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Weekly forecast Canadian Dollar / Japanese Yen technical chart
Symbol CADJPY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 31, 2019 - 19:40
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 78.500, beginning of uptrend is expected.
  • We make sure when the resistance at 81.000 breaks.
  • If the support at 78.500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 78.50 on 08/07/2019, so more gains to resistance(s) 79.95, 80.45 and maximum to Major Resistance (81.00) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 44.

Supports and Resistances:

  1. 91.65
  2. 88.45
  3. 86.30
  4. 85.25
  5. 84.25
  6. 82.55
  7. 81.75
  8. 81.00
  9. 75.40
  10. 72.15
  11. 68.85
Click on the level to view price action history.