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Cadjpylong

CADJPY : Current Situation & Technical , Fundamental View#CADJPY - At this point, CADJPY is selling very well due to the current MARKET SENTIMENT. So CAD automatically went down. And unexpectedly, a JPY STRONG came in the last few days. This was because the Bank of Japan intervened to strengthen the JPY. In the meantime, CAD has become very weak in the last few days because the price of OIL has gone down. - But after that the price of OIL went down very fast. Due to this reason CAD was sold very fast before. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is getting a bit SELL. - Currently, the MARKET is slightly RISK OFF, JPY is going UP, therefore, CADJPY is being SELL. - Definitely CADJPY should be slightly DOWN until 104.60 LEVEL. After that, the possibility of moving to 110.06 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall
CAD/JPY :: wait for the best time !CAD/JPY ::: 1_ Orange channel :: It is drawn in the time frame of one hour. It is currently at the ceiling of this channel, and its ceiling is a good resistance and will lead the price down to a large extent . 2_ Blue channel :: It is drawn in the time frame of 4 hours. And the price reacts a lot to the bottom of the blue channel, but has not been able to break it yet . 3_ The best decision :: wait until the price either breaks the ceiling of the orange channel or the bottom of the blue channel 4_ the targets will be as follows :: If the roof of the orange channel is broken: range 117 . If the bottom of the blue channel is broken: range 101 .
by The_Best_Trader_1991
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