Weekly CADJPY Technical Analysis and Forecast - Forex

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Weekly forecast Canadian Dollar / Japanese Yen technical chart

Symbol

CADJPY

Download MT4 template file

Trade Setup
#CADJPY Total Profit: 0 pip Closed trade(s): 0 pip Profit Open trade(s): 0 pip Profit Trade Setup: We opened 8 BUY trade(s) @ 79.49 (day close price) based on 'Valley' at 2020.06.30 signaled by DTO: https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Trading suggestion:

We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date June 30, 2020 - 21:54

Current range bound

Forecast beginning 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 81.750 breaks.
If the support at 73.850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 78.10 on 06/29/2020, so more gains to resistance(s) 79.90, 80.55 and maximum to Major Resistance (81.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 57.

Take Profits:

79.90
- Resistance on 06/11/2020
- Support on 06/09/2020
- Support on 03/04/2020
- Support on 03/03/2020
- Support on 03/02/2020
- Support on 10/03/2019
- Support on 08/22/2019
- Support on 08/19/2019
- Support on 08/09/2019
- Support on 08/06/2019
- Support on 08/05/2019
- Support on 06/03/2019
- Support on 01/02/2019
- Support on 11/15/2016
- Support on 07/25/2016
- Resistance on 07/05/2016
- Resistance on 07/04/2016
- Resistance on 07/01/2016
- Resistance on 06/30/2016
- Support on 06/16/2016
- Support on 02/11/2016
- Support on 01/20/2016
80.55
- Resistance on 06/02/2020
- Resistance on 03/05/2020
- Resistance on 03/04/2020
- Support on 02/28/2020
- Support on 10/10/2019
- Support on 09/06/2019
- Resistance on 09/04/2019
- Resistance on 08/19/2019
- Support on 08/02/2019
- Support on 06/18/2019
- Resistance on 06/03/2019
- Support on 03/19/2018
- Trough on 03/19/2018
- Support on 05/18/2017
- Support on 04/21/2017
- Support on 04/19/2017
- Resistance on 07/27/2016
- Support on 07/22/2016
- Support on 07/21/2016
- Support on 07/15/2016
- Resistance on 07/13/2016
- Resistance on 07/12/2016
- Support on 02/24/2016
- Support on 02/12/2016
- Support on 02/11/2016
- Support on 01/21/2016
- Support on 01/20/2016
81.75
- Resistance on 06/08/2020
- Resistance on 06/05/2020
- Support on 02/27/2020
- Support on 02/04/2020
- Support on 02/03/2020
- Support on 01/31/2020
- Support on 12/09/2019
- Support on 11/26/2019
- Support on 11/19/2019
- Support on 11/15/2019
- Support on 11/14/2019
- Support on 10/15/2019
- Resistance on 10/01/2019
- Resistance on 09/30/2019
- Resistance on 09/27/2019
- Resistance on 09/18/2019
- Resistance on 09/17/2019
- Resistance on 09/11/2019
- Resistance on 09/10/2019
- Resistance on 06/20/2019
- Resistance on 06/12/2019
- Resistance on 06/11/2019
- Resistance on 05/17/2019
- Resistance on 05/16/2019
- Resistance on 05/13/2019
- Resistance on 05/09/2019
- Support on 05/07/2019
- Support on 05/06/2019
- Support on 03/25/2019
- Support on 03/22/2019
- Support on 01/22/2019
- Support on 01/17/2019
- Support on 01/16/2019
- Resistance on 01/14/2019
- Resistance on 01/07/2019
- Resistance on 12/24/2018
- Support on 04/03/2018
- Resistance on 03/23/2018
- Support on 03/14/2018
- Support on 03/07/2018
83.25
- Support on 02/24/2020
- Support on 01/23/2020
- Support on 01/08/2020
- Support on 01/07/2020
- Support on 01/02/2020
- Support on 12/31/2019
- Support on 12/30/2019
- Resistance on 12/24/2019
- Resistance on 12/23/2019
- Resistance on 12/17/2019
- Resistance on 12/16/2019
- Resistance on 12/13/2019
- Resistance on 10/30/2019
- Resistance on 10/25/2019
- Resistance on 10/24/2019
- Resistance on 07/12/2019
- Resistance on 07/08/2019
- Resistance on 05/01/2019
- Resistance on 04/30/2019
- Resistance on 04/29/2019
- Support on 04/23/2019
