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CADJPY is expected to continue short bullish channel

ijayakumar Przesłano 14 Lis jako Analiza CAD/JPY, Cel: 94.4300, Data: 1 z Styczeń, 12:00 GMT w #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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CADJPY to go bullish

ijayakumar Przesłano 11 Paź jako Analiza CAD/JPY, Cel: 95.3200, Data: 1 z Grudzień, 12:00 GMT w #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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CADJPY is expected to continue short bullish channel

CADJPY to go bullish