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Long term bias is still bullish

Ucef Posted 31 Mar as Analysis on CAD/JPY, Target: 82.82, Date: 1 di Maggio, 12:00 GMT  in #Technical analysis #Harmonic Trading #CAD/JPY #Bullish Bias #Fibonacci Level #Channel Breakout
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 82.82.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger …
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Bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on CAD/JPY, Target: 82.322, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #Elliot Wave #CAD/JPY #Bearish Signs #Fibonacci Levels #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 82.322.
However, if bullish ca…
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Long term bias is still short on CADJPY

Ucef Posted 31 Gen as Analysis on CAD/JPY, Target: 90.12, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Short Term #Resistance #Breakdown #CAD/JPY #Bearish Signs #Support Line #Fibonacci Levels #Downward Channel #Trendlines
Daily analysis
CADJPY opened the week at 86.76 and touched a low of 86.45. It was all uphill for the pair, which hit a high of 86.25, putting strong pressure on resistance at 86.45, CADJPY closed the week at 86.35. With the pair posting sharp gains last week, we begin with a top level at the round number of 86.25. The round number of 86.74 was a swing low and remains of importance. 86.65 was the high and a key resistance line. 86.85, which was a swing low, has switched to resistance. It is a wea…
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