CADJPY Example

Here is an example of different indicators used on this chart. The chart consists of EURUSD’s 14-Day RSI, 50 and 200-Day moving averages, trend lines, and support and resistance zones. The low reading on the RSI suggests that price is oversold and could be ready to turn bullish. The moving averages tell us that price is relatively stable because the 50 day MA hasn’t crossed under the 200 day MA, so it might still be bullish. The support and resistance lines show us key levels where price may have to test more than once before a break.