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CADJPY Technical Analysis


pepy

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CADJPY on 1 hour graphical chart show us that the price is moving exactly above EMA100 and also the price still move above pivot line today. RSI and Stochastic in this chart both show us bearish signal with fall to level 69 and 19 respectively, MACD in the green zone, Parabolic SAR is moving below the price which means that today it will be bullish and target is at 78.00

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CADJPY on 1 hour time frame chart shown that the price once again pressured by seller and it is way far below EMA100 and also Parabolic SAR this indicated bearish trend. RSI and Stochastic in this chart also fall to lower level, supported by MACD(12,26,9) which formed lower lows on red zone. Based on the analysis above the bias is strong bearish with support at 76.21

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  • 2 weeks later...

CADJPY failed to close the gap up, indicating potential bullish, with confirmation if price can break above 78.00. On 1 hour chart indicates that the price is above EMA100 and also pivot line. RSI 14 area rose to around level 49, while in this chart Stochastic observed to rise to level 80 and PSAR moves below the price which means bullish. MACD forms lower high on green zone. Based on the analysis above the 1 hour chart, the pair is predicted to bullish with resistance at 78.33

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The price of CADJPY seems formed a bullish engulfing pattern on 30 minutes chart riding the price to above EMA100 and middle band effectively closed the price above mid band. Stochastic observed to rise to level 36 and RSI also rise to level 50. Based on the overall analysis then this pair is predicted to be bullish with the resistance at 78.93

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It seems this CADJPY is quite weak and failed to break EMA100 also the worst closed below. Parabolic SAR is still above the price where MACD formed lower low on red zone. RSI in this chart oddly rise to level 80 while Stochastic fall down to level 47. Based on that, i think the price of CADJPY's is expected to be bearish with support at 77.92

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CADJPY on 1 hour time frame chart show that the price able to break the upper channel and stabilize itself which means it closed above the upper channel. The price also able break the first resistance level at 79.30. RSI(14) in this chart rise to level 67 while Stochastic(5,3,3) rise to level 45 and Parabolic SAR is moving below the price. MACD formed a lower high on the red zone. The price is bullish with target at 79.49 and then to 80.00

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CADJPY on H4 chart show the bearish signal with the price of this pair able to break the middle band and closed above after before there are hanging man followed by big black candle. The other indicator such as Parabolic SAR observed to be moving above the price, and RSI fall to level 45 while Stochastic seems rise a bit to 34. MACD formed higher high. So based on the analysis then this pair has support at 78.624

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Up to now this pair(CADJPY)still failed to get out from the pressure of seller which add more bearish sentiment to this pair. The price is also formed bearish engulfing pattern indicated for more bearish sentiment especially with the closing below EMA100 and PSAR. RSI(14) also Stochastic(5,3,3) are both rise to higher level where RSI to around level 31 and Stochastic to around level 15. Based on 1 hour chart analysis, the pair predicted to be bearish with support at 78.12

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On H1 chart the price of CADJPY seems to be able break the EMA100 and closed above also thanks for the few big white candle which formed before are able to put the price higher like this. RSI(14) in this chart seems rise to level 60, but Stochastic fall to level 47 while MACD formed higher high formation. Based on the analysis above, this pair expected to be bullish with resistance at 78.58

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CADJPY on 1 hour chart show that the price is keep gain more points in this afternoon and the price seems to be closed above EMA100 and also Parabolic SAR. Not to mention both indicators which are RSI(14) and Stochastic(5,3,3) observed to rise around level 60 and level 85 respectively, while MACD(12,26,9) formed higher high formation. Based on the graphical chart analysis above then this pair expected to be bullish with resistance at 78.63

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CADJPY seems to be bullish with the price fly away and break EMA100, not to mention in the opening the price successfully opened above pivot level. MACD(12,26,9) formed higher high on the green zone, but RSI(14) in this chart rise to level 65 while Stochastic(5,3,3) rise to level 70. Based on the analysis above then this pair seems to be bullish with resistance at 78.91

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CADJPY has big potential to rise after the price successfully closed the gap this morning, not just that bullish engulfing pattern also spotted here. The other indicators are bullish. RSI and Stoch rose to level 53 and 80 respectively, MACD formed higher high. Parabolic SAR is moving below the current price. So based on that analysis, it seems this pair will rise towards the next resistance at 78.72

