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..................................CAD
Our currency rankings show that the most popular Canada Dollar exchange rate is the USD to CAD rate. The currency code for Dollars is CAD, and the currency symbol is $.
..................................JPY
Our currency rankings show that the most popular Japan Yen exchange rate is the JPY to EUR rate. The currency code for Yen is JPY, and the currency symbol is ¥.
Forex Forecast with price level
CAD/JPY - pair in focus.
Current Price - 81.65
main support level - 81.55
main resistance level - 81.76
Pair likely to be in Sell today.
Technical Analysis of Cad/Jpy
Today Trend is :Buy
1>Resistance is:82.23
2>Resistance is:83.45
3>Resistance is:84.65
1>Supporting is:80.27
2>Supporting is:79.12
3>Supporting is:78.10
Resistance and Supporting level is so important rule in the trading business
CAD/JPY is the abbreviation for the Canadian Dollar and Japanese Yen pair. It shows how much the CAD (base currency) is worth as measured against the JPY (counter currency). For example, CAD/JPY = 82.98 indicates that one Canadian Dollar can buy 82.98 Japanese Yens.
Today,s Technical Analysis of The Pair Cad/Jpy
I Select Some Good Indicator I think this is the best indicator so for in the trading
market and give the good guide line in the trading , indicator give the good direction
for long term and short term trading so i select some best indicator for the trading
and i give the signal based on the indicators
Trend of this pair is Bullish TREND see in the Bollinger Bands show UP trend
if we are watching Relative Strength Index (RSI) also Trend is Up and watching
in Moving Average Convergence Divergence (MACD) also trend is UP and Parabolic Stop and Reverse (SAR)
show also UP trend so i suggest this pair show BULLISH TREND
Current Rate is:81.60
and set the take profit at the price: 82.04
you set the stop lose at the price : 81.21
Resistance and Supporting level
1:Resistance level is :82.41
2:Resistance level is : 83.64
3:Resistance level is :84.87
1: Supporting level is : 80.56
2: Supporting level is : 79.41
3: Supporting level is :78.26
and over all Trend is Up and good Bullish trend i hope hit the target
and you make good money, Resistance and Supporting Level also important
the price is break Support and Trend Line and it is Flying Up with having the Short signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels
I suggest to take buy position and set take profit and stoploss to control the risk
Current Rate is:81.60
and set the take profit at the price: 82.04
you set the stop lose at the price : 81.21
Resistance and Supporting level
1:Resistance level is :82.41
2:Resistance level is : 83.64
3:Resistance level is :84.87
1: Supporting level is : 80.56
2: Supporting level is : 79.41
3: Supporting level is :78.26
this is my analysis for CADJPY pair , hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakout of the resistance level at 84.01. and the pair will continue to go up to the next resistance level at 84.26
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 83.96. , stop loss at the level 83.61. target take profit at the level 84.41
if market movement as my scenario, you can earn good profit and avoid much loss in your trade
Cad/Jpy not cross the up price level 82.50, it means that Cad/Jpy pair today in selling and i recommend that trader place the sell in Cad/Jpy 82.00 - 82.50 and use of take profit at 80 to 120 pips point mean use tp at 81.00 - 80.70 and use stop loss price 82.50, I recommend today place sell order in Cad/Jpy and make good earning profit in Cad/Jpy pair trade positions.
Cad/Jpy not cross the up price level 82.50, it means that Cad/Jpy pair today in selling and i recommend that trader place the sell in Cad/Jpy 82.00 - 82.50 and use of take profit at 80 to 120 pips point mean use tp at 81.00 - 80.70 and use stop loss price 82.50, I recommend today place sell order in Cad/Jpy and make good earning profit in Cad/Jpy pair trade positions.