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Weekly forecast Canadian Dollar vs. 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.

DateSat, 12/22/2018 - 16:50
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 84.25 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The descending flag taking shape suggests we will soon see another leg lower.
  • The RSI resistance #1 at 35 is broken, so the probability of continuation of downtrend is decreased.
  • A peak is formed in daily chart at 85.25 on 12/13/2018, so more losses to support(s) 80.55, 79.60, 78.80 and more depths 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 23.

Supports and Resistances:

  1. 91.65
  2. 88.45
  3. 87.45
  4. 86.30
  5. 85.65
  6. 84.25
  7. 83.50
  8. 82.15
  9. 80.55
  10. 79.60
  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 vs. Japanese Yen (CADJPY) new free Sat, 16 Nov 2019
Canadian Dollar vs. Japanese Yen (CADJPY) Sat, 9 Nov 2019
Canadian Dollar vs. Japanese Yen (CADJPY) free Sat, 2 Nov 2019
Canadian Dollar vs. Japanese Yen (CADJPY) free Sat, 26 Oct 2019
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