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 05/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 114.00 JPY

My targets

114.51 JPY (+0.19)

114.80 JPY (+0.48)

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 114.00 JPY. The next resistance located at 114.51 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 114.80 JPY. After this resistance, buyers could then target 115.82 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.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

6.1

Comment on the analysis

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:

Additional analysis

Quotes

The CAD/JPY rating is 114.32 JPY. The price registered an increase of +0.16% on the session and was between 114.07 JPY and 114.42 JPY. This implies that the price is at +0.22% from its lowest and at -0.09% from its highest.

114.07

114.42

114.32

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, which identifies the highest / lowest, has detected several elements:

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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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 : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	113.75	114.00	114.24	114.32	114.51	114.80	115.82
Change (%)	-0.50%	-0.28%	-0.07%	-	+0.17%	+0.42%	+1.31%
Change	-0.57	-0.32	-0.08	-	+0.19	+0.48	+1.50
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	112.13	112.54	113.34	113.75	114.55	114.96	115.76
Camarilla	113.81	113.92	114.03	114.14	114.25	114.36	114.47
Woodie	112.33	112.64	113.54	113.85	114.75	115.06	115.96
Fibonacci	112.54	113.00	113.29	113.75	114.21	114.50	114.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.70	110.67	112.30	113.27	114.90	115.87	117.50
Camarilla	113.22	113.45	113.69	113.93	114.17	114.41	114.65
Woodie	110.03	110.84	112.63	113.44	115.23	116.04	117.83
Fibonacci	110.67	111.66	112.28	113.27	114.26	114.88	115.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.68	107.77	111.14	114.23	117.60	120.69	124.06
Camarilla	112.72	113.32	113.91	114.50	115.09	115.68	116.28
Woodie	104.81	107.84	111.27	114.30	117.73	120.76	124.19
Fibonacci	107.77	110.24	111.77	114.23	116.70	118.23	120.69

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):	57.14
MACD (12,26,9):	0.1000
Directional Movement:	5.06
AROON (14):	7.14
DEMA (21):	114.33
Parabolic SAR (0,02-0,02-0,2):	114.40
Elder Ray (13):	0.04
Super Trend (3,10):	113.96
Zig ZAG (10):	114.23
VORTEX (21):	1.1300
Stochastique (14,3,5):	53.33
TEMA (21):	114.39
Williams %R (14):	-54.29
Chande Momentum Oscillator (20):	0.13
Repulse (5,40,3):	-0.0900
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	0.28

MA7:	114.05
MA20:	113.63
MA50:	112.25
MA100:	111.06
MAexp7:	114.27
MAexp20:	114.19
MAexp50:	114.08
MAexp100:	114.00
Price / MA7:	+0.24%
Price / MA20:	+0.61%
Price / MA50:	+1.84%
Price / MA100:	+2.94%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.21%
Price / MAexp100:	+0.28%

Quotes : - Real time data - Forex

News

The latest news and videos published on CAD/JPY at the time of the analysis were as follows:

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

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