CAD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	CADJPY
ISIN:

CAD/JPY - Daily - Technical analysis published on 12/21/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

72%

28%

My opinion

Bullish above 106.14 JPY

My targets

109.98 JPY (+1.16)

111.26 JPY (+2.44)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 106.14 JPY. The buyers' bullish objective is set at 109.98 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 111.26 JPY. If there is any crossing, the next objective would be the resistance located at 113.43 JPY. If there is a bearish break in the support located at 106.14 JPY some indecision would arise.

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

3.4

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

Additional analysis

Quotes

CAD/JPY rating 108.82 JPY. On the day, this instrument lost -0.58% with the lowest point at 108.61 JPY and the highest point at 109.63 JPY. The deviation from the price is +0.19% for the low point and -0.74% for the high point.

108.61

109.63

108.82

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CAD/JPY chart shows a slightly bullish trend. Only 50.00% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

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	106.14	108.69	108.82	109.98	111.26	113.43
Change (%)	-4.77%	-2.46%	-0.12%	-	+1.07%	+2.24%	+4.24%
Change	-5.19	-2.68	-0.13	-	+1.16	+2.44	+4.61
Level	Minor	Major	Major	-	Major	Major	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	107.39	108.00	108.41	109.02	109.43	110.04	110.45
Camarilla	108.54	108.63	108.73	108.82	108.91	109.01	109.10
Woodie	107.29	107.95	108.31	108.97	109.33	109.99	110.35
Fibonacci	108.00	108.39	108.63	109.02	109.41	109.65	110.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.98	105.39	107.10	108.51	110.22	111.63	113.34
Camarilla	107.96	108.25	108.53	108.82	109.11	109.39	109.68
Woodie	104.14	105.47	107.26	108.59	110.38	111.71	113.50
Fibonacci	105.39	106.58	107.32	108.51	109.70	110.44	111.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.49	103.63	105.28	108.42	110.07	113.21	114.86
Camarilla	105.61	106.05	106.49	106.93	107.37	107.81	108.25
Woodie	99.75	103.26	104.54	108.05	109.33	112.84	114.12
Fibonacci	103.63	105.46	106.59	108.42	110.25	111.38	113.21

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):	53.55
MACD (12,26,9):	-0.2000
Directional Movement:	4.12
AROON (14):	57.15
DEMA (21):	107.68
Parabolic SAR (0,02-0,02-0,2):	106.79
Elder Ray (13):	1.17
Super Trend (3,10):	109.95
Zig ZAG (10):	108.82
VORTEX (21):	0.9400
Stochastique (14,3,5):	68.64
TEMA (21):	107.67
Williams %R (14):	-26.20
Chande Momentum Oscillator (20):	1.83
Repulse (5,40,3):	0.7300
ROCnROLL:	1
TRIX (15,9):	-0.0700
Courbe Coppock:	0.61

MA7:	108.02
MA20:	107.58
MA50:	108.95
MA100:	107.85
MAexp7:	108.14
MAexp20:	108.05
MAexp50:	108.42
MAexp100:	108.90
Price / MA7:	+0.74%
Price / MA20:	+1.15%
Price / MA50:	-0.12%
Price / MA100:	+0.90%
Price / MAexp7:	+0.63%
Price / MAexp20:	+0.71%
Price / MAexp50:	+0.37%
Price / MAexp100:	-0.07%

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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