CAD/JPY - 1H - Technical analysis published on 06/13/2024 (GMT)
- 103
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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
72%
6%
22%
My opinion
Bullish above 113.73 JPY
My targets
114.72 JPY (+0.44)
115.32 JPY (+1.04)
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 113.73 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 115.32 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.
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
7.1
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 price is 114.28 JPY. On the day, this instrument gained +0.00% and was traded between 114.12 JPY and 114.32 JPY over the period. The price is currently at +0.14% from its lowest and -0.03% from its highest.114.12
114.32
114.28
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of CAD/JPY indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 112.96 | 113.44 | 113.73 | 114.28 | 114.29 | 114.72 | 115.32 |
| Change (%) | -1.16% | -0.74% | -0.48% | - | +0.01% | +0.39% | +0.91% |
| Change | -1.32 | -0.84 | -0.55 | - | +0.01 | +0.44 | +1.04 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position 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): | 55.28 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 5.38 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 114.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 113.89 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 113.84 | |
| Zig ZAG (10): | 114.29 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 76.38 | |
| TEMA (21): | 114.21 | |
| Williams %R (14): | -11.11 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.17 |
| MA7: | 114.08 | |
| MA20: | 114.47 | |
| MA50: | 113.57 | |
| MA100: | 112.16 | |
| MAexp7: | 114.23 | |
| MAexp20: | 114.19 | |
| MAexp50: | 114.17 | |
| MAexp100: | 114.15 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +1.89% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.11% |
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:
-
CAD/JPY Forecast March 7, 2023
-
CAD/JPY Forecast October 4, 2022
-
CAD/JPY Forecast September 19, 2022
-
USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
-
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.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CAD/JPY - 1H