CAD/JPY - 1H - Technical analysis published on 04/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 112.46 JPY
My targets
113.60 JPY (+0.90)
114.58 JPY (+1.88)
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 112.46 JPY. The next resistance located at 113.60 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 114.58 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.
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
0
10
7.9
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Additional analysis
Quotes
CAD/JPY rating 112.70 JPY. The price registered an increase of +0.26% on the session and was traded between 112.34 JPY and 112.84 JPY over the period. The price is currently at +0.32% from its lowest and -0.12% from its highest.112.34
112.84
112.70
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/JPY in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 112.09 | 112.46 | 112.63 | 112.70 | 124.85 |
| Change (%) | -0.54% | -0.21% | -0.06% | - | +10.78% |
| Change | -0.61 | -0.24 | -0.07 | - | +12.15 |
| Level | Major | Major | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.20 | 110.73 | 111.57 | 112.10 | 112.94 | 113.47 | 114.31 |
| Camarilla | 112.03 | 112.16 | 112.28 | 112.41 | 112.54 | 112.66 | 112.79 |
| Woodie | 110.36 | 110.81 | 111.73 | 112.18 | 113.10 | 113.55 | 114.47 |
| Fibonacci | 110.73 | 111.25 | 111.58 | 112.10 | 112.62 | 112.95 | 113.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.87 | 110.46 | 111.44 | 112.03 | 113.01 | 113.60 | 114.58 |
| Camarilla | 111.98 | 112.12 | 112.27 | 112.41 | 112.55 | 112.70 | 112.84 |
| Woodie | 110.06 | 110.56 | 111.63 | 112.13 | 113.20 | 113.70 | 114.77 |
| Fibonacci | 110.46 | 111.06 | 111.43 | 112.03 | 112.63 | 113.00 | 113.60 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.31 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 4.08 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 112.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.58 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 112.43 | |
| Zig ZAG (10): | 112.72 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 75.39 | |
| TEMA (21): | 112.80 | |
| Williams %R (14): | -40.62 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.40 |
| MA7: | 112.07 | |
| MA20: | 111.86 | |
| MA50: | 111.20 | |
| MA100: | 109.83 | |
| MAexp7: | 112.73 | |
| MAexp20: | 112.64 | |
| MAexp50: | 112.46 | |
| MAexp100: | 112.28 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +0.75% | |
| Price / MA50: | +1.35% | |
| Price / MA100: | +2.61% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.37% |
Quotes :
-
Real time data
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Forex
News
The last news published on CAD/JPY at the time of the generation of this analysis was as follows:
-
CAD/JPY Forecast March 7, 2023
-
CAD/JPY Forecast October 4, 2022
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CAD/JPY Forecast September 19, 2022
-
USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
-
S&P 500 Breaks Resistance and Immediately Stalls as CADJPY Explodes Higher
This member declared not having a position on this financial instrument or a related financial instrument.
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