04.11.26 Daily ForecastPairs on Watch -
FX:CADJPY : I am currently in a live long position on this pair after placing a reduce risk entry on the 15M stack pre-London. I break down my trade idea for this entry in the video, but a very simple repeatable process. We can see on the higher timeframe price is not moving the
Canadian Dollar / Japanese Yen
No trades
No trades
Peers for comparison
Pair info
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
CADJPY Daily: Long SetupCADJPY has broken above the neckline of an inverted head and shoulders on the Daily timeframe. A bullish divergence into the head backs up the reversal.
Analysis:
Bullish divergence : Price made a lower low while the momentum oscillator made a higher low, which suggests selling pressure was fadi
CADJPY — Bullish Continuation | Tracking Higher-Timeframe Liquid
**Higher-Timeframe Objective**
Following price reaching and breaking through the intermediate levels identified as last week's objectives, attention now shifts toward the higher-timeframe external lower high.
This remains my primary objective for the current week and the sessions ahead, sitting
Bullish bounce setup?CAD/JPY is falling to the support level, which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 111.89
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 111.22
W
Bullish bounce in play?CAD/JPY has bounced off the support level, which is an overlap support and could potentially rise from this level to our take profit.
Entry: 111.89
Why we like it:
There is an overlap support level.
Stop loss: 111.50
Why we like it:
There is a pullback support level.
Take profit: 112.80
Why we li
Bullish bounce off pullback support?CAD/JPY is falling toward the pivot, which has been identified as a pullback support, and could bounce toward the 1st resistance, which acts as a pullback resistance.
Pivot: 112.53
1st Support: 111.52
1st Resistance: 113.37
Disclaimer:
The opinions given above constitute general market commentar
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
Today, CAD/JPY rate is 112.141 JPY.
For broader market analysis, dive into the technicals on the CADJPY live chart and read the latest CADJPY news:
– investingLive Asia-pacific FX news wrap 19 Aug: Like watching paint dry
– Important implied volatility levels for USDCAD, EURCAD, GBPCAD and CADJPY
– JP Morgan favour short CAD, long JPY
For broader market analysis, dive into the technicals on the CADJPY live chart and read the latest CADJPY news:
– investingLive Asia-pacific FX news wrap 19 Aug: Like watching paint dry
– Important implied volatility levels for USDCAD, EURCAD, GBPCAD and CADJPY
– JP Morgan favour short CAD, long JPY
Markets don't sleep, here's what's going on with CADJPY at the moment:
– investingLive Asia-pacific FX news wrap 19 Aug: Like watching paint dry
– Important implied volatility levels for USDCAD, EURCAD, GBPCAD and CADJPY
– JP Morgan favour short CAD, long JPY
See more updates in real-time with our News Flow.
– investingLive Asia-pacific FX news wrap 19 Aug: Like watching paint dry
– Important implied volatility levels for USDCAD, EURCAD, GBPCAD and CADJPY
– JP Morgan favour short CAD, long JPY
See more updates in real-time with our News Flow.
The safest way to trade CADJPY is through a reliable broker. Create an account, fund it, and place a buy order.
You can trade CADJPY directly from TradingView:
– Choose a broker: Explore our supported trading partners and pick one that fits your needs
– Compare options: View available brokers side by side to evaluate fees and features
– Connect your account: Open Supercharts, click "Trade", select your broker, and log in
– Start trading: Place orders without leaving the chart
Tip: If you're new to trading, try paper trading first — it lets you practice strategies in real market conditions without risking funds.
You can trade CADJPY directly from TradingView:
– Choose a broker: Explore our supported trading partners and pick one that fits your needs
– Compare options: View available brokers side by side to evaluate fees and features
– Connect your account: Open Supercharts, click "Trade", select your broker, and log in
– Start trading: Place orders without leaving the chart
Tip: If you're new to trading, try paper trading first — it lets you practice strategies in real market conditions without risking funds.
It's worth checking CADJPY rate change for various periods to get the full picture:
– 1 day — −0.68%
– 1 week — −0.10%
– 1 month — +1.17%
CADJPY's all-time low was 72.130 JPY (Oct 4, 2011), and its highest price is 118.846 JPY (Jul 10, 2024). Track the dynamics with the latest forex news right on TradingView.
