Devisen

CAD/JPY may fall 73 - 107 pips

2024-10-10

Our pivot point stands at 109.01.

Our preference

The downside prevails as long as 109.01 is resistance.

Alternative scenario

Above 109.01, look for 109.58 and 109.92.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108.77 and 108.82).

Supports and resistances

109.92 **

109.58 *

109.01 **

108.79

108.50 last

107.77

107.43 **

107.09 *

106.76 **

Number of asterisks represents the strength of support and resistance levels.

Dies ist keine Anlageberatung. Vergangene Leistungen sind keine Garantie für zukünftige Ergebnisse. Ihr Kapital ist in Gefahr, bitte handeln Sie mit Vorsicht und Verantwortung.


Autor:

Paul Reid
Tradingtop

Einführung in die Tradingtop-Website


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