CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 09/21/2023 (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

83%

17%

My opinion

Bullish above 109.26 JPY

My targets

111.15 JPY (+1.17)

112.34 JPY (+2.36)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/JPY as long as the price remains well above 109.26 JPY. The buyers' bullish objective is set at 111.15 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 112.34 JPY. If there is any crossing, the next objective would be the resistance located at 124.85 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

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 forex2000. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/JPY rating 109.98 JPY. On the day, this instrument lost -0.06% and was traded between 109.80 JPY and 110.16 JPY over the period. The price is currently at +0.16% from its lowest and -0.16% from its highest.

109.80

110.16

109.98

Here is a more detailed summary of the historical variations registered by CAD/JPY:

The Central Records scanner for higher/lower results shows the following items:

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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	104.95	106.19	109.26	109.98	124.85
Change (%)	-4.57%	-3.45%	-0.65%	-	+13.52%
Change	-5.03	-3.79	-0.72	-	+14.87
Level	Intermediate	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	109.30	109.53	109.79	110.02	110.28	110.51	110.77
Camarilla	109.92	109.96	110.01	110.05	110.10	110.14	110.19
Woodie	109.32	109.54	109.81	110.03	110.30	110.52	110.79
Fibonacci	109.53	109.72	109.83	110.02	110.21	110.32	110.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.68	106.47	107.90	108.69	110.12	110.91	112.34
Camarilla	108.71	108.91	109.12	109.32	109.52	109.73	109.93
Woodie	105.99	106.63	108.21	108.85	110.43	111.07	112.65
Fibonacci	106.47	107.32	107.85	108.69	109.54	110.07	110.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.80	104.82	106.25	107.27	108.70	109.72	111.15
Camarilla	107.02	107.24	107.47	107.69	107.92	108.14	108.36
Woodie	104.02	104.92	106.47	107.37	108.92	109.82	111.37
Fibonacci	104.82	105.75	106.33	107.27	108.20	108.78	109.72

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):	68.12
MACD (12,26,9):	0.6500
Directional Movement:	12.17
AROON (14):	85.71
DEMA (21):	109.50
Parabolic SAR (0,02-0,02-0,2):	108.43
Elder Ray (13):	0.91
Super Trend (3,10):	107.83
Zig ZAG (10):	109.98
VORTEX (21):	1.1900
Stochastique (14,3,5):	87.02
TEMA (21):	109.81
Williams %R (14):	-14.59
Chande Momentum Oscillator (20):	1.86
Repulse (5,40,3):	0.4100
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	3.21

MA7:	109.51
MA20:	108.48
MA50:	107.55
MA100:	106.18
MAexp7:	109.53
MAexp20:	108.71
MAexp50:	107.70
MAexp100:	106.20
Price / MA7:	+0.43%
Price / MA20:	+1.38%
Price / MA50:	+2.26%
Price / MA100:	+3.58%
Price / MAexp7:	+0.41%
Price / MAexp20:	+1.17%
Price / MAexp50:	+2.12%
Price / MAexp100:	+3.56%

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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