Hello guys my name is Furkan Azak. I am a forex/crypto/future trader.
I am more then 6 years active in the financial market.
----------------------------------------------------------------------------------------------------------------------------------------------------------
I will post every week:
|Chart...
Extended far away from 50MA, RSI is overbought and turning down. Blue lines below are previous support areas where it could bounce, so I may take some off if it shows strength there.
The sentiment appears to have changed for the yen and we are seeing more buyers investing the xxjpy pairs long. We have seena bullish ema cross and a break retest.
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 80.100
C -...
Hello Traders, here is the full analysis for this pair, drop a like to support the creation of more free analysis and let me know in the comment section below also if you have any questions
The analysis above is for educational purposes. Looking to sell this pair when it breaks the trend-line
Confirmations:
1. Price rejected on Resistance level
3. Waiting for a break out
From the monthly time frame, we have nothing much. However as we go down to the weekly time frame, from the chart above we can see clearly that weekly candlestick closed above a strong dynamic resistance level and you know what that means.(BUYS!!)
Expect a retest to this level and then buy at around 81.547
Good morning traders, one quick update on the CADJPY pair..
We see the Canadian dollar against the yen in a strong bullish activity, so despite current weakness even more upside may be seen above the 82.44 high, as we are regarding current drop as a correction. It can be wave iv, with possible support/bullish turn around the 81.7/81.6 region.
Trade well,
The...
Bullish momentum has been building on the CADJPY over the last few sessions, with the bulls finally clearing out the mid-September highs on a close above 82.00 yesterday.
We like this market for continued upside through to 83.00 and possibly 84.00 before year-end. A throw-back to test the September highs is likely and represents an ideal buying opportunity on...
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
