CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
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High / Low range: -
Type: Forex
Ticker: CADJPY
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CAD/JPY - Daily - Technical analysis published on 09/27/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 86.88 JPY
My targets
88.86 JPY (+1.25)
90.04 JPY (+2.43)
My analysis
CAD/JPY is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 86.88 JPY, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 88.86 JPY. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 90.04 JPY would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 91.09 JPY. Beware of a possible return to under the support located at 86.88 JPY which would be the sign of a correction of the bullish excesses registered in the short term.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CAD/JPY rating is 87.61 JPY. The price has increased by +0.10% since the last closing and was traded between 87.41 JPY and 87.77 JPY over the period. The price is currently at +0.23% from its lowest and -0.18% from its highest.

87.41
87.77
87.61

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of CAD/JPY indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily



In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 84.47 85.73 86.88 87.61 88.86 90.04 91.09
Change (%) -3.58% -2.15% -0.83% - +1.43% +2.77% +3.97%
Change -3.14 -1.88 -0.73 - +1.25 +2.43 +3.48
Level Major Major Major - Major Minor 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
Standard86.2286.5387.0287.3387.8288.1388.62
Camarilla87.3087.3787.4587.5287.5987.6787.74
Woodie86.3286.5887.1287.3887.9288.1888.72
Fibonacci86.5386.8387.0287.3387.6387.8288.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard83.0183.9585.7486.6888.4789.4191.20
Camarilla86.7787.0287.2787.5287.7788.0288.27
Woodie83.4384.1686.1686.8988.8989.6291.62
Fibonacci83.9585.0085.6486.6887.7388.3789.41


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard81.3182.9985.1186.7988.9190.5992.71
Camarilla86.1986.5386.8887.2387.5887.9388.28
Woodie81.5383.1085.3386.9089.1390.7092.93
Fibonacci82.9984.4485.3486.7988.2489.1490.59

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): 57.33
MACD (12,26,9): -0.1100
Directional Movement: -0.47
AROON (14): 35.71
DEMA (21): 86.56
Parabolic SAR (0,02-0,02-0,2): 85.05
Elder Ray (13): 0.86
Super Trend (3,10): 87.83
Zig ZAG (10): 87.60
VORTEX (21): 1.0600
Stochastique (14,3,5): 88.50
TEMA (21): 86.70
Williams %R (14): -5.57
Chande Momentum Oscillator (20): 0.93
Repulse (5,40,3): 1.3300
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 1.34
MA7: 86.43
MA20: 86.81
MA50: 87.12
MA100: 88.42
MAexp7: 86.85
MAexp20: 86.77
MAexp50: 87.19
MAexp100: 87.34
Price / MA7: +1.37%
Price / MA20: +0.92%
Price / MA50: +0.56%
Price / MA100: -0.92%
Price / MAexp7: +0.88%
Price / MAexp20: +0.97%
Price / MAexp50: +0.48%
Price / MAexp100: +0.31%

Quotes : - Real time data - Forex

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

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