CAD/JPY intraday BUY
Our pivot point stands at 82.61.
Our preference:
rise to 82.61.
Alternative scenario:
below 82.61, expect 82.40 and 82.27.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 areas on the RSI would call for further upside. Moreover, the pair is trading under its 20 MA (82.82) but above its 50 MA (82.80).
Our preference:
rise to 82.61.
Alternative scenario:
below 82.61, expect 82.40 and 82.27.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 areas on the RSI would call for further upside. Moreover, the pair is trading under its 20 MA (82.82) but above its 50 MA (82.80).
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