Home About the company Daily reviews CADJPY analysis 19.02.2020

CADJPY analysis 19.02.2020

The resistance level of 83.10 continues to hold back buyers. At the moment, the ascending pattern is truncated. Awesome Oscillator indicator shows a bearish divergence, while Stochastic Oscillator signals overboughtness. A price pivot zone of 82.65 has formed, which now serves as a support level.

Trading recommendations:

Sell while a descending wave pattern is forming below the price pivot zone of 82.65.

Stop loss for the resistance level of 83.10.

Target levels: 82.25; 81.60.

Author: admin
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