CADJPY Bullish

Analysis Price: 110.21 (Updated: 16 November 2025, 16:41 UTC)

Comprehensive analysis for CADJPY showing a predominantly bullish bias with 61% bullish consensus based on combined analytical factors. Raw trader sentiment shows 43% long, 57% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Bullish Medium Confidence High Risk

Market Consensus:

61% Long

39% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for CADJPY (signal strength: 22%). Supporting factors include: Technical patterns identified: Bullish Flag (H4), Morning Star (H1). Contradicting factors: Retail sentiment is 57% bearish; CAD is showing relative weakness against JPY (diff: 19%). Risk assessment for this trade is high. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (43% long / 57% short). The overall bullish bias (61%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

43% 57%

Historical Sentiment (7 Days)

Sentiment Interpretation

Neutral sentiment with a balanced distribution between long and short positions. This suggests indecision in the market, which could precede a significant move once a clear direction emerges.

Support & Resistance Analysis

Resistance Levels

R1: 110.64 0.39% ↑

Analysis Price: 110.21

Support Levels

S1: 109.57 0.59% ↓

Market Regime:

Uptrend

Analyst Bias:

Unknown

Direction Probability:

65%

Price Position Analysis

Price is between support at 109.57 (0.59% below analysis price) and resistance at 110.64 (0.39% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

83%

Symmetric Triangle

Reliability:

83%

Detected: Nov 15, 19:28

Pattern Analysis Interpretation

Predominantly neutral patterns detected, suggesting a potential consolidation phase. The most reliable pattern is a neutral Symmetric Triangle on the H1 timeframe with 83% historical reliability. This pattern is currently only confirmed on the H1 timeframe.

High Probability Zones

No high probability zones detected for CADJPY at this time.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

0.3

Volatility Regime:

Normal

Volatility Level:

32%

10-Day ATR Trend

Volatility Interpretation (H1)

CADJPY is showing normal volatility (32 percentile) with an expected daily range of 0.3 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with CADJPY

AUDCAD

-0.81

EURCAD

-0.80

GBPJPY

0.80

USDJPY

0.79

CHFJPY

0.79

Correlation Interpretation

Understanding how CADJPY correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

CADJPY shows strong positive correlation with: GBPJPY, USDJPY, CHFJPY. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

CADJPY shows strong negative correlation with: AUDCAD, EURCAD. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

CAD

0.71

Very-strong

JPY

-0.69

Weak

Relative Strength:

1.40

Bullish Bias

Currency Strength Interpretation (M15)

CAD is significantly stronger than JPY on the M15 timeframe, with a relative strength of 1.40. This suggests a strong bullish bias for CADJPY. With CAD showing absolute strength and JPY showing absolute weakness, this is an ideal scenario for a long position.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on CADJPY to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.