CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Weekly - Technical analysis published on 09/25/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 106.19 JPY

My targets

111.15 JPY (+0.99)

111.88 JPY (+1.72)

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 106.19 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 111.88 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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

Additional analysis

Quotes

The CAD/JPY rating is 110.16 JPY. The price registered an increase of +0.65% over 5 days and has been traded over the last 5 days between 109.22 JPY and 110.42 JPY. This implies that the 5 day price is +0.86% from its lowest point and -0.24% from its highest point.

109.22

110.42

110.16

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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 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

A technical analysis in Weekly of this CAD/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near resistance of channel

Type : Bearish

Timeframe : Weekly

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	95.15	106.19	109.26	110.16	124.85
Change (%)	-13.63%	-3.60%	-0.82%	-	+13.34%
Change	-15.01	-3.97	-0.90	-	+14.69
Level	Major	Intermediate	Major	-	Intermediate

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	108.56	109.01	109.53	109.98	110.50	110.95	111.47
Camarilla	109.79	109.88	109.97	110.06	110.15	110.24	110.33
Woodie	108.61	109.03	109.58	110.00	110.55	110.97	111.52
Fibonacci	109.01	109.38	109.61	109.98	110.35	110.58	110.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	108.07	108.63	109.34	109.90	110.61	111.17	111.88
Camarilla	109.71	109.83	109.94	110.06	110.18	110.29	110.41
Woodie	108.16	108.67	109.43	109.94	110.70	111.21	111.97
Fibonacci	108.63	109.11	109.41	109.90	110.38	110.68	111.17

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	66.69
MACD (12,26,9):	2.0500
Directional Movement:	8.71
AROON (14):	57.15
DEMA (21):	109.32
Parabolic SAR (0,02-0,02-0,2):	104.87
Elder Ray (13):	2.25
Super Trend (3,10):	104.41
Zig ZAG (10):	110.16
VORTEX (21):	1.2700
Stochastique (14,3,5):	95.16
TEMA (21):	110.33
Williams %R (14):	-4.65
Chande Momentum Oscillator (20):	3.04
Repulse (5,40,3):	2.0800
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	6.25

MA7:	109.79
MA20:	108.70
MA50:	107.74
MA100:	106.36
MAexp7:	108.88
MAexp20:	106.72
MAexp50:	103.86
MAexp100:	100.29
Price / MA7:	+0.34%
Price / MA20:	+1.34%
Price / MA50:	+2.25%
Price / MA100:	+3.57%
Price / MAexp7:	+1.18%
Price / MAexp20:	+3.22%
Price / MAexp50:	+6.07%
Price / MAexp100:	+9.84%

Quotes : - Real time data - 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:

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

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