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Cad-jpy

Daily Analysis on CADJPY by ThinkingAntsOkUse this as a guide to develop your view. Main items we can see on the Daily Chart: a) The price is inside a descending channel b) Currently, the price is on the lower trendline of the descending channel c) Also, we have a massive Support zone on 75 - 76 d) The convergence between the Support zone + the lower trendline of the descending channel, provide us with a clear reversal zone e) Our long term target for the bullish movement will be the higher trendline of the descending channel.
by ThinkingAntsOk
2
ASCENDING CHANNEL BREAKOUT IN CADJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis sothat we can increase those profits for you. Let’s get into the analysis. As we can see that the pair has broken from its ascending channel and is going down, our analysis is that it will fall till the support line. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us Ryan.R..Lopes
Short
by Ryan_lopes
4
Don't miss the great buy opportunity in CADJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (75.89). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 76.95 TP2= @ 77.47 TP3= @ 78.45 SL= Break below S2
Long
by ForecastCity
16
Don't miss the great buy opportunity in CADJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (75.89). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 76.95 TP2= @ 77.47 TP3= @ 78.45 SL= Break below S2
Long
by ForecastCity
25
Don't miss the great buy opportunity in CADJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (76.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 56. Take Profits: TP1= @ 77.10 TP2= @ 77.60 TP3= @ 78.36 SL= Break below S2
Long
by ForecastCity
18
CADJPY - Updated Analysis!Previously I have written about the same idea on this pair. You can check the idea in linked link below. Still the same pattern, Ascending Triangle. But on the previous idea, the triangle pattern failed, it actually broke the trendline line, so the price dropped and touched the nearest support line, then bounced and now forming a new Ascending Triangle pattern. If this pattern succeeds, at least would rise 300 pips , but if it fails again, then re-break the trendline, the price would fall back to the support line, and possibly would turn back up after touching the support line. So that it would form a new pattern, which is Rectangle. Rectangle is a neutral pattern.
by daltray