(Last Updated April 8, 2020)
Hello! This is the news page for CADJPY. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of CADJPY:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bearish
How the Current CADJPY Rate Fares Relative to the Past Year?
The exchange rate for CADJPY closed yesterday at 77.624. That means that relative to the past year, the rate of CADJPY is now closer to its 52 week low (73.803) than its 52 week high (currently at 84.756).To dig deeper and get the latest news on CADJPY, try the links below. You can also visit the MarketWatch or Investing.com pages on CADJPY for more news as well.
Traders interested in playing the ranges may wish to consider that the unclear trend on the 14 day chart, coupled with price being close to the upper bollinger band may be signalling a short opportunity.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
As for the rationale, technical traders seem to be citing the appearance of double top, fibonacci, pennant, trendline and triangle technical patterns.
Compared to its peers in the forex, cad/jpy gave its buyers a return that ranked 8th in terms of percentage change since yesterday.
Or to simplify this another way, note that out of the past 30 days cad/jpy’s price has gone down 15 them.
It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.
Relative to other instruments in the forex asset class, cad/jpy ranked 9th the previous day in terms of percentage price change.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.