. Monday Currency Pair Update : CADJPY - 06 March 2023

Monday Currency Pair Update : CADJPY – 06 March 2023

06 Mar 2023

CADJPY Technical Analysis: Weekly Chart

weekly charts

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

weekly charts

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.