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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
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CAD/JPY - 1H - Technical analysis published on 06/12/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 113.86 JPY
My targets
114.72 JPY (+0.23)
115.15 JPY (+0.66)
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 113.86 JPY. The buyers' bullish objective is set at 114.72 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 115.15 JPY. If there is any crossing, the next objective would be the resistance located at 115.55 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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 114.49 JPY. The price has increased by +0.24% since the last closing and was between 114.18 JPY and 114.50 JPY. This implies that the price is at +0.27% from its lowest and at -0.01% from its highest.

114.18
114.50
114.49

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:

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 strongly bullish. 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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 these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

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 113.44 113.86 114.38 114.49 114.72 115.15 115.55
Change (%) -0.92% -0.55% -0.10% - +0.20% +0.58% +0.93%
Change -1.05 -0.63 -0.11 - +0.23 +0.66 +1.06
Level Intermediate Intermediate Major - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard113.41113.63113.93114.15114.45114.67114.97
Camarilla114.08114.13114.17114.22114.27114.32114.36
Woodie113.44113.65113.96114.17114.48114.69115.00
Fibonacci113.63113.83113.96114.15114.35114.48114.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard110.12111.54112.71114.13115.30116.72117.89
Camarilla113.17113.41113.64113.88114.12114.36114.59
Woodie110.00111.48112.59114.07115.18116.66117.77
Fibonacci111.54112.53113.14114.13115.12115.73116.72


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard108.66110.03112.74114.11116.82118.19120.90
Camarilla114.32114.69115.07115.44115.81116.19116.56
Woodie109.32110.37113.40114.45117.48118.53121.56
Fibonacci110.03111.59112.56114.11115.67116.64118.19

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): 65.47
MACD (12,26,9): 0.0700
Directional Movement: 13.11
AROON (14): 100.00
DEMA (21): 114.42
Parabolic SAR (0,02-0,02-0,2): 114.26
Elder Ray (13): 0.09
Super Trend (3,10): 114.19
Zig ZAG (10): 114.47
VORTEX (21): 1.2300
Stochastique (14,3,5): 90.68
TEMA (21): 114.45
Williams %R (14): -6.45
Chande Momentum Oscillator (20): 0.25
Repulse (5,40,3): 0.0600
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.34
MA7: 113.99
MA20: 114.47
MA50: 113.52
MA100: 112.12
MAexp7: 114.41
MAexp20: 114.33
MAexp50: 114.22
MAexp100: 114.16
Price / MA7: +0.44%
Price / MA20: +0.02%
Price / MA50: +0.85%
Price / MA100: +2.11%
Price / MAexp7: +0.07%
Price / MAexp20: +0.14%
Price / MAexp50: +0.24%
Price / MAexp100: +0.29%

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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