CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
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CAD/JPY - 1H - Technical analysis published on 07/01/2025 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

17%

39%

44%

My opinion

Bearish under 105.75 JPY

My targets

105.37 JPY (-0.25)

105.03 JPY (-0.59)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CAD/JPY as long as the price remains well below 105.75 JPY. The next bearish objective for sellers is set at 105.37 JPY. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 105.03 JPY. If there is any crossing, the next objective would be the support located at 104.53 JPY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

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

4.5

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 minhphuc429. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/JPY price is 105.62 JPY. On the day, this instrument lost -0.07% and was between 105.56 JPY and 105.70 JPY. This implies that the price is at +0.06% from its lowest and at -0.08% from its highest.

105.56

105.70

105.62

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, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point (Daily)

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	104.53	105.03	105.37	105.62	105.75	106.19	106.71
Change (%)	-1.03%	-0.56%	-0.24%	-	+0.12%	+0.54%	+1.03%
Change	-1.09	-0.59	-0.25	-	+0.13	+0.57	+1.09
Level	Minor	Minor	Intermediate	-	Intermediate	Major	Minor

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	104.58	104.90	105.30	105.62	106.02	106.34	106.74
Camarilla	105.49	105.56	105.62	105.69	105.76	105.82	105.89
Woodie	104.61	104.92	105.33	105.64	106.05	106.36	106.77
Fibonacci	104.90	105.18	105.35	105.62	105.90	106.07	106.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	102.38	103.70	104.69	106.01	107.00	108.32	109.31
Camarilla	105.04	105.25	105.46	105.67	105.88	106.09	106.31
Woodie	102.21	103.62	104.52	105.93	106.83	108.24	109.14
Fibonacci	103.70	104.59	105.13	106.01	106.90	107.44	108.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.41	102.12	103.91	105.62	107.41	109.12	110.91
Camarilla	104.73	105.05	105.37	105.69	106.01	106.33	106.65
Woodie	100.44	102.14	103.94	105.64	107.44	109.14	110.94
Fibonacci	102.12	103.46	104.29	105.62	106.96	107.79	109.12

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):	45.42
MACD (12,26,9):	0.0300
Directional Movement:	-8.40
AROON (14):	35.71
DEMA (21):	105.73
Parabolic SAR (0,02-0,02-0,2):	105.95
Elder Ray (13):	-0.09
Super Trend (3,10):	105.88
Zig ZAG (10):	105.62
VORTEX (21):	1.0500
Stochastique (14,3,5):	51.30
TEMA (21):	105.78
Williams %R (14):	-68.00
Chande Momentum Oscillator (20):	-0.11
Repulse (5,40,3):	-0.2100
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.53

MA7:	105.80
MA20:	105.76
MA50:	104.82
MA100:	104.49
MAexp7:	105.72
MAexp20:	105.69
MAexp50:	105.69
MAexp100:	105.76
Price / MA7:	-0.17%
Price / MA20:	-0.13%
Price / MA50:	+0.76%
Price / MA100:	+1.08%
Price / MAexp7:	-0.09%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.07%
Price / MAexp100:	-0.13%

Quotes : - Real time data - Forex

News

The last news published on CAD/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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