With volatility dropping slightly and the lower and higher ranges moving up, along with the price itself being close to the lower range in a fairly bullish signal, I'm a buyer here. Let's see where this goes.
Point to keep in mind, Crude oil price is correlated with CAD, and the problem is that crude oil signal is slightly bearish (it was bearish till last week) with range of 65.58 to 85.5. So I'm guessing going long on CADJPY is a probable thing to do in terms of risk reward and the signal wise.
If you need similar signals for your tickers, let me know I will add them to the system and publish here when something nice comes along (for free of course)
Goodluck
Redd
Point to keep in mind, Crude oil price is correlated with CAD, and the problem is that crude oil signal is slightly bearish (it was bearish till last week) with range of 65.58 to 85.5. So I'm guessing going long on CADJPY is a probable thing to do in terms of risk reward and the signal wise.
If you need similar signals for your tickers, let me know I will add them to the system and publish here when something nice comes along (for free of course)
Goodluck
Redd
Note
Correction, I seem to have updated fridays value for EUR and CAD. Sorry for that. CADJPY is in a strong bullish trend with low end at 88.2.
Sorry for the confusion. I'm a buyer at these levels
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.