CAD/JPY Down 0 Pips Over Past Hour, Entered Today Up For the 7th Day In A Row; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated September 13, 2022 1:39 GMT)

At the time of this writing, CADJPY’s rate is down 0 pips (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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 choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

CADJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

CADJPY is up 25 pips (0.23%) since the day prior (opening today near 109.93), marking the 7th day in a row it has gone up. Compared to its peers in the Forex, CADJPY gave its buyers a return that ranked 16th in terms of percentage change since the day prior. Let’s take a look at price chart of CADJPY.

CADJPY

CADJPY Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 11 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on CADJPY, with 5 buy signals on our radar and 1 sell signals. This imputes a buy/sell ratio of 5, which is very bullish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

CADJPY Bullish Sequence Example with updated GKL from the SK system video 001