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CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
ISIN:

CAD/JPY - 15 min. - Technical analysis published on 01/24/2024 (GMT)

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Londinia
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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: Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 109.88 JPY
My targets
108.87 JPY (-0.30)
108.51 JPY (-0.66)
My analysis
The bearish trend is currently very strong for CAD/JPY. As long as the price remains below the resistance at 109.88 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 108.87 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 108.51 JPY as an objective. Crossing it would then enable sellers to target 107.85 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 confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.2

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.

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

Additional analysis

Quotes

The CAD/JPY rating is 109.17 JPY. The price is lower by -0.91% since the last closing and was traded between 109.16 JPY and 110.18 JPY over the period. The price is currently at +0.01% from its lowest and -0.92% from its highest.

109.16
110.18
109.17

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CAD/JPY in 15 min. 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, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 106.19 107.85 108.78 109.17 109.25 109.90 110.58
Change (%) -2.73% -1.21% -0.36% - +0.07% +0.67% +1.29%
Change -2.98 -1.32 -0.39 - +0.08 +0.73 +1.41
Level Major Major Minor - Major Minor Major



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
Standard108.51108.87109.52109.88110.53110.89111.54
Camarilla109.89109.99110.08110.17110.26110.36110.45
Woodie108.66108.94109.67109.95110.68110.96111.69
Fibonacci108.87109.26109.49109.88110.27110.50110.89


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard106.43107.24108.77109.58111.11111.92113.45
Camarilla109.66109.87110.09110.30110.52110.73110.94
Woodie106.79107.42109.13109.76111.47112.10113.81
Fibonacci107.24108.13108.69109.58110.47111.03111.92


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard98.44101.33103.88106.77109.32112.21114.76
Camarilla104.93105.43105.93106.43106.93107.43107.93
Woodie98.27101.25103.71106.69109.15112.13114.59
Fibonacci101.33103.41104.69106.77108.85110.13112.21

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 22.94
MACD (12,26,9): -0.1300
Directional Movement: -25.50
AROON (14): -92.86
DEMA (21): 109.36
Parabolic SAR (0,02-0,02-0,2): 109.42
Elder Ray (13): -0.16
Super Trend (3,10): 109.56
Zig ZAG (10): 109.30
VORTEX (21): 0.7700
Stochastique (14,3,5): 12.29
TEMA (21): 109.30
Williams %R (14): -85.42
Chande Momentum Oscillator (20): -0.37
Repulse (5,40,3): -0.0700
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.64
MA7: 109.76
MA20: 108.45
MA50: 108.21
MA100: 108.73
MAexp7: 109.34
MAexp20: 109.52
MAexp50: 109.69
MAexp100: 109.80
Price / MA7: -0.54%
Price / MA20: +0.66%
Price / MA50: +0.89%
Price / MA100: +0.40%
Price / MAexp7: -0.16%
Price / MAexp20: -0.32%
Price / MAexp50: -0.47%
Price / MAexp100: -0.57%

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
Londinia AI

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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…

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