Devisen

CAD/JPY may fall 70 - 102 pips

2024-10-24

Our pivot point is at 110.69.

Our preference

Under pressure below 110.69.

Alternative scenario

The upside breakout of 110.69, would call for 111.23 and 111.55.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 110.34 and 110.32).

Supports and resistances

111.55 **

111.23 *

110.69 **

110.48

110.24 last

109.54

109.22 **

108.90 *

108.58 **

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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