CAD/JPY intraday: rise to 83.19

CADJPY

Trading Central 2021-02-23 18:47:12

Our pivot point stands at 83.19.

Our preference: rise to 83.19.

Alternative scenario: below 83.19, expect 82.98 and 82.86.

Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is below its 20 period moving average (83.41) but above its 50 period moving average (83.39).

Supports and resistances:

84.04 **

83.91 *

83.79 **

83.67

83.39 last

83.27

83.19 **

Disclaimer

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