Fibonacci Calculator CAD/JPY
Calculate Fibonacci levels for CAD/JPY
Inputs
Calculate price range
1.005 - 0.995
= 0.010
Calculate 38.2% level
1.005 - (0.010 × 0.382)
= 1.001
Calculate 61.8% level
1.005 - (0.010 × 0.618)
= 0.999
For CAD/JPY Fibonacci levels: CAD/JPY uses 2-decimal pricing (0.01 per pip) since JPY is valued in hundreds per unit. This cross pair has typical spreads of 1.8-2.8 pips with good liquidity.
Frequently Asked Questions
How do I use Fibonacci levels for CAD/JPY trading?
For CAD/JPY, identify a significant swing high and low, then apply Fibonacci retracements. Key levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6% of the move.
Which Fibonacci level works best for CAD/JPY entries?
The 38.2% and 61.8% levels often provide strong support/resistance for CAD/JPY. As a minor pair, CAD/JPY may respect different levels based on trend strength.
How do I calculate Fibonacci extensions for CAD/JPY targets?
Use Fibonacci extensions (127.2%, 161.8%, 261.8%) on CAD/JPY to project profit targets beyond the initial swing. Enter the swing points to calculate extension levels.