(Last Updated May 14, 2021 0:18 GMT)
At the time of this writing, CADJPY’s rate is down -400 pips (-0.04%) from the hour prior. The hourly chart shows that CADJPY has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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)
The choppiness in the recent daily price action of CADJPY continues; to start today, it came in at a price of 90.461, up 62 pips (0.69%) since the day prior. Out of the 39 instruments in the Forex asset class, CADJPY ended up ranking 13th for the day in terms of price change. Here is a price chart of CADJPY.
CADJPY Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days.