CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - 15 min. - Technical analysis published on 04/16/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 111.78 JPY

My targets

111.14 JPY (-0.48)

110.42 JPY (-1.20)

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 111.78 JPY, a sale could be considered. The first bearish objective is located at 111.14 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 110.42 JPY as an objective. Crossing it would then enable sellers to target 109.78 JPY. If the price were to return above 111.78 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.2

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 stebetrade. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/JPY price is 111.62 JPY. On the day, this instrument lost -0.22% with the lowest point at 111.30 JPY and the highest point at 112.26 JPY. The deviation from the price is +0.29% for the low point and -0.57% for the high point.

111.30

112.26

111.62

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 for higher/lower results shows the following items:

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

A technical analysis in 15 min. of this CAD/JPY chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 15 minutes

MACD indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : 15 minutes

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes

Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes

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

Long black line

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	110.87	111.11	111.40	111.62	111.78	112.09	112.42
Change (%)	-0.67%	-0.46%	-0.20%	-	+0.14%	+0.42%	+0.72%
Change	-0.75	-0.51	-0.22	-	+0.16	+0.47	+0.80
Level	Minor	Minor	Intermediate	-	Minor	Major	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	109.78	110.42	111.14	111.78	112.50	113.14	113.86
Camarilla	111.49	111.61	111.74	111.86	111.99	112.11	112.23
Woodie	109.82	110.44	111.18	111.80	112.54	113.16	113.90
Fibonacci	110.42	110.94	111.26	111.78	112.30	112.62	113.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.55	110.21	110.73	111.39	111.91	112.57	113.09
Camarilla	110.93	111.03	111.14	111.25	111.36	111.47	111.58
Woodie	109.48	110.18	110.66	111.36	111.84	112.54	113.02
Fibonacci	110.21	110.66	110.94	111.39	111.84	112.12	112.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.87	107.27	109.48	110.88	113.09	114.49	116.70
Camarilla	110.69	111.02	111.35	111.68	112.01	112.34	112.67
Woodie	106.27	107.47	109.88	111.08	113.49	114.69	117.10
Fibonacci	107.27	108.65	109.50	110.88	112.26	113.11	114.49

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):	40.96
MACD (12,26,9):	0.0000
Directional Movement:	-8.09
AROON (14):	-21.43
DEMA (21):	112.03
Parabolic SAR (0,02-0,02-0,2):	112.23
Elder Ray (13):	-0.12
Super Trend (3,10):	112.20
Zig ZAG (10):	111.84
VORTEX (21):	0.9800
Stochastique (14,3,5):	12.75
TEMA (21):	111.92
Williams %R (14):	-68.75
Chande Momentum Oscillator (20):	-0.37
Repulse (5,40,3):	-0.2800
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.11

MA7:	111.74
MA20:	111.71
MA50:	111.07
MA100:	109.69
MAexp7:	111.92
MAexp20:	112.01
MAexp50:	111.97
MAexp100:	111.93
Price / MA7:	-0.11%
Price / MA20:	-0.08%
Price / MA50:	+0.50%
Price / MA100:	+1.76%
Price / MAexp7:	-0.27%
Price / MAexp20:	-0.35%
Price / MAexp50:	-0.31%
Price / MAexp100:	-0.28%

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.

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