devicemxl
Long

CADJPY: an idea for the quarter

FX_IDC:CADJPY   CANADIAN DOLLAR / YEN
a year ago
Idea:
The pair is apparently involved in a rising wedge.

Looking at the RSI is a "step" increase and a trend that seems to overflow near December; Taking Fibonacci levels, a zig-zag line (elliot for purists) and this combined apparently coincides with a wedge pattern fits:
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CHF seasonal trend
CAD seasonal trend
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this quarter apparently these pairs enter into a seasonal period, where the increases in indices of each other are synchronized.

To break the wedge in the second week of December

Ideas, comments and suggestions:
They are always welcome


annexed:
a year ago
Comment: meaby Bump and Run Reversal.

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devicemxl
CADJPY
devicemxl about CADJPY a year ago
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