.8900
Stochastique (14,3,5): 68.00
TEMA (21): 109.15
Williams %R (14): -4.00
Chande Momentum Oscillator (20): 0.17
Repulse (5,40,3): 0.0900
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 0.10
MA7: 108.93
MA20: 109.32
MA50: 109.38
MA100: 108.32
MAexp7: 109.19
MAexp20: 109.22
MAexp50: 109.35
MAexp100: 109.39
Price / MA7: +0.28%
Price / MA20: -0.07%
Price / MA50: -0.13%
Price / MA100: +0.85%
Price / MAexp7: +0.05%
Price / MAexp20: +0.02%
Price / MAexp50: -0.10%
Price / MAexp100: -0.14%

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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