Technical Analysis of Intraday Price Movement of CAD/JPY Commodity Currency Pairs, Tuesday October 24, 2023.
October 24, 2023 4:22 am
On the 4 hour chart of CAD/JPY commodity currency pairs, there is seems the deviation between its price movement with Stochastic Oscillator indicator so that in the near future CAD/JPY has the potential to weaken, where if it is manage under the level of 109,01, then, CAD/JPY has the potential to continue its weakness up to the level 108,55 if the momentum and the volatility quite supporting, then, it is not possible to this currency pairs to continue its weaknes up to the level 108,08, but if on the way to those levels suddenly there is the reversal of direction, where CAD/JPY suddenly strengthen untuk it breaks above the levels 109,94, then all the weakness scenario that has been described before will become invalid and automatically cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the 4 hour chart of CAD/JPY commodity currency pairs, there is seems the deviation between its price movement with Stochastic Oscillator indicator so that in the near future CAD/JPY has the potential to weaken, where if it is manage under the level of 109,01, then, CAD/JPY has the potential to continue its weakness up to the level 108,55 if the momentum and the volatility quite supporting, then, it is not possible to this currency pairs to continue its weaknes up to the level 108,08, but if on the way to those levels suddenly there is the reversal of direction, where CAD/JPY suddenly strengthen untuk it breaks above the levels 109,94, then all the weakness scenario that has been described before will become invalid and automatically cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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