Get started

Cad-jpy

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