website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Canadian Dollar / Japanese Yen technical chart
Symbol CADJPY

Download MT4 template file

Trading suggestion:

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

DateDecember 29, 2018 - 17:15
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 83.500 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 bounced from the support #1 at 21 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • 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 27.

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.