- Support on 04/11/2019
- Support on 04/10/2019
- Support on 04/09/2019
- Support on 04/08/2019
- Resistance on 03/21/2019
- Support on 03/13/2019
- Resistance on 02/11/2019
- Resistance on 02/07/2019
- Support on 12/19/2018
- Support on 06/29/2018
- Support on 05/30/2018
- Support on 05/29/2018
- Resistance on 04/03/2018
- Resistance on 03/13/2018
- Resistance on 03/01/2018
- Support on 06/22/2017
- Resistance on 06/14/2017
- Resistance on 06/13/2017
- Resistance on 05/25/2017
- Resistance on 05/24/2017
- Resistance on 05/09/2017
- Resistance on 04/11/2017
- Resistance on 04/10/2017
- Support on 03/30/2017
- Support on 03/22/2017
- Support on 11/29/2016
- Support on 11/28/2016
- Support on 11/24/2016
- Resistance on 06/24/2016
- Resistance on 06/23/2016
- Resistance on 06/03/2016
- Support on 06/01/2016
- Support on 04/18/2016
- Resistance on 04/08/2016
- Support on 02/26/2016
- Resistance on 02/16/2016
84.75
- Resistance on 02/20/2020
- Peak on 02/20/2020
- Resistance on 03/01/2019
- Resistance on 02/28/2019
- Resistance on 12/17/2018
- Resistance on 12/11/2018
- Resistance on 12/10/2018
- Resistance on 12/07/2018
- Resistance on 12/06/2018
- Support on 10/26/2018
- Support on 09/03/2018
- Support on 08/31/2018
- Resistance on 08/21/2018
- Resistance on 08/20/2018
- Resistance on 08/17/2018
- Support on 08/08/2018
- Support on 07/31/2018
- Support on 07/27/2018
- Support on 07/26/2018
- Support on 07/12/2018
- Resistance on 07/10/2018
- Resistance on 07/09/2018
- Resistance on 06/08/2018
- Resistance on 05/31/2018
- Resistance on 05/30/2018
- Resistance on 05/28/2018
- Support on 05/24/2018
- Resistance on 05/08/2018
- Support on 05/04/2018
- Support on 05/03/2018
- Support on 04/27/2018
- Support on 04/25/2018
- Resistance on 04/23/2018
- Resistance on 04/20/2018
- Support on 04/18/2018
- Resistance on 02/26/2018
- Support on 02/21/2018
- Support on 02/20/2018
- Support on 02/15/2018
- Support on 02/14/2018
- Resistance on 03/21/2017
- Support on 03/16/2017
- Support on 03/15/2017
- Support on 03/06/2017
- Support on 03/01/2017
- Support on 02/28/2017
- Support on 02/08/2017
- Support on 01/23/2017
- Support on 12/05/2016
- Resistance on 06/01/2016
- Resistance on 05/27/2016
- Resistance on 05/26/2016
- Resistance on 05/25/2016
- Resistance on 05/19/2016
- Resistance on 05/18/2016
- Resistance on 05/17/2016
- Resistance on 05/11/2016
- Resistance on 05/10/2016
- Support on 03/24/2016
- Support on 03/22/2016
- Support on 03/16/2016
- Support on 03/15/2016
- Support on 03/11/2016
- Support on 03/10/2016
88.45
- Support on 10/03/2018
- Support on 01/23/2018
- Support on 01/19/2018
- Support on 01/17/2018
- Support on 01/11/2018
- Support on 01/10/2018
- Resistance on 12/20/2017
- Resistance on 12/12/2017
- Resistance on 12/11/2017
- Resistance on 12/08/2017
- Resistance on 12/01/2017
- Support on 10/27/2017
- Support on 10/26/2017
- Support on 09/08/2017
- Resistance on 09/05/2017
- Resistance on 09/04/2017
- Resistance on 08/01/2017
- Support on 07/28/2017
- Support on 07/27/2017
- Support on 07/24/2017
- Support on 07/21/2017
- Resistance on 07/11/2017
- Resistance on 07/10/2017
- Resistance on 07/07/2017
- Resistance on 01/09/2017
- Resistance on 01/06/2017
- Resistance on 01/04/2017
- Resistance on 12/19/2016
- Resistance on 12/14/2016
- Resistance on 12/12/2016
91.65
- Resistance on 09/15/2017
- Peak on 09/15/2017
- Support on 12/04/2015
- Support on 12/03/2015
- Support on 11/30/2015
- Support on 11/27/2015
- Support on 11/24/2015
- Support on 11/23/2015

Click on the level to view price action history.

Symbol	Released	Current	Forecast
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
Canadian Dollar / Japanese Yen (CADJPY)	Sun, 24 Mar 2024

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	102