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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.

DateApril 17, 2022 - 08:10
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 92.158, continuation of uptrend is expected.
  • We make sure when the resistance at 100.180 breaks.
  • If the support at 92.158 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 97.045 on 03/31/2022, so more gains maximum to Major Resistance (100.180) 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 76.

Supports and Resistances:

  1. 101.150
  2. 100.180
  3. 97.400
  4. 95.960
  5. 92.158
  6. 89.618
  7. 87.572
  8. 84.770
  9. 80.550
  10. 79.600
  11. 78.500
  12. 76.750
Click on the level to view price action history.