Thread: Cad/Jpy
Cad/Jpy market trend is bearish
Resistance and Supporting levels :
Resistance level is
1. Resistance level is: 82.27
2. Resistance level is: 82.46.
Resistance level is: 82.66
Supporting level is
1. Supporting level is: 81.89
2. Supporting level is: 81.73
3. Supporting level is: 81.53
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strong previous bearish highs but,
it's not an easy setup - needs close attention.
Bearish interests due to price highs, but having strong support areas.
Ranging market.
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NAZ (2019-12-07), Sarfrazsagar (2019-12-07), Unregistered (2)
CAD/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
81.66 - 81.75 - 81.82
Resistance 1 - Resistance 2 - Resistance 3.
81.97 - 82.07 - 82.13
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.
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Sadia260 (2019-12-07)
Cadjpy
canadian dollar / japanese yen
81.912
jpy
−0.638 (−0.77%)
market closed (dec 06 16:59 utc-5)
82.550
prev
82.550
open
102.667k
volume
81.843 — 82.554
day's range
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Sadia260 (2019-12-07), Sarfrazsagar (2019-12-07)
Daily market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain goof and huge profit I thing keep in mind use money manage and always use stop loss and take profit.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Muhammadasif11 (2019-12-07), Sadia260 (2019-12-07)
Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
trading takes a lot of practice and know-how, and there are several factors that can make the process challenging. The risk/reward ratio helps investors manage their risk of losing money on trades. Even if a trader has some profitable trades, he will lose money over time if his win rate is below 50%. The risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order. Comparing these two provides the ratio of profit to loss, or reward to risk.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Muhammadasif11 (2019-12-07), Nadeem Ahmed (2019-12-07), Sadia260 (2019-12-07), Sarfrazsagar (2019-12-07)
I anticipate this pair Cad/jpy have bullish course
.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
I recommend to take LONG position today.
time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Muhammadasif11 (2019-12-07), Nadeem Ahmed (2019-12-07), Sadia260 (2019-12-07)
Cad/Jpy
The H4 chart shows that the price had a rejection and produced a bearish engulfing candle earlier. On its second rejection, it produced a Spinning Top, but it engulfed the last candle as well. These two candles may attract minor intraday sellers to go short on the pair. This may create a bearish momentum and ends up making a breakout at the neckline level. If the price breaches the neckline, it may head towards the level of 81.9000 with good bearish momentum.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Muhammadasif11 (2019-12-07), Nadeem Ahmed (2019-12-07), Sadia260 (2019-12-07), Sarfrazsagar (2019-12-07)
The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Muhammadasif11 (2019-12-07), Nadeem Ahmed (2019-12-07), Sadia260 (2019-12-07), Sarfrazsagar (2019-12-07)
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
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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