CAD/JPY - Daily - Technical analysis published on 06/10/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 105.20 JPY
My targets
107.89 JPY (+1.99)
109.98 JPY (+4.08)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAD/JPY. This is a positive signal for buyers. As long as the price remains above 105.20 JPY, a purchase could be considered. The first bullish objective is located at 107.89 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 109.98 JPY as an objective. Crossing it would then enable buyers to target 111.27 JPY. In the event of a return below 105.20 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.3
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Additional analysis
Quotes
CAD/JPY rating 105.90 JPY. The price has increased by +0.36% since the last closing with the lowest point at 105.33 JPY and the highest point at 106.03 JPY. The deviation from the price is +0.54% for the low point and -0.12% for the high point.105.33
106.03
105.90
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CAD/JPY chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1 (Daily)
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 101.89 | 103.66 | 105.20 | 105.90 | 106.19 | 107.89 | 109.98 |
Change (%) | -3.79% | -2.12% | -0.66% | - | +0.27% | +1.88% | +3.85% |
Change | -4.01 | -2.24 | -0.70 | - | +0.29 | +1.99 | +4.08 |
Level | Intermediate | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 104.67 | 104.97 | 105.25 | 105.55 | 105.83 | 106.13 | 106.41 |
Camarilla | 105.36 | 105.41 | 105.47 | 105.52 | 105.57 | 105.63 | 105.68 |
Woodie | 104.65 | 104.97 | 105.23 | 105.55 | 105.81 | 106.13 | 106.39 |
Fibonacci | 104.97 | 105.20 | 105.33 | 105.55 | 105.78 | 105.91 | 106.13 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 102.24 | 103.04 | 104.42 | 105.22 | 106.60 | 107.40 | 108.78 |
Camarilla | 105.20 | 105.40 | 105.60 | 105.80 | 106.00 | 106.20 | 106.40 |
Woodie | 102.53 | 103.19 | 104.71 | 105.37 | 106.89 | 107.55 | 109.07 |
Fibonacci | 103.04 | 103.87 | 104.39 | 105.22 | 106.05 | 106.57 | 107.40 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 99.93 | 101.47 | 103.18 | 104.72 | 106.43 | 107.97 | 109.68 |
Camarilla | 104.00 | 104.29 | 104.59 | 104.89 | 105.19 | 105.49 | 105.78 |
Woodie | 100.02 | 101.51 | 103.27 | 104.76 | 106.52 | 108.01 | 109.77 |
Fibonacci | 101.47 | 102.71 | 103.48 | 104.72 | 105.96 | 106.73 | 107.97 |
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): | 58.98 | |
MACD (12,26,9): | 0.3800 | |
Directional Movement: | 10.29 | |
AROON (14): | 85.71 | |
DEMA (21): | 105.15 | |
Parabolic SAR (0,02-0,02-0,2): | 103.89 | |
Elder Ray (13): | 0.75 | |
Super Trend (3,10): | 106.15 | |
Zig ZAG (10): | 105.91 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 90.81 | |
TEMA (21): | 105.42 | |
Williams %R (14): | -3.64 | |
Chande Momentum Oscillator (20): | 2.04 | |
Repulse (5,40,3): | 0.8800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 2.01 |
MA7: | 105.05 | |
MA20: | 104.51 | |
MA50: | 103.99 | |
MA100: | 104.69 | |
MAexp7: | 105.25 | |
MAexp20: | 104.72 | |
MAexp50: | 104.47 | |
MAexp100: | 105.06 | |
Price / MA7: | +0.81% | |
Price / MA20: | +1.33% | |
Price / MA50: | +1.84% | |
Price / MA100: | +1.16% | |
Price / MAexp7: | +0.62% | |
Price / MAexp20: | +1.13% | |
Price / MAexp50: | +1.37% | |
Price / MAexp100: | +0.80% |
Quotes :
-
Real time data
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Forex
News
The last news published on CAD/JPY at the time of the generation of this analysis was as follows:
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CAD/JPY Analysis: Canadian Dollar Continues to Fall Against the Yen
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CAD/JPY Analysis: Can the Loonie Bounce Against the Yen?
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CAD/JPY Analysis: The Yen Continues to Strengthen
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CAD/JPY Forecast December 11, 2024
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CAD/JPY Forecast November 29, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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