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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.
DateOctober 6, 2018 - 15:48
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 89.20 on 10/03/2018, so more losses minimum to Major Support (87.35) 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 59.

Supports and Resistances:

  1. 91.65
  2. 89.70
  3. 87.35
  4. 86.75
  5. 86.20
  6. 85.45
  7. 84.55
  8. 83.50
  9. 82.15
  10. 80.55
  11. 78.80
  12. 75.40
  13. 72.15
  14. 68.85
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
History
Daily-Trading-Opportunities on CADJPY.