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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an 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.

Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs, Monday February 17, 2025.
02:18 2025-02-17 UTC--5
Exchange Rates analysis

With the appearance of the Bullish Divergence pattern, it seems that CAD/JPY on the 30-minute chart has the potential to strengthen as long as there is no further weakening that breaks through and closes below the 106.86 level, then CAD/JPY has the potential to strengthen towards the 107.09 level. If this level is successfully broken through and closes above this level, then CAD/JPY has the potential to continue strengthening to the 107.50 level and if the momentum and volatility support it, then 107.85 will be the next target.

(Disclaimer)

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.