HI Guys this is overview for CADJPY Feel free share feedback in comments.
Trend Analysis
The pair in a downtrend,confirmed by the decending trenline.
Key level
Resistance Zone 104 Marked in yellow area this area previously acted as support and now a key resistance zone.
Support Area
Around 100 physological level may find demand
Conclusion
Watching for rejection near 105 to confirm a short opportunity if rejection happens next targets 102, 100
A bullish breakout 106.0 could shift momentum upward.
if you enjoyed this forecoast please show your support with like and comments your feedback is what drives me to keep creating valueable content.
Trend Analysis
The pair in a downtrend,confirmed by the decending trenline.
Key level
Resistance Zone 104 Marked in yellow area this area previously acted as support and now a key resistance zone.
Support Area
Around 100 physological level may find demand
Conclusion
Watching for rejection near 105 to confirm a short opportunity if rejection happens next targets 102, 100
A bullish breakout 106.0 could shift momentum upward.
if you enjoyed this forecoast please show your support with like and comments your feedback is what drives me to keep creating valueable content.
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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.
Join my telegram channel
t.me/GoldkillerSignals12
Join my Vip membership channel
t.me/+hRsF7h9mMBE2NWJk
t.me/GoldkillerSignals12
Join my Vip membership channel
t.me/+hRsF7h9mMBE2NWJk
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.