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CADJPY is expected to continue short bullish channel

ijayakumar Publié 14 nov comme Analyse sur CAD/JPY, Cible: 94.4300, Date: 1 de janvier, 12:00 GMT  dans #Technical analysis #Price Action #CAD/JPY #Cadjpy #Candlestick
CADJPY is slowly recovering from Chinese hit back with lot of Doji's which shows the existing downside pressure and also the Risk Off trading. But as the recovery is slowly stabilizing, I expect this pair to move high with bullish channel. Please find the chart analysis,
Monthly chart:
 - This pair has formed a nice range trading since mid of 2013 between 92 and 105
- Recent breakout suggests a downside breakout but it appears to be a false breakout, as the pair is slowly approaching to their pr…
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ijayakumar 20 nov

CAD is still moving slowly, but it has more time to develop it's bull run against Yen. Hope Canada picks up the race starting from the current CPI value.

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CADJPY to go bullish

ijayakumar Publié 11 oct comme Analyse sur CAD/JPY, Cible: 95.3200, Date: 1 de décembre, 12:00 GMT  dans #Technical analysis #Patterns #Price Action #CAD/JPY #Candlesticks
CADJPY is expected to go bullish, as Risk on strategy is slowly catching up. Please find the chart analysis,
Weekly Chart:
 - Candlestick pattern clearly shows the bullish trend signal and reformation of RiskOn strategy
- Expected to form a bullish pattern as shown in the chart
- 1st Bullish target is 95 range and expected to be in that range for sometime before reaching the 98 range if bullish trend continues
Daily Chart:
- Representing a double bottom which is aided by increase in OBV suggests…
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2 Commentaires
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ijayakumar 21 oct

Retracing more early than expected. Lets wait and watch!

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ijayakumar 20 nov

This pair has formed a range trading and it may seem to finish well below 93 itself, as JPY started strengthening as well!

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