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CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
ISIN:

CAD/JPY - 1H - Technical analysis published on 05/20/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 114.24 JPY
My targets
114.80 JPY (+0.44)
115.82 JPY (+1.46)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 114.24 JPY remains possible. It is advisable to trade CAD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 114.24 JPY. The next bullish objective for buyers is set at 114.80 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. PS: if there is a bearish break in the support located at 114.24 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/JPY rating 114.36 JPY. On the day, this instrument gained +0.00% and was traded between 114.15 JPY and 114.61 JPY over the period. The price is currently at +0.18% from its lowest and -0.22% from its highest.

114.15
114.61
114.36

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 113.42 113.76 114.24 114.36 114.42 114.80 115.82
Change (%) -0.82% -0.52% -0.10% - +0.05% +0.38% +1.28%
Change -0.94 -0.60 -0.12 - +0.06 +0.44 +1.46
Level Minor Minor Intermediate - Intermediate Minor 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
Standard113.76113.91114.14114.29114.52114.67114.90
Camarilla114.26114.29114.33114.36114.40114.43114.47
Woodie113.79113.93114.17114.31114.55114.69114.93
Fibonacci113.91114.06114.15114.29114.44114.53114.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard111.42112.19113.27114.04115.12115.89116.97
Camarilla113.85114.02114.19114.36114.53114.70114.87
Woodie111.59112.27113.44114.12115.29115.97117.14
Fibonacci112.19112.89113.33114.04114.74115.18115.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.68107.77111.14114.23117.60120.69124.06
Camarilla112.72113.32113.91114.50115.09115.68116.28
Woodie104.81107.84111.27114.30117.73120.76124.19
Fibonacci107.77110.24111.77114.23116.70118.23120.69

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 50.96
MACD (12,26,9): 0.0400
Directional Movement: -9.24
AROON (14): 35.71
DEMA (21): 114.46
Parabolic SAR (0,02-0,02-0,2): 114.59
Elder Ray (13): -0.02
Super Trend (3,10): 114.13
Zig ZAG (10): 114.36
VORTEX (21): 1.0600
Stochastique (14,3,5): 46.03
TEMA (21): 114.42
Williams %R (14): -61.90
Chande Momentum Oscillator (20): -0.04
Repulse (5,40,3): -0.0100
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.09
MA7: 114.17
MA20: 113.71
MA50: 112.36
MA100: 111.14
MAexp7: 114.40
MAexp20: 114.39
MAexp50: 114.27
MAexp100: 114.15
Price / MA7: +0.17%
Price / MA20: +0.57%
Price / MA50: +1.78%
Price / MA100: +2.90%
Price / MAexp7: -0.03%
Price / MAexp20: -0.03%
Price / MAexp50: +0.08%
Price / MAexp100: +0.18%

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.

About author

Londinia
Londinia AI

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