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CADJPY is paring some of yesterday’s negative ground but remains slightly below the medium-term ascending trend line. Also, the price recorded a two-month low of 84.57 earlier today. From the technical point of view, the MACD oscillator suggests that the market could maintain the bearish movement near the zero line, however, the RSI indicator is moving higher below the 50 level.Should the price head lower, traders could look for support around 83.72, which stands well below the rising trend line. Such a move would endorse the bearish structure and even lower, a break below this level would clearly challenge the 82.15 support.On the other side, gains could try to overcome the 85.40 resistance and reach the 20-day simple moving average (SMA) around 85.90. If the market moves higher, the 40-day SMA could act as major resistance as well at 86.40. Further up, the attention would turn to the area around 87.00, a frequently approached zone on November 8.In the bigger picture, CADJPY seems to be erasing the bullish view after the daily close below the eight-month diagonal line. However, today’s bullish movement could drive the price back above this hurdle, raising the prospect of false bearish signals.
https://mrkzgulfup.com/uploads/154287186737645.pngمركز الخليج
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Daily overview for CadJpy
The price is finding the first support at 85.24 and the next support is at 84.97 The price is finding the first resistance at 85.44 and the next resistance is at 85.57
--- Trading recommendations for today : Open Sell ---
I predict price will be continued falling today. The first target is the level 84.77 After fixing below the first target, then price will go to the level of 84.37 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Pivot Point - Support – Resistance :
Resistent1 : 85.44
Resistent2 : 85.57
Resistent3 : 85.64
Pivot : 85.37
Support 1 : 85.24
Support 2 : 84.97
Support 3 : 85.04
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PAIR: CADJPY
Resistent1 : 85.56
Resistent2 : 85.67
Resistent3 : 85.78
Pivot : 85.24
Support 1 : 85.16
Support 2 : 85.03
Support 3 : 84.91
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Date : 22 nov 2018
time : 14:40
currency :cadjpy
signal : Sell
opening timing : 85.24
take profit : 84.90
stoploss : 85.45
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Current lever is Cad ~ jpy ~ 85.27
Resistance lever is up
1 : Resistance lever is ~ 85.33
2 : Resistance lever is ~ 85.36
3 : Resistance lever is ~ 85.39
Support lever is down 85.26
1 ;Resistance lever is 85.23
2 : Resistance lever is 85.20
3 : Resistance lever is
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CAD...jpy
techncal analysis cad/jpy
this is a sensitive price rate.
the price cad/jpy buying point is 85.69 and the selling point 85.57
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cadjpy pair trading trend active sell signals and i say that trader place their sell order in cadjpy and trader place order in cadjpy at price 85.00 to 85.50 and we set our take profit point at price 84.00 and 83.00 and we set stop loss at price 85.50 i prefer for selling positions and cadjpy not move up price now and cadjpy give strong selling signals and it is must for trader understand the market current positions and place order in forex market
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Cad/Jpy pair hit the price near 85.80 then move back and pair now trading 85.30 it mean that pair in strong selling and pair no more chances to move up the prices 85.90 , 86.30 to 86.50 and place sell on 85.30 to 85.70 or some above prices with adjustment of take profit 84.80 , 84.30 and 84.00 and must analyze the Cad/Jpy trend first then place order and make good profit.
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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.
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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.
CADJPY bullish trend can continue , now current price at 86.50 and strong support at level 86.30 in hourly time frame. there is possible chance price will move to up side. then next high price is 87.00
I suggest to entry BUY with stoploss at 86.15 and take profit at 87.00
I hope you can earn consistent profit from my signal, good luck
