CAD/JPY - 1H - Technical analysis published on 06/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 113.86 JPY
My targets
114.72 JPY (+0.45)
115.15 JPY (+0.88)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/JPY as long as the price remains well above 113.86 JPY. The buyers' bullish objective is set at 114.72 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 115.15 JPY. If there is any crossing, the next objective would be the resistance located at 115.55 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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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 114.27 JPY. On the day, this instrument lost -0.01% and was traded between 114.26 JPY and 114.28 JPY over the period. The price is currently at +0.01% from its lowest and -0.01% from its highest.114.26
114.28
114.27
Here is a more detailed summary of the historical variations registered by CAD/JPY:
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
A technical analysis in 1H of this CAD/JPY chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 112.96 | 113.44 | 113.86 | 114.27 | 114.38 | 114.72 | 115.15 |
| Change (%) | -1.15% | -0.73% | -0.36% | - | +0.10% | +0.39% | +0.77% |
| Change | -1.31 | -0.83 | -0.41 | - | +0.11 | +0.45 | +0.88 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
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 | 113.07 | 113.40 | 113.84 | 114.17 | 114.61 | 114.94 | 115.38 |
| Camarilla | 114.07 | 114.14 | 114.21 | 114.28 | 114.35 | 114.42 | 114.49 |
| Woodie | 113.13 | 113.43 | 113.90 | 114.20 | 114.67 | 114.97 | 115.44 |
| Fibonacci | 113.40 | 113.69 | 113.88 | 114.17 | 114.46 | 114.65 | 114.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.12 | 111.54 | 112.71 | 114.13 | 115.30 | 116.72 | 117.89 |
| Camarilla | 113.17 | 113.41 | 113.64 | 113.88 | 114.12 | 114.36 | 114.59 |
| Woodie | 110.00 | 111.48 | 112.59 | 114.07 | 115.18 | 116.66 | 117.77 |
| Fibonacci | 111.54 | 112.53 | 113.14 | 114.13 | 115.12 | 115.73 | 116.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.66 | 110.03 | 112.74 | 114.11 | 116.82 | 118.19 | 120.90 |
| Camarilla | 114.32 | 114.69 | 115.07 | 115.44 | 115.81 | 116.19 | 116.56 |
| Woodie | 109.32 | 110.37 | 113.40 | 114.45 | 117.48 | 118.53 | 121.56 |
| Fibonacci | 110.03 | 111.59 | 112.56 | 114.11 | 115.67 | 116.64 | 118.19 |
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): | 54.04 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 6.16 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 114.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 113.80 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 113.77 | |
| Zig ZAG (10): | 114.28 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 114.14 | |
| Williams %R (14): | -27.27 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.37 |
| MA7: | 113.96 | |
| MA20: | 114.46 | |
| MA50: | 113.52 | |
| MA100: | 112.12 | |
| MAexp7: | 114.19 | |
| MAexp20: | 114.17 | |
| MAexp50: | 114.16 | |
| MAexp100: | 114.14 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on CAD/JPY at the time of the analysis were as follows:
-
CAD/JPY Forecast March 7, 2023
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CAD/JPY Forecast October 4, 2022
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CAD/JPY Forecast September 19, 2022
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USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
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S&P 500 Breaks Resistance and Immediately Stalls as CADJPY Explodes Higher
This member declared not having a position on this financial instrument or a related financial instrument.
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