CAD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 04/17/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

28%

17%

56%

My opinion

Neutral between 111.40 JPY and 112.09 JPY

My targets

My analysis

The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 111.40 JPY. The first resistance is located at 112.09 JPY. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by CAD/JPY.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.

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

Additional analysis

Quotes

CAD/JPY rating 111.89 JPY. On the day, this instrument lost -0.05% and was traded between 111.68 JPY and 112.22 JPY over the period. The price is currently at +0.19% from its lowest and -0.29% from its highest.

111.68

112.22

111.89

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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:

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 this 1H chart of CAD/JPY indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 10 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	111.11	111.40	111.78	111.89	112.09	112.26	112.42
Change (%)	-0.70%	-0.44%	-0.10%	-	+0.18%	+0.33%	+0.47%
Change	-0.78	-0.49	-0.11	-	+0.20	+0.37	+0.53
Level	Minor	Major	Minor	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	110.45	110.87	111.41	111.83	112.37	112.79	113.33
Camarilla	111.68	111.76	111.85	111.94	112.03	112.12	112.20
Woodie	110.50	110.90	111.46	111.86	112.42	112.82	113.38
Fibonacci	110.87	111.24	111.47	111.83	112.20	112.43	112.79

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):	49.05
MACD (12,26,9):	0.0300
Directional Movement:	-2.93
AROON (14):	57.14
DEMA (21):	111.99
Parabolic SAR (0,02-0,02-0,2):	111.68
Elder Ray (13):	-0.04
Super Trend (3,10):	112.19
Zig ZAG (10):	111.85
VORTEX (21):	0.9800
Stochastique (14,3,5):	51.85
TEMA (21):	112.00
Williams %R (14):	-59.26
Chande Momentum Oscillator (20):	0.00
Repulse (5,40,3):	-0.1300
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	0.14

MA7:	111.78
MA20:	111.72
MA50:	111.11
MA100:	109.72
MAexp7:	111.98
MAexp20:	111.96
MAexp50:	111.91
MAexp100:	111.86
Price / MA7:	+0.10%
Price / MA20:	+0.15%
Price / MA50:	+0.70%
Price / MA100:	+1.98%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.02%
Price / MAexp100:	+0.03%

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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