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Cad/Jpy
The H4 chart shows that the price had a rejection and produced a bearish engulfing candle earlier. On its second rejection, it produced a Spinning Top, but it engulfed the last candle as well. These two candles may attract minor intraday sellers to go short on the pair. This may create a bearish momentum and ends up making a breakout at the neckline level. If the price breaches the neckline, it may head towards the level of 81.9000 with good bearish momentum.
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I anticipate this pair Cad/jpy have bullish course
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the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
I recommend to take LONG position today.
time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.
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Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
trading takes a lot of practice and know-how, and there are several factors that can make the process challenging. The risk/reward ratio helps investors manage their risk of losing money on trades. Even if a trader has some profitable trades, he will lose money over time if his win rate is below 50%. The risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order. Comparing these two provides the ratio of profit to loss, or reward to risk.
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Daily market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain goof and huge profit I thing keep in mind use money manage and always use stop loss and take profit.
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Cadjpy
canadian dollar / japanese yen
81.912
jpy
−0.638 (−0.77%)
market closed (dec 06 16:59 utc-5)
82.550
prev
82.550
open
102.667k
volume
81.843 — 82.554
day's range
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CAD/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
81.66 - 81.75 - 81.82
Resistance 1 - Resistance 2 - Resistance 3.
81.97 - 82.07 - 82.13
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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strong previous bearish highs but,
it's not an easy setup - needs close attention.
Bearish interests due to price highs, but having strong support areas.
Ranging market.
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Cad/Jpy market trend is bearish
Resistance and Supporting levels :
Resistance level is
1. Resistance level is: 82.27
2. Resistance level is: 82.46.
Resistance level is: 82.66
Supporting level is
1. Supporting level is: 81.89
2. Supporting level is: 81.73
3. Supporting level is: 81.53
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Today marker trend Buy.CAD/JPY has been bearish on the daily chart. The pair has produced three consecutive daily bearish candles. It stalls at a level, which is a flipped support. If the price makes a downside breakout at the level, it may head towards the next support with more bearish momentum. On the other hand, if the level holds the price, it may go towards the North. Thus, it is going to be a crucial day for the pair to determine its direction in the next week. Moreover, fundamentally, it is a crucial day for most of the Forex pairs.
R3 83.13 R2 82.87 R1 82.37 PP 82.11
S1 81.61 S2 81.35 S3 80.85
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After analyzing the market of this pair CAD/JPY it shows that the trend is SELL
Current Rate is 81.86
According to my analysis the resistance and support will be as
1) Resistance : 82.00
2) Resistance : 82.22
3) Resistance : 82.40
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1) Support : 81.70
2) Support : 81.54
3) Support : 81.40
BEST OF LUCK...