JAPANESE YEN / CANADIAN DOLLAR

IDC

JPYCAD

Daily Strength/Weakness of the JPY.

Watch top for sell. Good luck :)

When the ABCD patterns complete' price should reverse around the PRZ

Interesting looking breakout, into a retrace. We tapped the .5 level, and hovered around the .618 and .786. I think we have a good chance of going long here. AGAIN THIS IS JUST PRACTICE IN IDENTIFYING TRENDS. Not advice

test

After successful a head and shoulders pattern, the price is about to decline more. The first leg has completed, and the second leg will be our target.

Downtrend seems to have lost steam looking at the multi timeframe divergence. Daily Kijun acting as a magnet here. Stop buy @ horizontal level & TP @ target 1 (12000) and 2 (12050).

How I traded JPYCAD, then closed at break-even when market direction moved against my trade. Audio will be improved in the next post, net connection issues toward the end of this.

JPYCAD is clearly still in early stages of its development and has just started an uptrend after hitting the bottom of the current trend/channel line. You do not want to miss this huge buying opportunity. I have entered my longs and I went heavy on this one, you really cannot go wrong on this trade. Now if only every trade were this easy for me ... DISCLAIMER;...

Will it give indication on risk appetite in April 2019?

on the jpy/cad weekly, I see price in a downtrend while retesting resistance zone several times which shows price isn't willing to break out and go strong. Drew up ascending trendline to show the last impulse up before market decides to drop in rate. News also came out which has shown unemployment rate has dropped from 2.5 to 2.3 which indicates that interest...

Trend Studies

Posible retroceso a nivel 61, con altas probabilidades de que no exista un cambio de tendencia y siga su trayectoria bajista.

Canadian dollar depreciating since 2007, as seen in this basket of G7 currencies. USDCAD long term target is 1.53-1.60 by 2021. #USDCAD $USDCAD

By Heat meter JPY was weakest, CAD was one of the toughest I will short it

Overall on week 5 JPY was one of the weakest among pairs. CAD was dominant Therefore I expect bearish market and short. Weekly Exhaustion candle = short Daily It was bull market then exhaustion candle = short 4H Bearish market. Open...

Where will it and global indices go in February?

Jpy is at + 100 fib and Cad is at -100 fib on the m30 chart. It currently is close to breaking through the triple nesting point of m30 h1 and h4. If it continues long, it has clear sailing for a while. Be careful as this is a very strong resistance point and it could easily bounce or j hook on the fib 100 line. It is worth watching as this could be a 100+ winner...