CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 05/01/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 114.23 JPY

My targets

114.85 JPY (+0.19)

117.05 JPY (+2.39)

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 114.23 JPY. The next resistance located at 114.85 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 117.05 JPY. After this resistance, buyers could then target 117.33 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

7.5

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

CAD/JPY rating 114.66 JPY. On the day, this instrument gained +0.14% and was traded between 114.45 JPY and 114.74 JPY over the period. The price is currently at +0.18% from its lowest and -0.07% from its highest.

114.45

114.74

114.66

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

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in 1H of this CAD/JPY chart shows a strongly bullish trend. 85.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	112.09	112.87	113.63	114.66	114.85	117.33	124.85
Change (%)	-2.24%	-1.56%	-0.90%	-	+0.17%	+2.33%	+8.89%
Change	-2.57	-1.79	-1.03	-	+0.19	+2.67	+10.19
Level	Intermediate	Major	Minor	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	113.60	113.93	114.21	114.54	114.82	115.15	115.43
Camarilla	114.33	114.39	114.44	114.50	114.56	114.61	114.67
Woodie	113.59	113.92	114.20	114.53	114.81	115.14	115.42
Fibonacci	113.93	114.16	114.30	114.54	114.77	114.91	115.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.87	111.11	113.46	114.70	117.05	118.29	120.64
Camarilla	114.83	115.16	115.49	115.82	116.15	116.48	116.81
Woodie	110.44	111.39	114.03	114.98	117.62	118.57	121.21
Fibonacci	111.11	112.48	113.33	114.70	116.07	116.92	118.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.68	107.77	111.14	114.23	117.60	120.69	124.06
Camarilla	112.72	113.32	113.91	114.50	115.09	115.68	116.28
Woodie	104.81	107.84	111.27	114.30	117.73	120.76	124.19
Fibonacci	107.77	110.24	111.77	114.23	116.70	118.23	120.69

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):	55.23
MACD (12,26,9):	0.0300
Directional Movement:	3.62
AROON (14):	92.86
DEMA (21):	114.64
Parabolic SAR (0,02-0,02-0,2):	114.46
Elder Ray (13):	0.06
Super Trend (3,10):	114.95
Zig ZAG (10):	114.69
VORTEX (21):	1.1000
Stochastique (14,3,5):	80.42
TEMA (21):	114.68
Williams %R (14):	-15.62
Chande Momentum Oscillator (20):	0.20
Repulse (5,40,3):	0.0100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.23

MA7:	114.27
MA20:	112.77
MA50:	111.63
MA100:	110.29
MAexp7:	114.65
MAexp20:	114.61
MAexp50:	114.60
MAexp100:	114.41
Price / MA7:	+0.34%
Price / MA20:	+1.68%
Price / MA50:	+2.71%
Price / MA100:	+3.96%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.05%
Price / MAexp100:	+0.22%

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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