CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 04/26/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 113.88 JPY

My targets

114.58 JPY (+0.35)

116.70 JPY (+2.47)

My analysis

The bullish trend is currently very strong on CAD/JPY. As long as the price remains above the support at 113.88 JPY, you could try to benefit from the boom. The first bullish objective is located at 114.58 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 116.70 JPY as an objective. Crossing it would then enable buyers to target 124.85 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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

8.8

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

Additional analysis

Quotes

The CAD/JPY rating is 114.23 JPY. The price registered an increase of +0.26% on the session and was traded between 113.81 JPY and 114.33 JPY over the period. The price is currently at +0.37% from its lowest and -0.09% from its highest.

113.81

114.33

114.23

A study of price movements over other periods shows the following variations:

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

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

A technical analysis in 1H 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	112.09	113.20	113.88	114.23	124.85
Change (%)	-1.87%	-0.90%	-0.31%	-	+9.30%
Change	-2.14	-1.03	-0.35	-	+10.62
Level	Major	Intermediate	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	112.61	112.90	113.42	113.71	114.23	114.52	115.04
Camarilla	113.71	113.78	113.86	113.93	114.00	114.08	114.15
Woodie	112.72	112.96	113.53	113.77	114.34	114.58	115.15
Fibonacci	112.90	113.21	113.40	113.71	114.02	114.21	114.52

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 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):	71.98
MACD (12,26,9):	0.1500
Directional Movement:	18.04
AROON (14):	100.00
DEMA (21):	114.03
Parabolic SAR (0,02-0,02-0,2):	113.61
Elder Ray (13):	0.15
Super Trend (3,10):	113.59
Zig ZAG (10):	114.32
VORTEX (21):	1.0400
Stochastique (14,3,5):	91.33
TEMA (21):	114.07
Williams %R (14):	-4.17
Chande Momentum Oscillator (20):	0.71
Repulse (5,40,3):	0.4800
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.62

MA7:	113.21
MA20:	112.28
MA50:	111.40
MA100:	110.04
MAexp7:	114.00
MAexp20:	113.84
MAexp50:	113.59
MAexp100:	113.27
Price / MA7:	+0.90%
Price / MA20:	+1.74%
Price / MA50:	+2.54%
Price / MA100:	+3.81%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.34%
Price / MAexp50:	+0.56%
Price / MAexp100:	+0.85%

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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