. CADJPY Forecast & Technical Analysis - 30 January 2023

CADJPY Forecast & Technical Analysis – 30 January 2023

30 Jan 2023

CADJPY Technical Analysis: Weekly Chart

In the weekly charts, CADJPY is trading in an up channel. CADJPY is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 106.500 the resistance level is at 108.200

CADJPY will trade in an up channel until there is a trend reversal.

CADJPY Technical Analysis: Daily Chart

In the daily charts, CADJPY is trading in an up channel. CADJPY is currently trading above all SMA.

RSI is in the neutral zone which indicates neutralness. MACD is currently above zero which indicates bullishness.

Its immediate support is 106.000 the resistance level is 108.200

CADJPY will trade in a down channel until there is a trend reversal.

How to Trade CADJPY this Week:

CADJPY will follow the uptrend until its trend reversal. So, remain bullish on CADJPY

TRADE SUGGESTION- BUY AT 107.272, TAKE PROFIT AT 108.500 AND STOP LOSS AT 106.500.