Technical analysis for CADJPY

The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.

The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.

The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.

The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.

You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.

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About CADJPY

The CADJPY pair is the abbreviation for the Canadian Dollar and Japanese Yen. The pair is characterized by its high volatility and strong, long-lasting trends, making it a profitable option when pursuing medium and long term trading strategies. The trading instrument is most active during the Asian and American sessions and least active during the European session. The movement of CADJPY is strongly influenced by fundamental data, including world oil prices, changes in trade balance and interest rates in Canada and Japan. There is also a significant correlation with th charts of Brent crude oil and its oil futures, as well as EURJPY pair chart. Trading CADJPY is considered quite difficult, because it requires experience running medium-term strategies. Short-term trading tactics are not effective for this asset due to the increased spread as a result of double conversion.