CAD/JPY intraday: rise to 83.19

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
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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