CAD/JPY intraday: as long as 111.05 is resistance look for 110.23
111.05 is our pivot point.
Our preference: as long as 111.05 is resistance look for 110.23.
Alternative scenario: above 111.05, look for 111.35 and 111.52.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 110.77 and 110.78).
Supports and resistances:
111.52 **
111.35 *
111.05 **
110.94
110.76 last
110.40
110.23 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
CM Trade Mobile Application
Economics Calendar
More