I believe CADJPY is going to see an increases in price later this week. I believe this because as shown you can clearly see the trend breaking past the lower bound of the stochastic oscillator as one indicator of a reversal, and as a second indicator the chart shows a bearish candlestick breaking out the lower bound of the bollinger band.
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What's the point for OPEC to cut oil -1.53% supply if America flooding the market with it?? The only one question, for now, is whether oil -1.53% rally will end at the end of December or at the beginning of first quarter of the year 2018? However what the chances that BRENT...
Check the numbers on the chart when reading each point below:
1 - Was a gap down and continued the downtrend
2 - After a reversal at 1138, Ryanair and Monarch woes have
signalled a reversal.
3 - Next Job for EJZ is to break its downtrend and surpass 1450
1.Uptrend weekly trend line broken
2.Trend trading (Weekly)
3.No major resistance until (8650)
4.Profit margin 1:3
Wait for trend line break to establish Daily Downtrend,
8781-8719 is not a major resistance zone as price action touched the zone 3 times which thoroughly indicates the weakness of the zone.
Since May 5th, on USD/CAD 0.17% has been taking place almost continuous downward movement. A broader view on daily chart shows that we are dealing with a long-term bullish trend . From mid-January price moves in a upward channel. Currently price is at its lower edge, and last Thursday there was an attempt to initiate a rebound. Technically, there is a chance at...