Prabhu.Ram
Long

Top 5 for the day 2) CADJPY long

FX:CADJPY   Canadian Dollar / Japanese Yen
12 0 0
Hello traders!
Hello traders!
I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
Second pair for today is CAD/JPY             . It is looking to retest the recent highs at 101.15
* Description and meaning of all my indicator numbers are given below.

My indicators show the strength consistency of CAD 1.1861 and JPY as 1.4769.
The current avg             . volatility of the pair is 77
The current volume % is 23%.
Expected target for today is 101.15

*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg             . volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg             . Volatility .
Expected target is calculated based on the Avg             volatility and currency volume %.

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