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CADJPY failed to break EMA100 and pivot line instead the price rejected there. With that the price may fall further, considering RSI and Stochastic in this chart fall down deeper to around level 45 and 54 respectively. MACD in this char also show a lower low formation. Based on the fact and according to my analysis, this pair will weakening with support at 77.84

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The price of CADJPY has been fall down for quite long time and the current price able to break the middle band and closed below. Parabolic SAR is bullish with exist below the current price. RSI and Stochastic on H1 chart fall both to lower level where RSI to 44 and Stochastic to 36. MACD formed lower lows. So based on that this pair expected to be bearish with support at 76.66

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CADPY on H1 chart show that the price has potentital to strengthening after failed to continue the movement below EMA50. The price is now testing EMA100 and also is moving above Parabolic SAR. RSI and Stoch are both under bullish sentiment where RSI rise to level 53 while Stoch rise to level 75. Based on that information i think CADJPY may strengthening up to around resistance at 79.53

 

 

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It seems CADJY still on the positive territory also still moving above Parabolic SAR, Pivot Line, and EMA100. Bullish 3-method formation formed on H1 chart of this pair too indicated the bearish sentiment. RSI and Stochastic seems rise up to 35 and 46 respectively with support by MACD which formed lower high formation. So i think this pair will rise to around 79.57

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  • 2 weeks later...

First resistance breakout is not a joke and proof that technically this pair is under strong bullish sentiment, considering some bullish candle formed such as Morning star and Bullish engulfing pattern. RSI and STochastic in this chart also leaning to bullish with its signal where it rise to 71 and 79. Based on that the target is clear it is the next resistance at 84.63 before it corrected.

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CADJPY on 4 hour chart spotted formed gravestone doji candle and also with the breakout of lower band. The price successfully closed below the lower band and supported by other indicators such as RSI and Stochastic where both seems fall towards 45 and 17 respectively, MACD on the other hand formed higher low. Based on the current condition, this one may weakening towards 82.84

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  • 2 weeks later...

Big gap for CADJPY and indication of bullish sentiment considering that EMA100 still moving beneath the candle plus that PSAR also do the same. RSI(14) rise to level 72 but it sees that Stochastic(5,3,3) fall down to level 20 right now. So based on the analysis which i got, then this pair expected to rise and test the resistance at 88.35

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CADJPY on 1 hour time frame chart successfully formed bearish engulfing pattern and closed down below the middle channle also below the 1st support at 88.02, a break on this support line may make the price pressured and may fall deeper to around the next support at 87.64, considering that MACD, RSI, Parabolic SAR, and Stochastic are bearish.

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  • 3 weeks later...

On H1 chart it seems that CADJPY downside movement seems stuck on support level at 87.65 even before formed a bearish engulfing pattern, this one supported by RSI and Stochastic which both fall down towards level 45 and level 39 respectively, my prediction is if price is not able to pass through support level then this pair will bounce back to pivot at 88.03.

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  • 2 weeks later...

CADJPY on H4 chart show that the rice once again surpressed by the seller and the price right now is moving below EMA100 and Parabolic SAR also pivot line. RSI and Stochastic in this chart both fall to level 46 and level 58 respectively, while MACD formed a lower low formation. So it is clear that this pair may fall to around first support at 86.48

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  • 5 weeks later...

Bullish still dominated the market and it is clear as crystal, but until this evening the price still doesn't make much significant movement. CADJPY also still trying to break the support at 86.80, which become another testing. If failed the price may rise to around level 87.28 at most considering that most additional indicators at the moment are bearish.

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Based on this one 1 hour chart, CADJPY is still strengthening its position thanks to the bullish sentiment which still dominate the market. The price right now is testing the first resistance if able to break the this pair's price will rise to the higher resistance level at around 87.22. I expect this scenario could happened and the rating is around 75%.

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2 dojis indentified on 1 hour time frame chart, CADJPY right now indicated as bullish pair due to this sentiment, not just that after that doji, the price able to break the upper band and closed above. RSI(14) observed to be bullish with rise to level 64, while MACD formed higher high, not to mention Stochastic which rise to around level 73. Price's bias is bullish with psychological resistance at 88.00.

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