CAD/JPY trend sideways

The secondary trend of CAD/JPY is sideways, In its 4 hourly chart, prices are taking support of falling trend line & consolidating with a positive bias. 30 DMA & 200 DMA are also providing support to the prices & supporting the further uptrend. If CAD/JPY crosses the trend line and sustains above it then we can expect it to show north ward movement in the prices. If it breaks the level of 96.05 & sustains above it we can expect it to come up to the levels of 96.80/97.40 in next few days.

INDICATORS:-

RSI is sustaining in buying territory, supporting the upcoming bullish trend in the pair.

  

RECOMMENDATION : BUY

STRATEGY:- CAD/JPY is looking bullish on charts for next few session. One can go for buy on dips level strategy for this pair for intra day to mid term positions.

CAD/JPY This Week

The primary trend of CAD/JPY is bearish, In its 4 hourly chart, prices are taking support of rising trend line & consolidating with a negative bias. 30 DMA & 200 DMA are also providing resistance to the prices & supporting the further downtrend. CAD/JPY has breeak the trend line and sustaining below it indicating the downside movement in the prices. If it breaks the level of 94.50 & sustains below it we can expect it to come down to the levels of 93.70/93 in next few days.

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TARGET 93

INDICATORS:-

RSI is sustaining near in selling territory, supporting the upcoming down trend in the pair.

In MACD

Prices are sustaining below the zero line ,supporting the down side movement in the market

STRATEGY:- CAD/JPY is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.