Currency pair Canadian Dollar to Japanese Yen CAD/JPY is trading at 82.696. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair of the CAD/JPY. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 82.300, from which it is expected to try to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 83.500.
Forex forecast CAD/JPY on May 30, 2017
Earlier, a weak signal was received for the sale of the pair CAD/JPY, due to the crossing of signal lines at 82.830. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 81.800 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations CAD/JPY stands with the breakdown of the local maximum area at 83.300.
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