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 11/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 106.19 JPY

My targets

110.72 JPY (+1.38)

113.32 JPY (+3.98)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 106.19 JPY remains possible. It is advisable to trade CAD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 106.19 JPY. The next bullish objective for buyers is set at 110.72 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 113.32 JPY. If there is any crossing, the next objective would be the resistance located at 124.85 JPY. PS: if there is a bearish break in the support located at 106.19 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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

4.1

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

Additional analysis

Quotes

The CAD/JPY rating is 109.34 JPY. The price registered a decrease of -1.06% on the session and was traded between 109.34 JPY and 110.59 JPY over the period. The price is currently at 0% from its lowest and -1.13% from its highest.

109.34

110.59

109.34

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 CAD/JPY in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	104.95	106.19	109.26	109.34	110.72	124.85
Change (%)	-4.01%	-2.88%	-0.07%	-	+1.26%	+14.19%
Change	-4.39	-3.15	-0.08	-	+1.38	+15.51
Level	Minor	Intermediate	Major	-	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	108.98	109.36	109.93	110.31	110.88	111.26	111.83
Camarilla	110.25	110.34	110.42	110.51	110.60	110.68	110.77
Woodie	109.09	109.41	110.04	110.36	110.99	111.31	111.94
Fibonacci	109.36	109.72	109.94	110.31	110.67	110.89	111.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	108.67	108.92	109.34	109.59	110.01	110.26	110.68
Camarilla	109.58	109.64	109.70	109.76	109.82	109.88	109.94
Woodie	108.76	108.96	109.43	109.63	110.10	110.30	110.77
Fibonacci	108.92	109.18	109.33	109.59	109.85	110.00	110.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.68	106.08	107.56	108.96	110.44	111.84	113.32
Camarilla	108.25	108.51	108.78	109.04	109.30	109.57	109.83
Woodie	104.72	106.10	107.60	108.98	110.48	111.86	113.36
Fibonacci	106.08	107.18	107.86	108.96	110.06	110.74	111.84

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):	50.32
MACD (12,26,9):	0.2000
Directional Movement:	8.56
AROON (14):	85.72
DEMA (21):	109.67
Parabolic SAR (0,02-0,02-0,2):	108.42
Elder Ray (13):	0.41
Super Trend (3,10):	108.30
Zig ZAG (10):	109.41
VORTEX (21):	1.0100
Stochastique (14,3,5):	82.64
TEMA (21):	109.76
Williams %R (14):	-39.69
Chande Momentum Oscillator (20):	0.36
Repulse (5,40,3):	-0.6500
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	1.82

MA7:	109.76
MA20:	109.24
MA50:	109.36
MA100:	108.27
MAexp7:	109.72
MAexp20:	109.45
MAexp50:	109.05
MAexp100:	107.89
Price / MA7:	-0.38%
Price / MA20:	+0.09%
Price / MA50:	-0.02%
Price / MA100:	+0.99%
Price / MAexp7:	-0.35%
Price / MAexp20:	-0.10%
Price / MAexp50:	+0.27%
Price / MAexp100:	+1.34%

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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