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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.
DateMay 2, 2020 - 19:01
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 73.850, beginning of uptrend is expected.
  • We make sure when the resistance at 79.400 breaks.
  • If the support at 73.850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 77.25 on 04/30/2020, so more losses to support(s) 75.40 and minimum to Major Support (73.85) 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 42.

Supports and Resistances:

  1. 91.65
  2. 88.45
  3. 86.30
  4. 81.55
  5. 78.50
  6. 76.75
  7. 75.40
Click on the level to view price action history.
Symbol Released Current Forecast
Canadian Dollar / Japanese Yen (CADJPY) new Sun, 21 Apr 2024
Canadian Dollar / Japanese Yen (CADJPY) Sun, 14 Apr 2024
Canadian Dollar / Japanese Yen (CADJPY) Sat, 6 Apr 2024
Canadian Dollar / Japanese Yen (CADJPY) Mon, 1 Apr 2024
Canadian Dollar / Japanese Yen (CADJPY) Sun, 31 Mar 2024
History
Daily-Trading-Opportunities on CADJPY.