CAD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADJPY
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CAD/JPY - Daily - Technical analysis published on 10/29/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 109.98 JPY

My targets

112.09 JPY (+1.53)

113.43 JPY (+2.87)

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 109.98 JPY. The buyers' bullish objective is set at 112.09 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 113.43 JPY. If there is any crossing, the next objective would be the resistance located at 115.82 JPY.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.4

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 charleslee08. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/JPY price is 110.56 JPY. The price has increased by +0.27% since the last closing and was traded between 109.91 JPY and 110.70 JPY over the period. The price is currently at +0.59% from its lowest and -0.13% from its highest.

109.91

110.70

110.56

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 for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CAD/JPY in Daily shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	106.25	108.78	109.98	110.56	112.09	113.43	115.82
Change (%)	-3.90%	-1.61%	-0.52%	-	+1.38%	+2.60%	+4.76%
Change	-4.31	-1.78	-0.58	-	+1.53	+2.87	+5.26
Level	Major	Major	Major	-	Intermediate	Minor	Intermediate

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	108.68	109.19	109.72	110.23	110.76	111.27	111.80
Camarilla	109.97	110.07	110.17	110.26	110.36	110.45	110.55
Woodie	108.70	109.20	109.74	110.24	110.78	111.28	111.82
Fibonacci	109.19	109.58	109.83	110.23	110.62	110.87	111.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.56	106.77	108.22	109.43	110.88	112.09	113.54
Camarilla	108.93	109.17	109.42	109.66	109.90	110.15	110.39
Woodie	105.67	106.83	108.33	109.49	110.99	112.15	113.65
Fibonacci	106.77	107.79	108.42	109.43	110.45	111.08	112.09

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.02
MACD (12,26,9):	0.8000
Directional Movement:	13.22
AROON (14):	64.29
DEMA (21):	109.89
Parabolic SAR (0,02-0,02-0,2):	108.95
Elder Ray (13):	0.95
Super Trend (3,10):	107.37
Zig ZAG (10):	110.58
VORTEX (21):	1.2400
Stochastique (14,3,5):	82.21
TEMA (21):	110.52
Williams %R (14):	-3.96
Chande Momentum Oscillator (20):	2.23
Repulse (5,40,3):	0.6400
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	2.54

MA7:	109.82
MA20:	109.02
MA50:	107.30
MA100:	110.12
MAexp7:	109.84
MAexp20:	108.91
MAexp50:	108.44
MAexp100:	109.24
Price / MA7:	+0.67%
Price / MA20:	+1.41%
Price / MA50:	+3.04%
Price / MA100:	+0.40%
Price / MAexp7:	+0.66%
Price / MAexp20:	+1.52%
Price / MAexp50:	+1.95%
Price / MAexp100:	+1.21%

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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