CAD/JPY - 1H - Technical analysis published on 06/03/2024 (GMT)
- 111
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 115.29 JPY
My targets
115.82 JPY (+0.32)
117.35 JPY (+1.85)
My analysis
The bullish trend is currently very strong on CAD/JPY. As long as the price remains above the support at 115.29 JPY, you could try to benefit from the boom. The first bullish objective is located at 115.82 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 117.35 JPY as an objective. Crossing it would then enable buyers to target 124.85 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.5
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 115.50 JPY. On the day, this instrument gained +0.05% and was traded between 115.28 JPY and 115.54 JPY over the period. The price is currently at +0.19% from its lowest and -0.03% from its highest.115.28
115.54
115.50
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
New HIGH record (1 month)
Type : Bullish
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 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 114.75 | 114.89 | 115.29 | 115.50 | 115.82 | 124.85 |
| Change (%) | -0.65% | -0.53% | -0.18% | - | +0.28% | +8.10% |
| Change | -0.75 | -0.61 | -0.21 | - | +0.32 | +9.35 |
| Level | Minor | Minor | Minor | - | Major | 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 | 113.69 | 114.06 | 114.75 | 115.12 | 115.81 | 116.18 | 116.87 |
| Camarilla | 115.15 | 115.25 | 115.34 | 115.44 | 115.54 | 115.63 | 115.73 |
| Woodie | 113.85 | 114.14 | 114.91 | 115.20 | 115.97 | 116.26 | 117.03 |
| Fibonacci | 114.06 | 114.47 | 114.72 | 115.12 | 115.53 | 115.78 | 116.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.09 | 113.58 | 114.51 | 115.00 | 115.93 | 116.42 | 117.35 |
| Camarilla | 115.05 | 115.18 | 115.31 | 115.44 | 115.57 | 115.70 | 115.83 |
| Woodie | 113.31 | 113.69 | 114.73 | 115.11 | 116.15 | 116.53 | 117.57 |
| Fibonacci | 113.58 | 114.12 | 114.46 | 115.00 | 115.54 | 115.88 | 116.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.66 | 110.03 | 112.74 | 114.11 | 116.82 | 118.19 | 120.90 |
| Camarilla | 114.32 | 114.69 | 115.07 | 115.44 | 115.81 | 116.19 | 116.56 |
| Woodie | 109.32 | 110.37 | 113.40 | 114.45 | 117.48 | 118.53 | 121.56 |
| Fibonacci | 110.03 | 111.59 | 112.56 | 114.11 | 115.67 | 116.64 | 118.19 |
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): | 60.96 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 9.67 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 115.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.21 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 115.00 | |
| Zig ZAG (10): | 115.46 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 81.34 | |
| TEMA (21): | 115.53 | |
| Williams %R (14): | -17.95 | |
| Chande Momentum Oscillator (20): | 0.26 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.42 |
| MA7: | 115.11 | |
| MA20: | 114.41 | |
| MA50: | 113.22 | |
| MA100: | 111.83 | |
| MAexp7: | 115.41 | |
| MAexp20: | 115.27 | |
| MAexp50: | 115.07 | |
| MAexp100: | 114.95 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +2.01% | |
| Price / MA100: | +3.28% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.48% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on CAD/JPY at the time of the analysis were as follows:
-
CAD/JPY Forecast March 7, 2023
-
CAD/JPY Forecast October 4, 2022
-
CAD/JPY Forecast September 19, 2022
-
USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
-
S&P 500 Breaks Resistance and Immediately Stalls as CADJPY Explodes Higher
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/JPY - 1H