CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
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CAD/JPY - Daily - Technical analysis published on 10/08/2019 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 80.96 JPY

My targets

80.10 JPY (-0.35%)

79.34 JPY (-1.29%)

My analysis

CAD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 80.96 JPY. The next support located at 80.10 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 79.34 JPY. Below this support, sellers could then target 78.81 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem 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

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

Additional analysis

Quotes

CAD/JPY rating 80.38 JPY. On the day, this instrument lost -0.29% and was traded between 80.16 JPY and 80.84 JPY over the period. The price is currently at +0.27% from its lowest and -0.57% from its highest.

80.16

80.84

80.38

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CAD/JPY indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	78.81	79.34	80.10	80.38	80.96	81.90	83.08
Change (%)	-1.95%	-1.29%	-0.35%	-	+0.72%	+1.89%	+3.36%
Change	-1.57	-1.04	-0.28	-	+0.58	+1.52	+2.70
Level	Major	Intermediate	Major	-	Intermediate	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.32	79.63	80.12	80.43	80.92	81.23	81.72
Camarilla	80.39	80.46	80.54	80.61	80.68	80.76	80.83
Woodie	79.41	79.68	80.21	80.48	81.01	81.28	81.81
Fibonacci	79.63	79.94	80.12	80.43	80.74	80.92	81.23

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.47	78.65	79.48	80.66	81.49	82.67	83.50
Camarilla	79.77	79.95	80.14	80.32	80.50	80.69	80.87
Woodie	77.31	78.56	79.32	80.57	81.33	82.58	83.34
Fibonacci	78.65	79.41	79.89	80.66	81.42	81.90	82.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.95	78.07	79.84	80.96	82.73	83.85	85.62
Camarilla	80.81	81.07	81.34	81.60	81.87	82.13	82.40
Woodie	77.27	78.23	80.16	81.12	83.05	84.01	85.94
Fibonacci	78.07	79.18	79.86	80.96	82.07	82.75	83.85

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):	43.33
MACD (12,26,9):	-0.1000
Directional Movement:	-7.94
AROON (14):	-14.28
DEMA (21):	80.82
Parabolic SAR (0,02-0,02-0,2):	81.60
Elder Ray (13):	-0.31
Super Trend (3,10):	79.90
Zig ZAG (10):	80.38
VORTEX (21):	0.9300
Stochastique (14,3,5):	30.68
TEMA (21):	80.69
Williams %R (14):	-71.64
Chande Momentum Oscillator (20):	-0.73
Repulse (5,40,3):	-0.3100
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	2.10

MA7:	80.70
MA20:	81.18
MA50:	80.62
MA100:	81.25
MAexp7:	80.63
MAexp20:	80.88
MAexp50:	80.99
MAexp100:	81.35
Price / MA7:	-0.40%
Price / MA20:	-0.99%
Price / MA50:	-0.30%
Price / MA100:	-1.07%
Price / MAexp7:	-0.31%
Price / MAexp20:	-0.62%
Price / MAexp50:	-0.75%
Price / MAexp100:	-1.19%

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:

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

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