(Last Updated April 1, 2021 0:17 GMT)
At the time of this writing, CADJPY’s rate is up 460 pips (0.05%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as CADJPY has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
CADJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
CADJPY is up 16 pips (0.19%) since yesterday (opening today near 87.398), marking the 2nd day in a row it has gone up. Compared to its peers in the Forex, CADJPY gave its buyers a return that ranked 11th in terms of percentage change since yesterday. Here is a price chart of CADJPY.
CADJPY Technical Analysis
Notably, CADJPY is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for CADJPY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days CADJPY’s price has gone up 9 them.