CAD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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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 : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 114.42 JPY

My targets

115.12 JPY (+0.39)

115.82 JPY (+1.09)

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 114.42 JPY. The buyers' bullish objective is set at 115.12 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.

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

8.6

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 114.73 JPY. The price has increased by +0.32% since the last closing with the lowest point at 114.15 JPY and the highest point at 114.84 JPY. The deviation from the price is +0.51% for the low point and -0.10% for the high point.

114.15

114.84

114.73

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAD/JPY:

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

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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

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 scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	113.76	114.24	114.42	114.73	114.80	115.82	124.85
Change (%)	-0.85%	-0.43%	-0.27%	-	+0.06%	+0.95%	+8.82%
Change	-0.97	-0.49	-0.31	-	+0.07	+1.09	+10.12
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	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	113.76	113.91	114.14	114.29	114.52	114.67	114.90
Camarilla	114.26	114.29	114.33	114.36	114.40	114.43	114.47
Woodie	113.79	113.93	114.17	114.31	114.55	114.69	114.93
Fibonacci	113.91	114.06	114.15	114.29	114.44	114.53	114.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	111.42	112.19	113.27	114.04	115.12	115.89	116.97
Camarilla	113.85	114.02	114.19	114.36	114.53	114.70	114.87
Woodie	111.59	112.27	113.44	114.12	115.29	115.97	117.14
Fibonacci	112.19	112.89	113.33	114.04	114.74	115.18	115.89

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

Technical indicators

Moving averages

RSI (14):	66.77
MACD (12,26,9):	0.1000
Directional Movement:	11.54
AROON (14):	50.00
DEMA (21):	114.65
Parabolic SAR (0,02-0,02-0,2):	114.35
Elder Ray (13):	0.10
Super Trend (3,10):	114.32
Zig ZAG (10):	114.71
VORTEX (21):	1.1500
Stochastique (14,3,5):	73.85
TEMA (21):	114.67
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.30
Repulse (5,40,3):	0.1300
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.29

MA7:	114.22
MA20:	113.72
MA50:	112.37
MA100:	111.14
MAexp7:	114.64
MAexp20:	114.52
MAexp50:	114.37
MAexp100:	114.22
Price / MA7:	+0.45%
Price / MA20:	+0.89%
Price / MA50:	+2.10%
Price / MA100:	+3.23%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.18%
Price / MAexp50:	+0.31%
Price / MAexp100:	+0.45%

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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