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CAD/JPY currency pair downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session
(Updated on Jun 23, 2026)
The CAD/JPY currency pair price fell by -0.415% on the last day (Tuesday, 23rd Jun 2026) from JP¥114.16 to JP¥113.68. During the last trading day the currency pair fluctuated 0.505% from a day low at JP¥113.59 to a day high of JP¥114.17. The price has risen in 5 of the last 10 days but is still down by -0.97% for this period. Volume fell on the last day along with the currency pair, which is actually a good sign as volume should follow the currency pair. On the last day, the trading volume fell by -160 thousand shares and in total, 1 shares were bought and sold for approximately JP¥113.68 .
The currency pair is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥113.35 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CAD/JPY currency pair with a 90% probability to be traded between JP¥112.61 and JP¥115.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and currency pairs seldom manage to go directly from the bottom of a trend up to the top. Currency pairs turning up in the middle of a horizontal trend are therefore considered to be potential runners.
CADJPY Signals & Forecast
There are few to no technical positive signals at the moment. The CAD/JPY currency pair holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the currency pair. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥114.20 and JP¥115.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 29, 2026, and so far it has fallen -3.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this currency pair may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CAD/JPY currency pair
There is no support from accumulated volume below today's level and given the right condition the currency pair may perform very badly in the next couple of days.
In general the currency pair tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the currency pair During the last day, the currency pair moved JP¥0.574 between high and low, or 0.505%. For the last week the currency pair has had daily average volatility of 0.435%
CAD/JPY is oversold on RSI14 (21). Some currency pairs may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CADJPY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect CAD/JPY to open at JP¥113.81, and during the day (based on 14 day Average True Range), to move between JP¥113.45 and JP¥113.91, which gives a possible trading interval of +/-JP¥0.457 (+/-0.40%) up or down from last closing price. If CAD/JPY takes out the full calculated possible swing range there will be an estimated 0.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥114.51, some JP¥0.83 (0.73%) from the current price of JP¥113.68, our system finds the risk reward not very attractive.
Is CAD/JPY currency pair A Buy?
CAD/JPY holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this currency pair. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this currency pair since the last evaluation from a Hold to a Sell candidate.
Current score:
-2.438
Sell Candidate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on June 24, 2026 - JP¥113.81 ( 0.117%).
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CADJPY Performance
Trading levels for CADJPY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 114.39 | 0.622% |
| R2 | 114.17 | 0.429% |
| R1 | 114.03 | 0.310% |
| Price | 113.68 | |
| S1 | 113.59 | -0.0762% |
| S2 | 113.46 | -0.195% |
| S3 | 113.24 | -0.388% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 115.28 | 1.41% |
| R2 | 114.67 | 0.87% |
| R1 | 114.51 | 0.727% |
| Price | 113.68 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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