Market Limbo ahead of FED and Brexit - CADJPY Analysis
Technical Analysis CAD JPY Daily TF.
CAD Bulls succeeded their attempt to break above trend line down resistance on the third try – October 11th.
The price has broken above the 200EMA. Currently resting at resistance around 83.219.
Mid-range 50 EMA is pointing slightly up. ADX is showing a strong trend, while RSI is close to, but not yet in the overbought zone.
Resistance targets up will be around 83.980, 84.356 and further up we have resistance at 85.046.
Support: 82.621, 23.6% Fibo 82.169, 38.2% Fibo 81.468 and 50% Fibo 80.902.
CAD Bulls succeeded their attempt to break above trend line down resistance on the third try – October 11th.
The price has broken above the 200EMA. Currently resting at resistance around 83.219.
Mid-range 50 EMA is pointing slightly up. ADX is showing a strong trend, while RSI is close to, but not yet in the overbought zone.
Resistance targets up will be around 83.980, 84.356 and further up we have resistance at 85.046.
Support: 82.621, 23.6% Fibo 82.169, 38.2% Fibo 81.468 and 50% Fibo 80.902.