CAD/JPY
CAD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CADJPY
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CAD/JPY - 1H - Technical analysis published on 07/03/2024 (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
78%
0%
22%
My opinion
Bullish above 118.14 JPY
My targets
118.80 JPY (+0.38)
119.87 JPY (+1.45)
My analysis
The bullish trend is currently very strong on CAD/JPY. As long as the price remains above the support at 118.14 JPY, you could try to benefit from the boom. The first bullish objective is located at 118.80 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 119.87 JPY as an objective. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/JPY rating 118.42 JPY. The price registered an increase of +0.30% on the session and was between 118.03 JPY and 118.44 JPY. This implies that the price is at +0.33% from its lowest and at -0.02% from its highest.

118.03
118.44
118.42

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


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


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 117.43 117.88 118.14 118.42
Change (%) -0.84% -0.46% -0.24% -
Change -0.99 -0.54 -0.28 -
Level Major 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
Standard117.03117.26117.67117.90118.31118.54118.95
Camarilla117.89117.95118.01118.07118.13118.19118.25
Woodie117.11117.31117.75117.95118.39118.59119.03
Fibonacci117.26117.51117.66117.90118.15118.30118.54


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard114.86115.46116.53117.13118.20118.80119.87
Camarilla117.13117.28117.44117.59117.74117.90118.05
Woodie115.09115.58116.76117.25118.43118.92120.10
Fibonacci115.46116.10116.50117.13117.77118.17118.80


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard109.67111.32114.45116.10119.23120.88124.01
Camarilla116.28116.71117.15117.59118.03118.47118.91
Woodie110.42111.69115.20116.47119.98121.25124.76
Fibonacci111.32113.14114.27116.10117.92119.05120.88

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): 83.56
MACD (12,26,9): 0.1500
Directional Movement: 26.15
AROON (14): 71.43
DEMA (21): 118.38
Parabolic SAR (0,02-0,02-0,2): 118.27
Elder Ray (13): 0.14
Super Trend (3,10): 118.10
Zig ZAG (10): 118.42
VORTEX (21): 1.2600
Stochastique (14,3,5): 86.86
TEMA (21): 118.43
Williams %R (14): -6.98
Chande Momentum Oscillator (20): 0.34
Repulse (5,40,3): 0.1000
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.49
MA7: 117.57
MA20: 115.87
MA50: 114.82
MA100: 113.06
MAexp7: 118.33
MAexp20: 118.18
MAexp50: 117.94
MAexp100: 117.67
Price / MA7: +0.72%
Price / MA20: +2.20%
Price / MA50: +3.14%
Price / MA100: +4.74%
Price / MAexp7: +0.08%
Price / MAexp20: +0.20%
Price / MAexp50: +0.41%
Price / MAexp100: +0.64%

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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