Open trading account Community Blog
CAD/JPY- Seek higher grounds!
Charts: 4Hours, 1 Day.
Indicators: Pattern Analysis Widget , MACD .
Current Level : 95.19
CAD/JPY encountered a Resistance at (101.05) after a strong bullish trend of 2800 pips that started almost two years ago. From there as can been seen on the chart, there where 4 consistent attempts to break lower 92.00 level unsuccesfull though, and that helped formed a small range area between (92.00 )& (97.50 ).
As you can see the pattern analysis widget identified a complete triangle pattern of 100% mag…