CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 10/21/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

44%

50%

My opinion

Bullish above 106.25 JPY

My targets

109.98 JPY (+1.42)

112.09 JPY (+3.53)

My analysis

The current short-term bullish acceleration on CAD/JPY should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 106.25 JPY. Short-term buyers will use the resistance located at 109.98 JPY as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 112.09 JPY. Crossing this resistance would then open the door for buyers to target 115.82 JPY. Caution, if there is a return to under 106.25 JPY, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

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

2.7

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 shadybhai. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/JPY rating is 108.56 JPY. The price registered an increase of +0.17% on the session and was traded between 107.99 JPY and 108.60 JPY over the period. The price is currently at +0.53% from its lowest and -0.04% from its highest.

107.99

108.60

108.56

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 an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CAD/JPY indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being 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, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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 triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	103.63	104.98	106.25	108.56	108.78	109.98	112.09
Change (%)	-4.54%	-3.30%	-2.13%	-	+0.20%	+1.31%	+3.25%
Change	-4.93	-3.58	-2.31	-	+0.22	+1.42	+3.53
Level	Minor	Minor	Major	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	107.45	107.83	108.11	108.49	108.77	109.15	109.43
Camarilla	108.20	108.26	108.32	108.38	108.44	108.50	108.56
Woodie	107.39	107.81	108.05	108.47	108.71	109.13	109.37
Fibonacci	107.83	108.09	108.24	108.49	108.75	108.90	109.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.46	107.08	107.73	108.35	109.00	109.62	110.27
Camarilla	108.03	108.15	108.26	108.38	108.50	108.61	108.73
Woodie	106.48	107.09	107.75	108.36	109.02	109.63	110.29
Fibonacci	107.08	107.57	107.87	108.35	108.84	109.14	109.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	96.78	99.79	103.03	106.04	109.28	112.29	115.53
Camarilla	104.54	105.11	105.69	106.26	106.83	107.41	107.98
Woodie	96.89	99.85	103.14	106.10	109.39	112.35	115.64
Fibonacci	99.79	102.18	103.66	106.04	108.43	109.91	112.29

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):	55.61
MACD (12,26,9):	0.5100
Directional Movement:	0.93
AROON (14):	28.57
DEMA (21):	108.58
Parabolic SAR (0,02-0,02-0,2):	107.90
Elder Ray (13):	0.04
Super Trend (3,10):	105.47
Zig ZAG (10):	108.55
VORTEX (21):	1.1400
Stochastique (14,3,5):	68.64
TEMA (21):	109.19
Williams %R (14):	-37.32
Chande Momentum Oscillator (20):	0.17
Repulse (5,40,3):	0.4100
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	2.82

MA7:	108.50
MA20:	107.98
MA50:	107.01
MA100:	110.35
MAexp7:	108.50
MAexp20:	107.96
MAexp50:	108.00
MAexp100:	109.14
Price / MA7:	+0.06%
Price / MA20:	+0.54%
Price / MA50:	+1.45%
Price / MA100:	-1.62%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.56%
Price / MAexp50:	+0.52%
Price / MAexp100:	-0.53%

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.

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