CAD/JPY - 1H - Technical analysis published on 08/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 104.93 JPY
My targets
103.43 JPY (-1.41)
102.41 JPY (-2.43)
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 104.93 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 103.43 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 102.41 JPY as an objective. Crossing it would then enable sellers to target 95.15 JPY. If the resistance 104.93 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.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.7
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Additional analysis
Quotes
The CAD/JPY price is 104.84 JPY. The price is lower by -0.74% since the last closing and was traded between 104.44 JPY and 106.00 JPY over the period. The price is currently at +0.38% from its lowest and -1.09% from its highest.104.44
106.00
104.84
Here is a more detailed summary of the historical variations registered by CAD/JPY:
Near a new LOW record (1 year)
Type : Bearish
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 1H of this CAD/JPY chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 95.15 | 102.41 | 104.81 | 104.84 | 106.25 | 108.88 | 109.98 |
| Change (%) | -9.24% | -2.32% | -0.03% | - | +1.34% | +3.85% | +4.90% |
| Change | -9.69 | -2.43 | -0.03 | - | +1.41 | +4.04 | +5.14 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Major |
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 | 98.78 | 100.21 | 102.92 | 104.35 | 107.06 | 108.49 | 111.20 |
| Camarilla | 104.48 | 104.86 | 105.24 | 105.62 | 106.00 | 106.38 | 106.76 |
| Woodie | 99.41 | 100.53 | 103.55 | 104.67 | 107.69 | 108.81 | 111.83 |
| Fibonacci | 100.21 | 101.80 | 102.77 | 104.35 | 105.94 | 106.91 | 108.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.91 | 101.24 | 103.43 | 107.76 | 109.95 | 114.28 | 116.47 |
| Camarilla | 103.82 | 104.42 | 105.01 | 105.61 | 106.21 | 106.81 | 107.40 |
| Woodie | 95.83 | 100.71 | 102.35 | 107.23 | 108.87 | 113.75 | 115.39 |
| Fibonacci | 101.24 | 103.73 | 105.27 | 107.76 | 110.25 | 111.79 | 114.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.42 | 101.38 | 104.93 | 111.89 | 115.44 | 122.40 | 125.95 |
| Camarilla | 105.58 | 106.54 | 107.51 | 108.47 | 109.43 | 110.40 | 111.36 |
| Woodie | 92.71 | 100.53 | 103.22 | 111.04 | 113.73 | 121.55 | 124.24 |
| Fibonacci | 101.38 | 105.40 | 107.88 | 111.89 | 115.91 | 118.39 | 122.40 |
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): | 52.60 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 7.61 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 104.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.24 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 103.38 | |
| Zig ZAG (10): | 104.79 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 68.51 | |
| TEMA (21): | 104.92 | |
| Williams %R (14): | -36.04 | |
| Chande Momentum Oscillator (20): | 1.76 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.51 |
| MA7: | 107.61 | |
| MA20: | 111.96 | |
| MA50: | 114.33 | |
| MA100: | 113.64 | |
| MAexp7: | 104.77 | |
| MAexp20: | 104.37 | |
| MAexp50: | 105.10 | |
| MAexp100: | 106.54 | |
| Price / MA7: | -2.57% | |
| Price / MA20: | -6.36% | |
| Price / MA50: | -8.30% | |
| Price / MA100: | -7.74% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -1.60% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on CAD/JPY. At the time of publication of this analysis, the latest news was as follows:
-
CAD/JPY Forecast July 17, 2024
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CAD/JPY Forecast March 7, 2023
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CAD/JPY Forecast October 4, 2022
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CAD/JPY Forecast September 19, 2022
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USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
This member declared not having a position on this financial instrument or a related financial instrument.
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