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After yesterday Give up by rejection area at resistant 98.36, this pair continue to make a new bearish area on H1 time frame today, we can see price interesting to hit area 97.77 as support 1, possible to hit next target at 97.64. for the bullish condition, it could be started if 98.36 can break up
Take a Glance at Technical analysis: CADJPY forms bearish patterns at the peaks of rallies. Gravestone doji and shooting star pattern candlesticks have occurred at 82.636 and 82.663 levels.
Consequently, the current price slid way below DMAs with bearish crossovers, ever since the formation of these bearish patterns at stiff resistance of 82.624 levels (refer daily chart). Furthermore, both leading and lagging indicators signal the upcoming trend most likely to plummet prices way below 82 levels if it manages to breach below 82.088 levels.
Mild bullish rallies, for the day, seem to have been struggling for momentum. Extension of rallies seems unlikely as the technical indicators are in line with the bearish trend.
CAD/JPY market technical analysis
market trend is going bullish
market price = 84.28
Resistance levels
the market could break the first resistance at =84.41
the market could break the second resistance level at =84.53
the market could break the third resistance level at =84.64
Support levels
the market could break the first support levels at =84.14
the market could break the second support level at =84.02
the market could break the third support level at =83.92
cad/jpy
aj ki price men kafi up ja raha is time ke price 85.47 aur mere analysis k hesab se ye aj ki price men kafi down level tak jaega 84.95 is price tak aur normal price 85.34 ye rahege aj ke.
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
Full Chart »
Bid / Ask82.46 / 82.48
Day's Range82.46 - 82.6
52 wk Range77.03 - 89.24
Prev. Close82.56
Open82.57
according to CADJPY technical analysis , I predict this pair have BULLISH TREND.
the price is break Resistance and Trend Line and it is Flying Up side with having the Long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels
I suggest to take LONG position at -- 82.45
target take profit at -- 82.93
target stop loss at -- 82.08
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.
money management is very effective for getting profits with stop loss and take profits method with current trading position.
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.
After yesterday Give up by rejection area at resistant 98.36, this pair continue to make a new bearish area on H1 time frame today, we can see price interesting to hit area 97.77 as support 1, possible to hit next target at 97.64. for the bullish condition, it could be started if 98.36 can break up
Cad/Jpy Today's Analysis:
Aj ki market Bearish hai or ye 82.32 level break kr k mazeed down ja sakti hai.Hm SELL kr k acha profit bana sakty hain.
Aj k S/R levels ye hain:
Support 1: 82.52
Support 2: 82.38
Support 3; 82.17
Resistance 1: 82.57
Resistance 2: 82.74
Resistance 3: 82.95