CAD/JPY - Daily - Technical analysis published on 11/07/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 106.21 JPY
My targets
109.98 JPY (+1.59)
113.85 JPY (+5.46)
My analysis
CAD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 106.21 JPY. The next resistance located at 109.98 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 113.85 JPY. After this resistance, buyers could then target 124.85 JPY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.7
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Additional analysis
Quotes
CAD/JPY rating 108.39 JPY. The price registered a decrease of -0.36% on the session and was between 108.23 JPY and 108.98 JPY. This implies that the price is at +0.15% from its lowest and at -0.54% from its highest.108.23
108.98
108.39
Here is a more detailed summary of the historical variations registered by CAD/JPY:
Near a 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 Daily chart of CAD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 98.75 | 102.26 | 106.21 | 108.39 | 109.98 | 124.85 |
| Change (%) | -8.89% | -5.66% | -2.01% | - | +1.47% | +15.19% |
| Change | -9.64 | -6.13 | -2.18 | - | +1.59 | +16.46 |
| Level | Minor | Intermediate | Major | - | Major | 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 | 106.70 | 107.21 | 108.00 | 108.51 | 109.30 | 109.81 | 110.60 |
| Camarilla | 108.42 | 108.54 | 108.66 | 108.78 | 108.90 | 109.02 | 109.14 |
| Woodie | 106.83 | 107.28 | 108.13 | 108.58 | 109.43 | 109.88 | 110.73 |
| Fibonacci | 107.21 | 107.71 | 108.02 | 108.51 | 109.01 | 109.32 | 109.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.39 | 106.28 | 107.53 | 108.42 | 109.67 | 110.56 | 111.81 |
| Camarilla | 108.19 | 108.39 | 108.58 | 108.78 | 108.98 | 109.17 | 109.37 |
| Woodie | 105.57 | 106.37 | 107.71 | 108.51 | 109.85 | 110.65 | 111.99 |
| Fibonacci | 106.28 | 107.10 | 107.60 | 108.42 | 109.24 | 109.74 | 110.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.00 | 102.29 | 105.78 | 108.07 | 111.56 | 113.85 | 117.34 |
| Camarilla | 107.68 | 108.21 | 108.74 | 109.27 | 109.80 | 110.33 | 110.86 |
| Woodie | 100.60 | 102.59 | 106.38 | 108.37 | 112.16 | 114.15 | 117.94 |
| Fibonacci | 102.29 | 104.50 | 105.86 | 108.07 | 110.28 | 111.64 | 113.85 |
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): | 54.48 | |
| MACD (12,26,9): | 0.4300 | |
| Directional Movement: | -2.29 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 108.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.77 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 105.76 | |
| Zig ZAG (10): | 108.41 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 44.29 | |
| TEMA (21): | 108.73 | |
| Williams %R (14): | -55.24 | |
| Chande Momentum Oscillator (20): | -0.58 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.43 |
| MA7: | 108.49 | |
| MA20: | 108.09 | |
| MA50: | 107.45 | |
| MA100: | 106.29 | |
| MAexp7: | 108.39 | |
| MAexp20: | 108.02 | |
| MAexp50: | 107.24 | |
| MAexp100: | 105.72 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.28% | |
| Price / MA50: | +0.87% | |
| Price / MA100: | +1.98% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +1.07% | |
| Price / MAexp100: | +2.53% |
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 October 4, 2022
-
CAD/JPY Forecast September 19, 2022
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USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
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S&P 500 Breaks Resistance and Immediately Stalls as CADJPY Explodes Higher
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Quick Takes Video: BoC Hike Pushes CAD/JPY To Key Resistance, Now What?
This member declared not having a position on this financial instrument or a related financial instrument.
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