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Hi traders,
Today the market is close and it will open on Monday so by checking the all routine of the chart and indicator I have come to know that tomorrow the market will move in upside so I suggested that tomorrow we should choose the option of buy for trading Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck my friends.
My all best wishes are with you.
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.
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
Cad/Jpy
CAD/JPY 4H Chart: Could edge lower
The Canadian Dollar has been edging higher in an ascending channel against the Japanese Yen since the beginning of December. The currency pair has surged by 2.81% in value during this period
All things being equal, the exchange rate might make a brief downside movement during next week's trading sessions. The potential target will be at the lower boundary of the ascending channel pattern at 82.34.
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.
Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 83.20
This currency name - CAD/JPY
Resistance and Target - 83.33
Support and Stop Loss - 83.07
Always follow Long time frame market trend.
Signal is Sell.
Forex Forecast with price level
CAD/JPY - pair in focus.
Current Price - 83.23
main support level - 83.14
main resistance level - 83.31
Pair likely to be in Sell today.
However, if the given support level holds, the expected decline might not be immediate, and the currency exchange rate could make a brief upside retracement during the following trading sessions.
HI
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.