CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

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

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 112.09 JPY

My targets

116.70 JPY (+1.20)

124.85 JPY (+9.35)

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 112.09 JPY. The next resistance located at 116.70 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 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

9.1

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

Additional analysis

Quotes

The CAD/JPY rating is 115.50 JPY. The price registered an increase of +1.38% on the session and was traded between 113.62 JPY and 115.52 JPY over the period. The price is currently at +1.65% from its lowest and -0.02% from its highest.

113.62

115.52

115.50

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:

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 Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	110.13	110.72	112.09	115.50	124.85
Change (%)	-4.65%	-4.14%	-2.95%	-	+8.10%
Change	-5.37	-4.78	-3.41	-	+9.35
Level	Major	Minor	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	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):	81.64
MACD (12,26,9):	0.7700
Directional Movement:	22.10
AROON (14):	71.43
DEMA (21):	113.49
Parabolic SAR (0,02-0,02-0,2):	112.02
Elder Ray (13):	1.54
Super Trend (3,10):	112.01
Zig ZAG (10):	115.48
VORTEX (21):	1.1500
Stochastique (14,3,5):	98.09
TEMA (21):	113.91
Williams %R (14):	-0.43
Chande Momentum Oscillator (20):	3.74
Repulse (5,40,3):	2.9200
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	3.02

MA7:	113.38
MA20:	112.34
MA50:	111.42
MA100:	110.06
MAexp7:	113.65
MAexp20:	112.58
MAexp50:	111.59
MAexp100:	110.60
Price / MA7:	+1.87%
Price / MA20:	+2.81%
Price / MA50:	+3.66%
Price / MA100:	+4.94%
Price / MAexp7:	+1.63%
Price / MAexp20:	+2.59%
Price / MAexp50:	+3.50%
Price / MAexp100:	+4.43%

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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