Kishore
Long

CADJPY NEAR CHANNEL SUPPORT

FX:CADJPY   Canadian Dollar/Japanese Yen
423 3 16
MARKET ANALYSIS: The price is now trading inside a ascending channel . it has reached the support level . The market came and took a strong support level at the 61.8% fib level. So if the channel support holds we can expect a move to the next possible resistance zone . A break below can make the price to move towards the support zone then start rally to the resistance zone . So lets wait and see what the market does in the coming days. Cheers!
Thanks for your analysis!
Here is my view on CAD/JPY if you are interested:

Based on Market Profile (volumes) and Price Action there is very strong swing support at 84.261. The market is in a strong uptrend and this is the closest strong support in the way up. If the market makes a trend correction I will go long from there.
In this support zone there are cummulated heavy volumes of big players who drove the price higher - you can see that in the Cummulative volume profile shown on the right sideof the chart.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there.
Dale
CAD/JPY  swing based on Market Profile and Price Action
Reply
Agreed, best to be patient on this one! Cheers for the idea post.
Reply
thanks
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out