CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: CADJPY
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CAD/JPY - 1H - Technical analysis published on 06/13/2024 (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
83%
6%
11%
My opinion
Bullish above 114.29 JPY
My targets
114.72 JPY (+0.26)
115.32 JPY (+0.86)
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 114.29 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 115.32 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/JPY rating is 114.46 JPY. On the day, this instrument gained +0.16% with the lowest point at 114.12 JPY and the highest point at 114.51 JPY. The deviation from the price is +0.30% for the low point and -0.04% for the high point.

114.12
114.51
114.46

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 CAD/JPY in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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, 15 technical indicators out of 18 analysed are currently bullish. 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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 113.44 113.73 114.29 114.46 114.72 115.32 115.55
Change (%) -0.89% -0.64% -0.15% - +0.23% +0.75% +0.95%
Change -1.02 -0.73 -0.17 - +0.26 +0.86 +1.09
Level Minor Intermediate Major - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard113.07113.40113.84114.17114.61114.94115.38
Camarilla114.07114.14114.21114.28114.35114.42114.49
Woodie113.13113.43113.90114.20114.67114.97115.44
Fibonacci113.40113.69113.88114.17114.46114.65114.94


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

Technical indicators
Moving averages

RSI (14): 63.88
MACD (12,26,9): 0.0500
Directional Movement: 13.18
AROON (14): 92.86
DEMA (21): 114.29
Parabolic SAR (0,02-0,02-0,2): 113.99
Elder Ray (13): 0.13
Super Trend (3,10): 113.96
Zig ZAG (10): 114.49
VORTEX (21): 0.9700
Stochastique (14,3,5): 89.75
TEMA (21): 114.33
Williams %R (14): -2.60
Chande Momentum Oscillator (20): 0.22
Repulse (5,40,3): 0.2000
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.57
MA7: 114.12
MA20: 114.48
MA50: 113.57
MA100: 112.17
MAexp7: 114.33
MAexp20: 114.24
MAexp50: 114.20
MAexp100: 114.17
Price / MA7: +0.30%
Price / MA20: -0.02%
Price / MA50: +0.78%
Price / MA100: +2.04%
Price / MAexp7: +0.11%
Price / MAexp20: +0.19%
Price / MAexp50: +0.23%
Price / MAexp100: +0.25%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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