It looks like CAD may go weaker against the JPY during end of the week, Analysis only for education purposes
CADJPY is looking for short.
CADJPY is looking for great short opportunity to take the move to the downside at the bottom, & has the chance to make some pretty decent profit!
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (83.55). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Rejection at resisitance and trend line,Bullish engulfing.
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (81.94). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
Both Short & Long Opportunities