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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 08/11/2023 (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
67%
6%
28%
My opinion
Bullish above 107.53 JPY
My targets
108.13 JPY (+0.27)
108.91 JPY (+1.05)
My analysis
CAD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 107.53 JPY. The next resistance located at 108.13 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 108.91 JPY. After this resistance, buyers could then target 109.98 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
8

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.

mkbnet
This analysis was given by mkbnet. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/JPY rating is 107.86 JPY. The price has increased by +0.11% since the last closing and was between 107.43 JPY and 107.94 JPY. This implies that the price is at +0.40% from its lowest and at -0.07% from its highest.

107.43
107.94
107.86

Here is a more detailed summary of the historical variations registered by CAD/JPY:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 106.39 107.05 107.53 107.86 107.87 108.13 109.98
Change (%) -1.36% -0.75% -0.31% - +0.01% +0.25% +1.97%
Change -1.47 -0.81 -0.33 - +0.01 +0.27 +2.12
Level Minor Intermediate Minor - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard106.39106.72107.23107.56108.07108.40108.91
Camarilla107.51107.59107.66107.74107.82107.89107.97
Woodie106.48106.77107.32107.61108.16108.45109.00
Fibonacci106.72107.04107.24107.56107.88108.08108.40


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.93104.41105.18106.66107.43108.91109.68
Camarilla105.34105.55105.75105.96106.17106.37106.58
Woodie102.59104.23104.84106.48107.09108.73109.34
Fibonacci104.41105.27105.80106.66107.52108.05108.91


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard99.76101.99104.93107.16110.10112.33115.27
Camarilla106.45106.92107.40107.87108.34108.82109.29
Woodie100.12102.17105.29107.34110.46112.51115.63
Fibonacci101.99103.97105.19107.16109.14110.36112.33

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): 66.94
MACD (12,26,9): 0.0500
Directional Movement: 13.14
AROON (14): 35.71
DEMA (21): 107.70
Parabolic SAR (0,02-0,02-0,2): 107.43
Elder Ray (13): 0.06
Super Trend (3,10): 107.36
Zig ZAG (10): 107.90
VORTEX (21): 0.9500
Stochastique (14,3,5): 63.20
TEMA (21): 107.64
Williams %R (14): -9.80
Chande Momentum Oscillator (20): 0.23
Repulse (5,40,3): 0.4800
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.16
MA7: 106.98
MA20: 106.70
MA50: 106.75
MA100: 103.45
MAexp7: 107.65
MAexp20: 107.61
MAexp50: 107.42
MAexp100: 107.19
Price / MA7: +0.82%
Price / MA20: +1.09%
Price / MA50: +1.04%
Price / MA100: +4.26%
Price / MAexp7: +0.20%
Price / MAexp20: +0.23%
Price / MAexp50: +0.41%
Price / MAexp100: +0.63%

Quotes : - Real time data - Forex

News


The last news published on CAD/JPY at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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