17.03.202506:33 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement CAD/JPY Cross Currency Pairs, Monday March 17, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

With the appearance of Divergence between the CAD/JPY price movement on its 4-hour chart with the Awesome Oscillator indicator and also confirmed by the appearance of the Bullish 123 pattern, it gives an indication that in the near future it has the potential to appreciate upwards where the level of 103.62 will be tested to be broken and closed above that level. If it is successful then CAD/JPY will continue its strengthening to the level of 104.20 and if the volatility and momentum of its strengthening support then 105.02 will be the next target but if on its way to the targets of those levels CAD/JPY suddenly experiences a significant weakening correction especially if it breaks and closes below 101.36 then all the strengthening setups that have been described previously will be invalid and automatically canceled by themselves.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.