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Thread: CAD JPY

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    CAD JPY

    The price is within a bearish channel on the H4 TF and we can see a drop by the price after having a double bottom happened by the MACD indicator and climbing the price to the upper channel line. By having the upper channel line broken the circumstances for starting the bullish case will be prepared.



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    Quote Originally Posted by PCMAnalyst View Post
    The price is within a bearish channel on the H4 TF and we can see a drop by the price after having a double bottom happened by the MACD indicator and climbing the price to the upper channel line. By having the upper channel line broken the circumstances for starting the bullish case will be prepared.



    Result:


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    The price is playing a box as consolidation. We expect to have a rise if 92.25 area is broken.


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    Quote Originally Posted by PCMAnalyst View Post
    The price is playing a box as consolidation. We expect to have a rise if 92.25 area is broken.






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    The Shark pattern is on sight on the daily TF. Its time will be passed till Dec. 16th and if the ground is ready a drop is expected.



    Last edited by PCMAnalyst; 12-15-2013 at 10:12 AM.

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    On the H1 chart, the price is swinging through a natural trend. We are expecting a trendy move by having the price out of the box.


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    Quote Originally Posted by PCMAnalyst View Post
    On the H1 chart, the price is swinging through a natural trend. We are expecting a trendy move by having the price out of the box.






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    On the H1 chart, a negative divergence is on-sight. We are expecting to see a drop if the condition is adjutant well enough according to the current status.


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    On the daily TF, the price is on the roof of the bullish channel. In such a condition we are expecting to see a drop across the market if the supply pressure exists. By having the roof of the channel broken, the ground will be ready to have a growth.


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    There is possible short decline in CADJPY, while the trend remains long as long as the pair remains in the bullish channel.

    Technically the CADJPY is immerse in a bullish channel since the beginning of this year. It is possible also to see in the price movement, another channel within the first one, the trend is clearly long as the pair remains in the bullish channel.

    Below, 96.50 would be an important support to consider. At the moment, the pair is fighting with the 100 resistance, so a short decline might be also possible.

  13. ARIONFORXtarder
 

 
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