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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 06/12/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 113.86 JPY
My targets
114.72 JPY (+0.45)
115.15 JPY (+0.88)
My analysis
The bullish trend is currently very strong on CAD/JPY. As long as the price remains above the support at 113.86 JPY, you could try to benefit from the boom. The first bullish objective is located at 114.72 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 115.15 JPY as an objective. Crossing it would then enable buyers to target 115.55 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.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.9

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

The CAD/JPY rating is 114.27 JPY. The price has increased by +0.04% since the last closing and was traded between 113.73 JPY and 114.50 JPY over the period. The price is currently at +0.47% from its lowest and -0.20% from its highest.

113.73
114.50
114.27

Here is a more detailed summary of the historical variations registered by CAD/JPY:
The study of the highest / lowest by the Central Records scanner shows the following results:

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. 85.71% 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 market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

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 this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 112.96 113.44 113.86 114.27 114.38 114.72 115.15
Change (%) -1.15% -0.73% -0.36% - +0.10% +0.39% +0.77%
Change -1.31 -0.83 -0.41 - +0.11 +0.45 +0.88
Level Minor Intermediate Intermediate - Major Intermediate Minor



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
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.19
MACD (12,26,9): -0.0600
Directional Movement: 2.35
AROON (14): -21.43
DEMA (21): 114.07
Parabolic SAR (0,02-0,02-0,2): 113.73
Elder Ray (13): 0.09
Super Trend (3,10): 113.67
Zig ZAG (10): 114.26
VORTEX (21): 0.9700
Stochastique (14,3,5): 44.16
TEMA (21): 114.00
Williams %R (14): -31.17
Chande Momentum Oscillator (20): -0.16
Repulse (5,40,3): 0.3700
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.57
MA7: 113.96
MA20: 114.46
MA50: 113.52
MA100: 112.12
MAexp7: 114.06
MAexp20: 114.13
MAexp50: 114.15
MAexp100: 114.13
Price / MA7: +0.27%
Price / MA20: -0.17%
Price / MA50: +0.66%
Price / MA100: +1.92%
Price / MAexp7: +0.18%
Price / MAexp20: +0.12%
Price / MAexp50: +0.11%
Price / MAexp100: +0.12%

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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