empty
 
 
14.05.2024 05:47 AM
Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs, Tuesday May 14, 2024.

This image is no longer relevant

On the 4-hour chart, the CAD/JPY cross currency pair appears to detect deviations between the CAD/JPY price movement and the RSI indicator (4), which gives an indication that in the near future CAD/JPY has the potential to weaken downwards, where the level that will be tested to be broken downwards is 113.66. If this level is successfully broken below, then CAD/JPY has the potential to continue its weakening up to level 112.50 as the main target and if momentum and volatility support then level 111.55 will be the next target to be aimed at, but if it is on its way to these targets suddenly there is a strengthening correction that breaks above the 114.72 level, then all the weakening scenarios that have been described will become invalid and cancel automatically.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback