CAD/JPY - 1H - Technical analysis published on 07/04/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 106.19 JPY
My targets
107.03 JPY (+0.42)
107.89 JPY (+1.28)
My analysis
The bullish trend is currently very strong on CAD/JPY. As long as the price remains above the support at 106.19 JPY, you could try to benefit from the boom. The first bullish objective is located at 107.03 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 107.89 JPY as an objective. Crossing it would then enable buyers to target 109.98 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by balwinder35. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/JPY price is 106.61 JPY. On the day, this instrument gained +0.01% and was between 106.49 JPY and 106.66 JPY. This implies that the price is at +0.11% from its lowest and at -0.05% from its highest.106.49
106.66
106.61
Here is a more detailed summary of the historical variations registered by CAD/JPY:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/JPY in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point (Daily)
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 105.73 | 105.95 | 106.19 | 106.61 | 107.03 | 107.89 | 109.98 |
Change (%) | -0.83% | -0.62% | -0.39% | - | +0.39% | +1.20% | +3.16% |
Change | -0.88 | -0.66 | -0.42 | - | +0.42 | +1.28 | +3.37 |
Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
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 |
---|---|---|---|---|---|---|---|
Standard | 104.36 | 104.98 | 105.79 | 106.41 | 107.22 | 107.84 | 108.65 |
Camarilla | 106.21 | 106.34 | 106.47 | 106.60 | 106.73 | 106.86 | 106.99 |
Woodie | 104.46 | 105.03 | 105.89 | 106.46 | 107.32 | 107.89 | 108.75 |
Fibonacci | 104.98 | 105.53 | 105.86 | 106.41 | 106.96 | 107.29 | 107.84 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 102.38 | 103.70 | 104.69 | 106.01 | 107.00 | 108.32 | 109.31 |
Camarilla | 105.04 | 105.25 | 105.46 | 105.67 | 105.88 | 106.09 | 106.31 |
Woodie | 102.21 | 103.62 | 104.52 | 105.93 | 106.83 | 108.24 | 109.14 |
Fibonacci | 103.70 | 104.59 | 105.13 | 106.01 | 106.90 | 107.44 | 108.32 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 100.41 | 102.12 | 103.91 | 105.62 | 107.41 | 109.12 | 110.91 |
Camarilla | 104.73 | 105.05 | 105.37 | 105.69 | 106.01 | 106.33 | 106.65 |
Woodie | 100.44 | 102.14 | 103.94 | 105.64 | 107.44 | 109.14 | 110.94 |
Fibonacci | 102.12 | 103.46 | 104.29 | 105.62 | 106.96 | 107.79 | 109.12 |
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): | 62.36 | |
MACD (12,26,9): | 0.2300 | |
Directional Movement: | 8.44 | |
AROON (14): | 28.57 | |
DEMA (21): | 106.80 | |
Parabolic SAR (0,02-0,02-0,2): | 106.91 | |
Elder Ray (13): | -0.03 | |
Super Trend (3,10): | 106.44 | |
Zig ZAG (10): | 106.59 | |
VORTEX (21): | 1.2100 | |
Stochastique (14,3,5): | 63.40 | |
TEMA (21): | 106.83 | |
Williams %R (14): | -35.25 | |
Chande Momentum Oscillator (20): | -0.02 | |
Repulse (5,40,3): | -0.0800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0400 | |
Courbe Coppock: | 1.19 |
MA7: | 105.91 | |
MA20: | 105.92 | |
MA50: | 104.99 | |
MA100: | 104.44 | |
MAexp7: | 106.64 | |
MAexp20: | 106.47 | |
MAexp50: | 106.09 | |
MAexp100: | 105.88 | |
Price / MA7: | +0.66% | |
Price / MA20: | +0.65% | |
Price / MA50: | +1.54% | |
Price / MA100: | +2.08% | |
Price / MAexp7: | -0.03% | |
Price / MAexp20: | +0.13% | |
Price / MAexp50: | +0.49% | |
Price / MAexp100: | +0.69% |
Quotes :
-
Real time data
-
Forex
News
Don't forget to follow the news on CAD/JPY. At the time of publication of this analysis, the latest news was as follows:
-
CAD/JPY Analysis: Canadian Dollar Rallies and Fails Against the Yen
-
CAD/JPY Analysis: Canadian Dollar Recovers Against the Yen
-
CAD/JPY Analysis: Canadian Dollar Continues to Fall Against the Yen
-
CAD/JPY Analysis: Can the Loonie Bounce Against the Yen?
-
CAD/JPY Analysis: The Yen Continues to Strengthen
This member declared not having a position on this financial instrument or a related financial instrument.
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