Stay 
Trading Conditions
Products
Tools
If we look at the 4-hour chart of the CAD/JPY cross currency pair, it appears that CAD/JPY is moving in a Sideways condition where this is confirmed by the movement of the EMA 21 which moves between the Candle bodies. However, if we look at the CAD/JPY label code, even though it is in a Sideways condition, it has started to weaken, coupled with the condition of the Stochastic oscillator indicator which is already above the Overbought level and is preparing to fall back below level 80, then in the near future CAD/JPY has the potential to weaken where the level of 108.25 will be tested to be penetrated downwards if successful then the level of 107.82 will be the next target and 106.97 will be the next target even if the momentum and volatility support then 106.44 will be the next target but all these weakening scenarios will be invalid and canceled by themselves if on their way to these levels CAD/JPY suddenly turns stronger and breaks through and closes above level 109.02.
(Disclaimer)
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
