expecting a break out to happen which will lead the price to 1.27. focuse should be giving on lower time frame for a confirmation.
our bull target was reach from our previous analysis on CADJPY. we are expecting the price to rebound on 83.300 and go short to reach 81.200
we expecting the price to test 146.500 and from there, a big sell may occur. to confirm the bull to 146.500, we will be looking at the one hour chart to beat 144.750. if it fails, then we will expect the market to go short and reach 141.200
although the price broke on a 4h chart, i found an interesting resistance on a daily chart that you see above. at the moment, we are neutral. we will be waiting to see the behavior on the level 1.13573, our focus will thus be on a 4h chart, if the price bounce back at that level, the bullish will be confirmed and we will expect the price to go test the level...
we have seen major losses on the dollar on thursday mainly due on the fact that the federal reserve has decided to abondon it's plan to raise the interest rate this year. after the market test the level 96.10, we are expecting the sell momemtum continue and reach 95.60 and possibly to test the psychological level 95.00
the 1h, 4h and daily shows a strong sell that is targeting the level 1.30200, this is the shortest level to be achieved and when it will achieve this level, the daily and hours charts suggest a rebound, but is going to be unlikely because the weekly chart shows a strong reversal that will lead to the point lower that 1.24800. in the other hand, if the point...