The closest is the 20 day average, which is 21.7 pips away.
The closest is the 20 day average, which is 63.6 pips away.
Or to simplify this another way, note that out of the past 10 days cadjpy’s price has gone down 8 them.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Or to simplify this another way, note that out of the past 14 days cadjpy’s price has gone down 10 them.
For additional context, note that price has gone down 17 out of the past 30 days.
This move is a reversal from the hour prior, which saw price move up.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Volatility for cadjpy has been contracting over the past two weeks relative to volatility over the past month.
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.