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Daily overview for CadJpy
The price is finding the first support at 80.91 and the next support is at 80.72 The price is finding the first resistance at 81.36 and the next resistance is at 81.58
--- Trading recommendations for trading : Open Buy ---
I predict price will be continued flying today. The first target is the level 81.50 After fixing below the first target, then price will go to the level of 81.76 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 Support – Resistance :
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I try to make analysis for cadjpy pair today.
I see this pair still in strong bullish movement . If this pair can break the 81.40 resistance level, I predict this pair will go up to the next resistance level at 81.88 But if this pair go down and break 80.89 support level, I predict this pair will make some correction to the next support level at around 80.37
Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 81.03 and take profit at 81.90
my advice ..don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
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CadJpy technical analysis by using : Auto pivot indicator.
resistent level 1 - 82.44
resistent level 2 - 82.07
resistent level 3 - 81.73
pivot poit - 81.36
support level 1 - 81.02
support level 2 - 80.65
support level 3 - 80.31
Parabolic SAR indicator there a dot below the candles that indicates a upward direction in addition to that we can see a BUY signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal
on the chart of the this pair there is a main up trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bullish direction then I will go for “BUY” positions.
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CAD/JPY market technical over view
according to market technical analysis the market have down trend
the market trend is in sell position
expected resistance and support levels
1- Resistance level----------81.34
2- Resistance level----------81.45
3- Resistance level----------81.55
1- Support level-------------81.01
2- Support level-------------80.89
3- Support level-------------80.79
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this is my analysis for CADJPY pair , hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakout of the resistance level at 81.39 and the pair will continue to go up to the next resistance level at 81.64
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 81.34 , stop loss at the level 80.99 target take profit at the level 81.79
if market movement as my scenario, you can earn good profit and avoid much loss in your trade
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this threead is really informative and techniacal because i have learned so much from here
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my dear sir today of my tachnical analysis is cas jpy sell to bearish
1- Resistance level----------81.34
2- Resistance level----------81.45
3- Resistance level----------81.55
1- Support level-------------81.01
2- Support level-------------80.89
3- Support level-------------80.79
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Cad/Jpy today's technical analysis is bearish.
1. Resistance Level: 84.52
2. Resistance Level: 84.84
3. Resistance Level: 85.12
1. Supporting Level: 83.98
2. Supporting Level: 83.69
3. Supporting Level: 83.40
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Todays cad/jpy Resistance & Support./
Resistance
1-Resistance 84.89
2-Resistance 84.95
3-Resistance 85.09
Support
1-Support 84.71
2-Support 84.68
3-Support 84.52
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According to my analyse the market of cadjpy will open with gap market try to recover this gap and there is a lot of chances to get profit from this gab after closing a market when open market next week due to the any country internal financial condition the market will open up and down from the that value of market that closed and when market open with the gap and they try to recover the gap and Forex traders earn from this gap it is a good stratgy for earning profit with gap