CAD/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 79.91 is resistance

CAD/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 79.91 is resistance

The MACD is below its signal line and negative.

Our pivot point is at 79.91.

Our preference: the downside prevails as long as 79.91 is resistance.

Alternative scenario: above 79.91, look for 80.12 and 80.24.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 79.91 and 80.02).

Supports and resistances:

80.24 **

80.12 *

79.91 **

79.83

79.75 last

79.48

79.36 **

79.24 *

79.12 **

CAD/JPY Currency exchange rate forecast 16.08.2019: the upside prevails as long as 79.60 is support

CAD/JPY Currency exchange rate forecast 16.08.2019: the upside prevails as long as 79.60 is support

Alternative scenario: the downside breakout of 79.60 would call for 79.39 and 79.27.

Our pivot point is at 79.60.

Our preference: the upside prevails as long as 79.60 is support.

Alternative scenario: the downside breakout of 79.60 would call for 79.39 and 79.27.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 79.68 and 79.67).

Supports and resistances:

80.40 **

80.28 *

80.16 **

80.04

79.77 last

79.68

79.60 **

79.39 *

79.27 **

CAD/JPY Currency exchange rate forecast 13.08.2019: the downside prevails as long as 79.50 is resistance

CAD/JPY Currency exchange rate forecast 13.08.2019: the downside prevails as long as 79.50 is resistance

Our preference: the downside prevails as long as 79.50 is resistance.

Our pivot point stands at 79.50.

Our preference: the downside prevails as long as 79.50 is resistance.

Alternative scenario: the upside breakout of 79.50, would call for 79.71 and 79.83.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 79.50 and 79.52).

Supports and resistances:

79.83 **

79.71 *

79.50 **

79.42

79.31 last

79.06

78.94 **

78.81 *

78.69 **

CAD/JPY Currency exchange rate forecast 12.08.2019: the downside prevails as long as 79.64 is resistance

CAD/JPY Currency exchange rate forecast 12.08.2019: the downside prevails as long as 79.64 is resistance

Alternative scenario: above 79.64, look for 79.85 and 79.97.

Our pivot point stands at 79.64.

Our preference: the downside prevails as long as 79.64 is resistance.

Alternative scenario: above 79.64, look for 79.85 and 79.97.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 79.68 and 79.80).

Supports and resistances:

79.97 **

79.85 *

79.64 **

79.56

79.44 last

79.20

79.08 **

78.96 *

78.84 **

CAD/JPY – Currency exchange rate forecast 10.05.2019: the upside prevails as long as 81.48 is support

CAD/JPY - Currency exchange rate forecast 10.05.2019: the upside prevails as long as 81.48 is support

Our preference: the upside prevails as long as 81.48 is support.

Our pivot point stands at 81.48.

Our preference: the upside prevails as long as 81.48 is support.

Alternative scenario: the downside breakout of 81.48 would call for 81.27 and 81.14.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 81.59 and 81.49).

Supports and resistances:

82.31 **

82.19 *

82.06 **

81.94

81.66 last

81.56

81.48 **

81.27 *

81.14 **