Cad/Jpy

Technical analysis of cad/jpy is bearish

Resistance and Supporting levels is :

Resistance level is

1> Resistance level is:83.11
2> Resistance level is: 83.31
3> Resistance level is: 83.65


Supporting level is

1> Supporting level is: 82.57
2> Supporting level is: 82.23
3> Supporting level is: 82.03

bullish trend seems to be taking place on the CADJPY pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bullish trend, now current price at 82.84 and strong support at level 82.64 in hourly time frame. there is possible chance price will move to up side. then next high price is 83.34

I suggest to entry BUY with stoploss at 82.49 and take profit at 83.34
I hope you can earn consistent profit from my signal, good luck

current level is Cad / jpy / 82.84

resistance level 1/ 82.90

resistance level 2/ 82.94

resistance level 3/ 82.99

support level 1/ 82.80

support level 2/ 82.76

support level 3/ 82.71

Technical analyse current

today current rate Cad > jpy > 82.82


resistance level 1 > 82.90
resistance level 2 > 82.93
resistance level 3 > 82.97

support level 1 > 82.77
support level 2 > 82.74
support level 3 > 82.70

CADJPY Today Prediction
Strategy: BUY, stop loss at 83.00, take profit at 84.50.
Resistance levels: 84.50 , 85.00, and 85.30.
Support levels: 83.00 , 82.70, and 82.40.

CADJPY Today Analysis

PIVOT POINT 82.77

Support 1 82.59

Support 2 82.27

Support 3 82.09



Resistance 1 83.09

Resistance 2 83.27

Resistance 3 83.59

I try to make analysis for CADJPY pair today.
I see this pair still in strong bullish movement . If this pair can break the 83.07 resistance level, I predict this pair will go up to the next resistance level at 83.55 But if this pair go down and break 82.56 support level, I predict this pair will make some correction to the next support level at around 82.04

Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 82.70 and take profit at 83.57
my advice ..don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.

Central banks bought more bullion last year than anytime since 1971, when the U.S. ended the gold standard.
Governments added 651.5 tons of gold to their coffers in 2018, a 74 percent increase from the previous year, according to a report from the World Gold Council.

Russia, which is "de-dollarizing" its reserves, was the biggest buyer, followed by Turkey and Kazakhstan. Hungary also made a large purchase, citing gold’s lack of counterparty risk and role as a hedge against changes in the international finance system, the WGC said.

“Central banks chose to significantly increase their gold reserves, reinforcing the importance of gold as a reserve asset,” the WGC said.

Central banks are expected to acquire an additional 600 tons this year, according to the consulting firm Metals Focus Ltd. The buys, which will help the banks diversify their foreign-exchange assets in a time of extraordinary political volatility, signal a growing confidence in the metal’s value moving forward.

The banks "were not net buyers even a decade ago," said Juan Carlos Artigas, director of investment research at the WGC, in a telephone interview. "As their foreign reserves expand, they are increasingly diversifying away from pure dollar exposure." {Guess they don't believe in Drumpfanomics}.

Slowing global growth, a weaker U.S. dollar and a drive by central banks to expand the amount of gold they hold could be a winning trifecta for investors seeking a recovery in the metal’s price after its first annual loss in three years.

Gold prices ended 2018 little changed, but rallied toward the end of the year amid concerns about Brexit, a falling stock market and expectations for a less aggressive U.S. monetary policy. The trend has continued this month, with bullion climbing to the highest since May.
SUPPLY AND DEMAND FIGURES FOR 2018
Global gold demand rose 4% to 4,345.1 tons
Bar and coin demand rose 4% to 1,090.2 tons, with coin purchases at a five-year high.
Global ETF inflows fell 67%, but were up for the year in Europe.
Jewelry demand was steady, and total supply was little changed.

Technical analysis of cad/jpy is bearish

Resistance and Supporting levels is :

Resistance leval is

1> Resistance level is:83.12
2> Resistance level is: 83.32
3> Resistance level is: 83.64


Supporting level is

1> Supporting level is: 82.56
2> Supporting level is: 82.22
> Supporting level is: 82.02