CAD/JPY finds support in SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The surge of the CAD/JPY eventually surged above the 100.00 mark. Afterwards, a new high level zone was confirmed at 102.40/102.90, during April's trading. During the first half of May, the pair declined, before finding support in the 98.00 level and the 50-day simple moving average.

On May 18, the rate had recovered and was testing the resistance of the 2015 high level at 101.15. In the meantime, the March high level did not act as resistance to the currency pair.

A move above the 2015 high level is expected to encounter resistance in the April high levels at 102.40/102.90. Higher above, take into account that round exchange rate levels could act as resistance, before the rate reaches the 2014 high level at 106.50.

On the other hand, a decline of the Canadian Dollar against the Japanese Yen could look for support in the ascending 50-day simple moving average near 98.55. Below the moving average, the 98.00 mark might act as support on its own, before the late March low levels at 97.07/97.22 are reached.
Back to articles

Actual Topics

Wed, 18 May 2022 11:27:11 GMT

EUR/GBP breaks resistance line

The top update on the EUR/GBP daily candle chart is that the pair broke the resistance of the line, which connects the 2021 September and December low levels together with the 2022 high. The surge occurred on May 5, as the Bank of England announced that it expects higher inflation than previously forecast. It resulted in a 72 base

Mon, 16 May 2022 12:09:18 GMT

Natural Gas books new high level

The price for natural gas hit a new high level at 9.0000. However, after hitting the high level, four days later, the price had once again returned to the support zone of the 2021 highs at 6.3225/6.4850. Afterwards, by the middle of May, the commodity price resumed its surge, as it approached the 8.0000 mark. If the commodity price reaches above

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.