FX.co ★ Technical Analysis of Daily Price Movement of CAD/JPY Commodity Currency Pairs, Monday December 11, 2023.

Based on what can be seen on the daily chart, the CAD/JPY commodity currency pair appears to be in a weakening condition, which is confirmed by price movements, the Golden Cross of Tenkansen with Kinjunsen and Chikou Span are all below Kumo and Future Kumo which shows a weakening condition. coupled with confirmation of the CCI which managed to breaks below its three main levels (100, 0, -100) and is now stuck at the -100 & 0 area level, this indicates that in the next few days CAD/JPY has the potential to weaken to level 104.21, but if there is a strengthening correction until it passes level 108.36, the weakening that occurs can cancel itself.

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