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Thread: CAD/JPY

  1. #1
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    CAD/JPY

    Thread for CAD/JPY discussion - latest news, technical analysis, forecasts and opinions.

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  2. #11
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    market is moving a very tight zone ,92.45 to 93.30 but sine last three hours market is making the lot of spinning tops at the chart , resistance is 93.30 , if break through then more buying would be seen

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    Cad neglect to continue the bulls movement after break through the 93.30 level and comes back and not more likely 93.30 remaining a critical level if market retest it and comes back then support is expected to be seen , mean sell off , 92.45

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    if market able to trend line then we market would continue the bulls trend , currently market is above daily pivot , for bullish breakout market need to go above 94.50-60 floor first

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    we can see that cad/jpy is moving in two trend lines because market moving in this zone since market opened more expected is that if upper boundary break then bullish momentum , otherwise break lower one would call seller

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    prices are taking bouncing at level drawn in the cci and rising in a 123 ways which we can see , whereas trend line is giving the strong support to the CAD/Jpy so here we can buy , whereas new support is the 92.49

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    we have the support created by doji the level is 93.59 , whereas above the level of 93.75 market is also facing the resistance by the trend lines , if prices succeed in breaking the level of the 93.75 after that we can expect the buying in the chart

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  8. #17
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    Since market open today the CAD has the bulls trend and rising , above of the daily pivot area which we can see in the chart , but facing the twice tested resistance at the chart 94.57 and giving it testing , if prices rebound at the lower chart then bears correction is expected , else break of this level would call the buyers comes into the play

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    prices got congestion period where the prices has face the resistsance , i am talking about the level of the 95.57 still market showing bias for the bulls , more likely once market break it the nearest resistsance no where prices may can take breath 100 pips or less than that , the resistsance exits around the level 97 floor

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  10. #19
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    Yesterday Market candle has the long down wick showing the strength of the sell and as well market has made the double top at our chart which means that more likely the strength of selling would be in action , the resistsance around the floor of the 95.58 , whereas price may congest around 94.00 zone

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    Prior candle was a doji yesterday closing and around the quite strong resistance , 95.59 but now this is psychological level for the traders to do the trade if prices ot go above of this level/breakout and selling would be in action 94.33 is expected can be action..

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