CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 05/01/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Neutral

Technical indicators

17%

39%

44%

My opinion

Neutral between 113.63 JPY and 114.85 JPY

My targets

My analysis

There is no clear trend on CAD/JPY either on the basics or in the short term. Under these conditions, it is difficult to advise a trading direction. Staying away seems to be the best solution. The first resistance is located at 114.85 JPY. The first support is located at 113.63 JPY.

In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.

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

The CAD/JPY rating is 114.54 JPY. The price has increased by +0.04% since the last closing and was between 114.42 JPY and 114.74 JPY. This implies that the price is at +0.10% from its lowest and at -0.17% from its highest.

114.42

114.74

114.54

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 1H chart of CAD/JPY indicates that the overall trend is not clearly defined. This generally neutral trend is confirmed by the neutral signals currently given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	112.09	112.87	113.63	114.54	114.85	117.33	124.85
Change (%)	-2.14%	-1.46%	-0.79%	-	+0.27%	+2.44%	+9.00%
Change	-2.45	-1.67	-0.91	-	+0.31	+2.79	+10.31
Level	Intermediate	Major	Minor	-	Intermediate	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
Standard	113.60	113.93	114.21	114.54	114.82	115.15	115.43
Camarilla	114.33	114.39	114.44	114.50	114.56	114.61	114.67
Woodie	113.59	113.92	114.20	114.53	114.81	115.14	115.42
Fibonacci	113.93	114.16	114.30	114.54	114.77	114.91	115.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.87	111.11	113.46	114.70	117.05	118.29	120.64
Camarilla	114.83	115.16	115.49	115.82	116.15	116.48	116.81
Woodie	110.44	111.39	114.03	114.98	117.62	118.57	121.21
Fibonacci	111.11	112.48	113.33	114.70	116.07	116.92	118.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.68	107.77	111.14	114.23	117.60	120.69	124.06
Camarilla	112.72	113.32	113.91	114.50	115.09	115.68	116.28
Woodie	104.81	107.84	111.27	114.30	117.73	120.76	124.19
Fibonacci	107.77	110.24	111.77	114.23	116.70	118.23	120.69

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.43
MACD (12,26,9):	0.0000
Directional Movement:	-4.86
AROON (14):	-14.28
DEMA (21):	114.59
Parabolic SAR (0,02-0,02-0,2):	114.82
Elder Ray (13):	-0.05
Super Trend (3,10):	114.90
Zig ZAG (10):	114.52
VORTEX (21):	0.9800
Stochastique (14,3,5):	39.58
TEMA (21):	114.60
Williams %R (14):	-62.50
Chande Momentum Oscillator (20):	-0.03
Repulse (5,40,3):	-0.0200
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.07

MA7:	114.25
MA20:	112.76
MA50:	111.63
MA100:	110.29
MAexp7:	114.58
MAexp20:	114.59
MAexp50:	114.59
MAexp100:	114.42
Price / MA7:	+0.25%
Price / MA20:	+1.58%
Price / MA50:	+2.61%
Price / MA100:	+3.85%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.04%
Price / MAexp100:	+0.10%

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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