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 05/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 114.24 JPY

My targets

114.90 JPY (+0.20)

115.82 JPY (+1.12)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/JPY as long as the price remains well above 114.24 JPY. The buyers' bullish objective is set at 114.90 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 115.82 JPY. If there is any crossing, the next objective would be the resistance located at 124.85 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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 114.70 JPY. The price has increased by +0.33% since the last closing and was between 114.30 JPY and 114.80 JPY. This implies that the price is at +0.35% from its lowest and at -0.09% from its highest.

114.30

114.80

114.70

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:

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 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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	113.07	113.67	114.24	114.70	115.82	124.85
Change (%)	-1.42%	-0.90%	-0.40%	-	+0.98%	+8.85%
Change	-1.63	-1.03	-0.46	-	+1.12	+10.15
Level	Minor	Intermediate	Minor	-	Intermediate	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	113.22	113.45	113.88	114.11	114.54	114.77	115.20
Camarilla	114.14	114.20	114.26	114.32	114.38	114.44	114.50
Woodie	113.33	113.50	113.99	114.16	114.65	114.82	115.31
Fibonacci	113.45	113.70	113.86	114.11	114.36	114.52	114.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.70	110.67	112.30	113.27	114.90	115.87	117.50
Camarilla	113.22	113.45	113.69	113.93	114.17	114.41	114.65
Woodie	110.03	110.84	112.63	113.44	115.23	116.04	117.83
Fibonacci	110.67	111.66	112.28	113.27	114.26	114.88	115.87

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):	77.03
MACD (12,26,9):	0.1300
Directional Movement:	29.46
AROON (14):	100.00
DEMA (21):	114.56
Parabolic SAR (0,02-0,02-0,2):	114.34
Elder Ray (13):	0.21
Super Trend (3,10):	114.30
Zig ZAG (10):	114.67
VORTEX (21):	1.1800
Stochastique (14,3,5):	87.86
TEMA (21):	114.59
Williams %R (14):	-26.00
Chande Momentum Oscillator (20):	0.29
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.38

MA7:	113.61
MA20:	113.38
MA50:	112.00
MA100:	110.86
MAexp7:	114.54
MAexp20:	114.39
MAexp50:	114.16
MAexp100:	113.89
Price / MA7:	+0.96%
Price / MA20:	+1.16%
Price / MA50:	+2.41%
Price / MA100:	+3.46%
Price / MAexp7:	+0.14%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.47%
Price / MAexp100:	+0.71%

Quotes : - Real time data - Forex

News

The latest news and videos published on CAD/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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