from the first view cad/jby really does seem over valued , but i think maybe not yet , cad had some bullishness last week due to economic news , which led us to this impulsive move , although we are waiting for a correction then a continuation to the upside to the targeted zones which in my opinion are not easy to break without a a massive selloff , keep this pair...
On the higher time frame the price has brokeout the resistance level 88.257. On the 4H timeframe looking for a buying opportunity at the key level of 88.348
The SP2 line is broken, but a reversal pattern appears on the 15-minute chart. Therefore, the short-term direction is expected to change (The breakout is highly probability to be a fakeout).
CADJPY H4 chart. The currency pair is approaching the weekly TL and the resistance zone. The indicator is in the overbought zone. The expected price move is short.
Good Bullish Is On CADPY Good Curve on Daly Chart Wait For Conformation Candle Then To Place Order Buy or Sell.
the market has broken its resistance line strongly and still going up as JPY is weak as compared to CAD.
the cad is overbought and jpy is over sold and rsi is going down will be strong bearish movement and going more than 89 is stop hunting it will go down safe target is 85 and finally target is 82.5
Looking at the chart on the daily TF, we can see that the price rallied quickly and consolidated at the resistance line. The resistance level is also there. All this gives us grounds for the upcoming bearish signal. Therefore, at the moment I am thinking about opening a sell trade. Traders, if you like this idea or have your own opinion about it, write in the...
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Having overbought all week we may see market reverse having retested the resistance level in the Expanding Triangle Pattern.
After breaking through a key resistance level , we can expect cad jpy to continue the bullish momentum until the next key resistance level.