Get started
Orion-Markets

CADJPY returns to upper boundary of trend channel

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Orion-Markets  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CADJPY trading Technical Analysis forexsignals forextrading profit currencytrading
9
1
trendanalysis chartpattern indicator cadjpy trading technicalanalysis forexsignals forextrading profit currencytrading
CADJPY remains in a daily, falling trend channel and after a bounce off the top currently sits mid range. We are still forecasting a return to lower levels so we have entered short from the top of 1hr channel. RSI is overbought and Stochastic suggests market momentum is diminishing.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.