CAD/JPY - Page 94
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Thread: CAD/JPY

  1. #931
    on the H1 chart seems that the pair start to set up its down direction , and so by breaking the price for the two lines of the moving average there can be a good possibility for the price to leave the 84 levels . going down to the previous resistance area at 83.50 . fundamentally there can be a good view on the jpy as a safe currency


  2. #932
    Technical analysis using BB (bollinger bands)

    1. The current price is in the monthly reference Sideway / normal area (bb 480, aqua color) and the price is below the middle monthly
    2. The current price is in the weekly reference trending / abnormal down area (bb 120, magenta color) which means weekly price movements are dominated by the seller
    3. The current price is in the sideway area / normally the daily reference (bb 24, lime color) only the daily bb tends to fall

    From this information, it can be concluded that CADJPY is still dominated by Seller

  3. #933
    CADJPY TimeFrame: 1 HOURS
    Trend reference: MOVING AVERAGE PERIOD 8
    Reference direction: MOVING AVERAGE PERIOD 200
    By considering the candle position of the moving average used, the price is currently in the condition: FLAT to 8 above the MA200
    The conclusion of the current trend is that prices are in condition: UP

  4. #934
    The pair of CAD/JPY jumped to more than 100 points since yesterday and positively closed above support level 81.78, which represents a simple average level of 50 days and a further rise of about 82.60 the level of resistance to the downward trend line since October 2018, and the simple average level of 100 days.

    Breaking above the 82.60 level will help the pair to rise easily towards the level of 83.70 the simple average level of 200 days and then 84.45 the Fibonacci level of 61.8% as shown in the daily chart. On the other hand, the break below the 81.20 support level may hinder the pair again and push for a decline of about 80.40.

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