– 1 day — −0.68%
– 1 week — −0.10%
– 1 month — +1.17%
CADJPY's all-time low was 72.130 JPY (Oct 4, 2011), and its highest price is 118.846 JPY (Jul 10, 2024). Track the dynamics with the latest forex news right on TradingView.
When trading CADJPY, one should keep in mind many factors.
First, analyze the fundamentals:
– Macroeconomic data: Inflation, GDP, employment, and other key indicators in the economies behind both currencies
– Central bank policy: Interest rate decisions and monetary policy from the respective central banks
– Market sentiment: Check what other traders anticipate
– News flow: Geopolitical events and economic releases
Then check technical ratings:
– Today — sell
– 1-week — sell
– 1-month — buy
Identify the trend, watch key levels (support and resistance), consider volatility and upcoming economic events. Then, you'll be closer to an informed decision.
First, analyze the fundamentals:
– Macroeconomic data: Inflation, GDP, employment, and other key indicators in the economies behind both currencies
– Central bank policy: Interest rate decisions and monetary policy from the respective central banks
– Market sentiment: Check what other traders anticipate
– News flow: Geopolitical events and economic releases
Then check technical ratings:
– Today — sell
– 1-week — sell
– 1-month — buy
Identify the trend, watch key levels (support and resistance), consider volatility and upcoming economic events. Then, you'll be closer to an informed decision.
CADJPY is a minor currency pair (also known as a cross pair), meaning it includes two major currencies but doesn't involve the US dollar.
What it means for traders:
– No USD exposure: Reflects the relative strength of two non-USD economies
– Lower liquidity than major pairs: Generally traded less than major currency pairs, but still widely available
– Potentially wider spreads: Trading costs may be higher than for major pairs
What to keep in mind about cross pairs:
– Region-focused moves: Often influenced by economic data and monetary policy in the two regions involved
– Direct currency comparison: Useful for comparing currencies without the influence of the US dollar
– Different volatility profile: May behave differently from major pairs, especially during regional events
Track rate movements on the CADJPY chart and follow the latest forex news to stay informed.
What it means for traders:
– No USD exposure: Reflects the relative strength of two non-USD economies
– Lower liquidity than major pairs: Generally traded less than major currency pairs, but still widely available
– Potentially wider spreads: Trading costs may be higher than for major pairs
What to keep in mind about cross pairs:
– Region-focused moves: Often influenced by economic data and monetary policy in the two regions involved
– Direct currency comparison: Useful for comparing currencies without the influence of the US dollar
– Different volatility profile: May behave differently from major pairs, especially during regional events
Track rate movements on the CADJPY chart and follow the latest forex news to stay informed.
CADJPY volatility measures how much the exchange rate fluctuates over time, i.e. how quickly and how strongly it moves up or down.
The current volatility rating is 0.67%.
What it means for traders:
– Higher volatility: Larger and faster price swings → higher risk and opportunity
– Lower volatility: More stable price movement → smaller trading ranges
– Market behavior: Volatility often increases during major economic news or central bank decisions
Volatility helps traders estimate risk and position sizing. It's also useful for adapting strategies to market conditions.
How to use volatility:
– Compare volatility across other currency pairs
– Combine with technical analysis (trends, support/resistance)
– Monitor economic events that may increase market movement
The current volatility rating is 0.67%.
What it means for traders:
– Higher volatility: Larger and faster price swings → higher risk and opportunity
– Lower volatility: More stable price movement → smaller trading ranges
– Market behavior: Volatility often increases during major economic news or central bank decisions
Volatility helps traders estimate risk and position sizing. It's also useful for adapting strategies to market conditions.
How to use volatility:
– Compare volatility across other currency pairs
– Combine with technical analysis (trends, support/resistance)
– Monitor economic events that may increase market movement
CADJPY is quoted as how many JPY (quote currency) it takes to buy one CAD (base currency).
For example, if the pair trades at 1.50, it means 1 CAD = 1.50 JPY.
What can influence the rate:
– Supply and demand: Driven by trade, investment flows, and speculation
– Economic data: Inflation, GDP, employment reports
– Central bank policy: Interest rates and monetary decisions
Follow these and more events in the Economic Calendar.
For example, if the pair trades at 1.50, it means 1 CAD = 1.50 JPY.
What can influence the rate:
– Supply and demand: Driven by trade, investment flows, and speculation
– Economic data: Inflation, GDP, employment reports
– Central bank policy: Interest rates and monetary decisions
Follow these and more events in the Economic Calendar.









