FullTimeTrader
Short

CADJPY-changing the trend

FX:CADJPY   Canadian Dollar / Japanese Yen
224 4 2
From my point of view this pair is on a clear trend change and started making a sequence of LH,LL.
Now is bouncing from the downward trendline .
We have also a fib overlapping at this area.
Best regards.
I think there's no trend...the support below is dangerous.
I tried shorting it before, but crude rallying hurt my position.
Right now, I see a possibility of crude and cad regaining strength, at the same time as the Nikkei drops...a bit of conflicting information for a short.
Let's see how it pans out though.
Reply
Realisto_FX IvanLabrie
I agree with Ivan. Market is in consolidation with conflicting forces . I will sit on the sidelines or trade small
Reply
alex.a IvanLabrie
If Iran sanctions are off, then oil price will go down further. What do you think? I think it will change ?? That's why I looked again ~
Reply
HexVex alex.a
Iran's production won't come online for 2-4 years they say. Their hardware is 60's & 70's and will need an overhaul. Say its 16 months by some miracle. Washington wants to keep the screws on Russia and the Saudis want their market cap.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out