(Last Updated March 24, 2021 1:17 GMT)
At the time of this writing, CADJPY’s rate is down -530 pips (-0.06%) from the hour prior. CADJPY has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 20, 50, 100 and 200 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 down 33 pips (0.38%) since yesterday (opening today near 86.872), marking the 3rd day in a row a decrease has occurred. Relative to other instruments in the Forex asset class, CADJPY ranked 30th yesterday in terms of percentage price change. Here is a price chart of CADJPY.
CADJPY Technical Analysis
Coming into today CADJPY is now close to its 20 day averages, located at 85.8318 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 days.