CADJPY Short opportunity coming this week

FX:CADJPY   Canadian Dollar / Japanese Yen
52 0 3
Week chart: Price has broken horizontal support and made a new low on week chart. In this week, it is possible to test the support of previous high in March 2012.

Day chart: It can be seen a weak candle broke horizontal support on Friday. If price could stay below that level, it is possible to continue to go down and test next support. It would be better if price could test previous support as new resistance before going down.

4 Hour chart: Price has been going down for several candles and are now far away from two moving averages, I expect price to test downside trendline and horizontal resistance soon and give weak candle as short confirmation before I start to look for short entries.
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