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CADJPY for September

rashadali Posted 24 July as Analysis on CAD/JPY, Target: 84.5, Date: 3rd of September, 12:00 GMT  in #Technical analysis #CAD/JPY
On weekly chart we can see that price failled to rise above 61% fibo and fall after MACD shows divergence with the price to 80.600 and met support and retraced.
MACD is in convergence.
Onn daily chart we can see that. Price fall after divergence with macd to 82.5 and rose to 85.7 and fall again.
MACD is in convergence with the price. ADX is much bellow 25.
conclusion: trend is week. We will see tightening sideway move. Price may be around 84.5 till September.
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CADJPY for August

rashadali Posted 25 June as Analysis on CAD/JPY, Target: 81.00, Date: 1st of August, 12:00 GMT  in #Technical analysis #CAD/JPY
On weekly chart price is moving sideway with large waves. MACD showed divergence before last fall of price.
On daily chart we can see that MACD showed divergence before last price fall. MACD rose above 25.
conclusion: Price should fall further. I expect it to be around 81.00 till August.
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CADJPY for July

rashadali Posted 24 May as Analysis on CAD/JPY, Target: 83.5, Date: 2nd of July, 12:00 GMT  in #Technical analysis #CAD/JPY
On Weekly chart price is moving sideway between 92.00 and 80. lately fall o 80.73 level and now rising.
On daily chaet we can see that price is moving in uptrend respecting trendline. MACD shows small divergence and adx is bellow 25 and fails to reise.
CONCLUSION: We may see uptrendline break soon. And price may reach 83.5 till JULY
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