CADJPY Down 2 Pips Over Past Hour, Came Into Today Up For the 9th Day In A Row; in an Uptrend Over Past 30 Days
The closest is the 20 day average, which is 336.3 pips away.
CADJPY
(Last Updated April 15, 2021)
Hello! This is the news page for CADJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for CADJPY
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Japan BoJ Gov Kuroda Speech | NA | Japanese Yen | JPY | 2021-04-15 | 01:00 GMT | ||
| Canada Manufacturing Sales MoM | Feb 2021 | Canadian Dollar | CAD | 2021-04-15 | 12:30 GMT | -1% | -1.6% |
| Japan Reuters Tankan Index | Apr 2021 | Japanese Yen | JPY | 2021-04-15 | 23:00 GMT | ||
| Canada Housing Starts | Mar 2021 | Canadian Dollar | CAD | 2021-04-16 | 12:15 GMT | 250K | |
| Japan Exports YoY | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT |
The Trend
If we observe the 90 and 30 day timeframes, we see an uptrend in place for CADJPY.
CADJPY Moving Averages
The moving averages on CADJPY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, suggesting the trend is generally upward, aside from a fall about 3 weeks prior.
The chart below illustrates.
As for assets in the Forex asset class CADJPY has been correlated to over the past week, it has been most correlated with EURCAD. Over the past 14 days, however, the asset showing the strongest correlation to CADJPY is CADCHF. Alternatively, EURTRY has been the asset least correlated with CADJPY — but if we observe the prior two weeks, the asset least correlated with CADJPY has been EURJPY. The chart below illustrates CADJPY against its least correlated assets.
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The View From the Weekly Timeframe
Currently, CADJPY’s rate is down -4950 pips (-0.57%) from the week prior. CADJPY has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly 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’s weekly price action over the past 52 weeks can be seen via the chart below.
CADJPY: The Monthly View
Monthly view favors rangebound strategies. No clear trend on the 24, 60 and 120 month timeframes.
CADJPY Down 1 Pips On Hourly Chart, Moves Up For the 9th Day In A Row; in an Uptrend Over Past 14 Days
The closest is the 20 day average, which is 336.3 pips away.
CADJPY Up 19 Pips On Hourly Chart, Moves Up For the 8th Straight Day; in an Uptrend Over Past 30 Days
Compared to its peers in the forex, cadjpy gave its buyers a return that ranked 19th in terms of percentage change since the day prior.
CADJPY Down 5 Pips Over Past Hour, Entered Today Up For the 7th Straight Day; in an Uptrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
CADJPY Down 4 Pips Over Past Hour, Came Into Today Up For the 6th Day In A Row; in an Uptrend Over Past 14 Days
The closest is the 100 day average, which is 373.7 pips away.
CADJPY Up 8 Pips Over Past Hour, Moves Up For the 5th Consecutive Day; in an Uptrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
CADJPY Up 3 Pips On Hourly Chart, Outperforms All Forex; in an Uptrend Over Past 14 Days
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.
CADJPY Down 2 Pips On Hourly Chart; in an Uptrend Over Past 14 Days
The closest is the 100 day average, which is 71 pips away.
CADJPY Down 2 Pips Over Past Hour, Came Into Today Up For the 2nd Consecutive Day; Breaks Above 100 Day Average
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
CAD/JPY Down 14 Pips in Last Hour, 5 Day Up Streak Ended; Doji Pattern Appearing on Chart
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.