CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
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CAD/JPY - 1H - Technical analysis published on 04/16/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

61%

39%

My opinion

Bullish above 111.78 JPY

My targets

112.42 JPY (+0.37)

113.09 JPY (+1.04)

My analysis

The basic bullish trend is very strong on CAD/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 111.78 JPY. Crossing the first resistance at 112.42 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 113.09 JPY as an objective. Crossing it would then enable buyers to target 124.85 JPY. Caution, a return to below 111.78 JPY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

Additional analysis

Quotes

The CAD/JPY rating is 112.05 JPY. The price has increased by +0.17% since the last closing and was between 111.72 JPY and 112.06 JPY. This implies that the price is at +0.30% from its lowest and at -0.01% from its highest.

111.72

112.06

112.05

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	111.11	111.40	111.78	112.05	112.09	112.42	124.85
Change (%)	-0.84%	-0.58%	-0.24%	-	+0.04%	+0.33%	+11.42%
Change	-0.94	-0.65	-0.27	-	+0.04	+0.37	+12.80
Level	Minor	Intermediate	Minor	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.78	110.42	111.14	111.78	112.50	113.14	113.86
Camarilla	111.49	111.61	111.74	111.86	111.99	112.11	112.23
Woodie	109.82	110.44	111.18	111.80	112.54	113.16	113.90
Fibonacci	110.42	110.94	111.26	111.78	112.30	112.62	113.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.55	110.21	110.73	111.39	111.91	112.57	113.09
Camarilla	110.93	111.03	111.14	111.25	111.36	111.47	111.58
Woodie	109.48	110.18	110.66	111.36	111.84	112.54	113.02
Fibonacci	110.21	110.66	110.94	111.39	111.84	112.12	112.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.87	107.27	109.48	110.88	113.09	114.49	116.70
Camarilla	110.69	111.02	111.35	111.68	112.01	112.34	112.67
Woodie	106.27	107.47	109.88	111.08	113.49	114.69	117.10
Fibonacci	107.27	108.65	109.50	110.88	112.26	113.11	114.49

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):	55.19
MACD (12,26,9):	0.0200
Directional Movement:	5.41
AROON (14):	42.86
DEMA (21):	111.92
Parabolic SAR (0,02-0,02-0,2):	111.73
Elder Ray (13):	0.07
Super Trend (3,10):	112.19
Zig ZAG (10):	111.93
VORTEX (21):	0.9800
Stochastique (14,3,5):	60.94
TEMA (21):	111.89
Williams %R (14):	-29.03
Chande Momentum Oscillator (20):	0.04
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.23

MA7:	111.77
MA20:	111.71
MA50:	111.07
MA100:	109.69
MAexp7:	111.89
MAexp20:	111.88
MAexp50:	111.81
MAexp100:	111.78
Price / MA7:	+0.25%
Price / MA20:	+0.30%
Price / MA50:	+0.88%
Price / MA100:	+2.15%
Price / MAexp7:	+0.14%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.21%
Price / MAexp100:	+0.24%

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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