Market Conditions for CADJPY as at Aug 05, 2020
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Last 30 Days:
Support & Resistance
Multi Time Period Price Performance for Canadian Dollar/Japanese Yen
Canadian Dollar/Japanese Yen ProfileThe Canadian Dollar/Japanese Yen (CAD/JPY) is a Forex (FX) currency pair traded in foreign exchange spot transactions around the globe. CAD is the base currency and JPY is the quote currency, meaning that 1 Canadian Dollar was worth 79.60 Japanese Yen at the end of the New York trading session on Wednesday, 0.28% more than at the previous close.
Technical Analysis Summary for Aug. 5, 2020
While the FX pair is currently in a short-term downtrend, this might just be a correction, as both the medium and long-term trends are still bullish. Wednesday's trading range has been 59 pips (0.74%), that's slightly below the last trading month's daily average range of 64 pips. Buying could speed up should prices move above the close-by swing high at 80.15 where further buy stops might get triggered.
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