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Weekly forecast Canadian Dollar / Japanese Yen technical chart
Symbol CADJPY

Trading suggestion:

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

DateOctober 30, 2021 - 17:42
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 91.150 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI resistance #1 at 53 is broken, so the probability of continuation of uptrend is increased.
  • A peak is formed in daily chart at 93.01 on 10/21/2021, so more losses minimum to Major Support (91.15) 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 68.

Supports and Resistances:

  1. 87.45
  2. 86.05
  3. 85.40
  4. 80.55
  5. 79.60
  6. 78.50
  7. 76.75
Click on the level to view price action history.