empty
 
 
13.08.2015 11:39 AM
Technical analysis of CAD/JPY for August 13, 2015

With new lower and higher lows being printed, CAD/JPY is clearly in a downtrend. Throughout the decline, the price was below 200 Moving Average all the time. Currently 200 Moving Average is acting as a resistance and now it could be the starting point for another wave down.

After the breakout of the double bottom near 94.50 (S2), Fibonacci applied to the 09.07 low and 13.07 high show there is strong resistance at R2 area (96.00) that has been already rejected once and is likely to be rejected again. The bearish divergence on the DeMarker oscillator confirms bearish sentiment.

Consider selling CAD/JPY today while the rate is near R1 (95.78), targeting 161.8% Fibs area - S3 (92.87). At this point, only a daily close above R2 should be able to reverse CAD/JPY to the upside and could be used as an exit signal of short positions.

Support: 95.47, 94.48, 92.86

Resistance: 95.78, 96.08

This image is no longer relevant

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $10000 mais!
    Em Janeiro nós sorteamos $10000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback