CAD/JPY interim bulls manage to jump above DMAs

FX:CADJPY   Canadian Dollar / Japanese Yen
90 0 8
CAD/JPY interim bulls manage to jump above DMAs and break out resistance at 78.639, on verge of breach above stiff resistance with hammer:

On daily terms, the current prices jump above DMAs, 7DMA is on the verge of crossing over 21DMA which is bullish signal

Bulls have broken the resistance of 78.639, for now, you could watch out for more rallies towards next resistance at 79.816.

RSI on daily terms: Upward convergence to the price upswings signals the strength in bullish interests.

Stochastic on daily terms: Stochastic curves approach 80s but no clear signs of %D crossover that still indicates momentum is bulls favor.

MACD: bullish crossover indicates the prevailing upswings likely to drag further.

On broader perspectives, it is most likely to form hammer  in this weeks candle, hence bulls likely to uptrend to prolong.

RSI on monthly terms: You could probably make out the divergence to the major downtrend that would imply that there could be some upside potential in short run, but this should not be deemed as the reversal trend.

Stochastic: To substantiate the bullish stance, %K crossover indicates intensified bullish momentum.

Overall, short term longs are encouraged, while long-term bulls for fresh longs are yet to for the better clarity.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out