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CADJPY Technical Analysis


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The price is hold by the sentiment at psychological level of 82.00 on 1 hour time frame of CADJPY, this also supported before by Doji which indicated sideways or neutral movement. But it seems today the trend may change because of this sideways, confirmed by Stoch and RSI which respectively rise to level 40 and 60 also MACD with higher high formation. Next resistance for this is around level 84.42 or if not 83.13 if still able to break it the 85.44 is the highest point to reach.

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CADJPY on 1 hour time frame is showing bearish sentiment, not to mention the price opening is below daily pivot line also MA25 and MA100. On the other hand RSI seems fall to around level 37 while Stochastic (5,3,3) rose to level 60. For now the prediction is bearish considering most of the indicators have bearish sentiment.

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  • 3 weeks later...

Bearish engulfing pattern formed on CADJPY's daily time frame, as expected the price overall under bearish trend with RSI (14) fall to around level 39 or maybe lower later. Stochastic (5,3,3) is clear with small movement down to around level 31. Macd (12,26,9) forms lowers low. Price bias is bearish with support at 76.552.

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Bullish engulfing formation spotted on daily frame of CADJPY which showing the bullish sentiment daily. Combined with RSI (14) which up to level 41, Stochastic (5,3,3) up to level 54, but MACD (12,26,9) just formed lowers high then bias for this pair is bullish and may penetrate the middle band towards resistance at 78.252.

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Bearish engulfing candlestick pattern formed on CADJPY's 4 hour time frame. Prices closed below the psychological support at 78.002. RSI (14) down to around level 53 plus the Stochastic (5,3,3) down to 42-45. Macd (12,26,9) forms lowers high. Bias price is bearish and price will fall towards level 77.152.

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Three rising pattern spotted on 4 hour time frame of CADJPY with EMA10 rise above and cut the middle band. Not to mention RSI(14) observed to rise to level 60. Stochastic (5,3,3) rise to level 93 but in the oversold area. Macd (12,26,9) also formed lowers high. Bias is bullish for this pair and the price will rise towards 78.902 which is resistance level at most.

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Based on H1 time frame chart, it seems that today CADJPY move near the trend line down plus breakout from middle band. Interaction with the price trend line of this line could determine the next CADJPY movement. When CADJPY could break this trend line, CADJPY has  potential to rise and reached a yesterday's high level in the range of 78.50.

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CADJPY's H1 chart saw the price successfully break the lower band and EMA20. RSI fall down to level 40 while Stochastic fall to level 42. MACD on the other hand formed higher lows but the price still under bearish and it seems will fall to around level 77.300

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It seems that the price failed to break EMA20 on cad/jy's H1 chart, but now move above that line without any power. Stochastic(5,3,3) formed bullish crossover and now at level 76, while RSI also rise to level 58. MACD is lower low. Even the failure to break EMA20 this pair is sideways no other big movement spotted so far.

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H4 time frame of CADJPY saw Marubozu candle, and with the price break the middle band. RSI(14) in this case seems fall to level 74 while Stochastic (5,3,3) observed fall to around leve 76. MACD(12,26,9) formed lower high. At the moment price bias indication is bearish, and the price seems will fall to around 77.556

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Bearish harami spotted on 1 hour time frame chart of CADJPY where the price successfully break EMA20 and RSI(14) plus Stochastic(5,3,3) fell both to around level 65 and level 28. MACD also formed lower low. The bias is bearish at the moment with the price target may fall to around 79.332.

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CADJPY on H1 chart saw the inverted hammer and big white body followed and successfully closed above middle band and EMA20.  RSI(14) seems rose to level 58 while Stochastic (5, 3, 3) rose to level 76 and MACD formed higher high. Prediction for CADJPY is bullish with the target is at 78.436.

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CADJPY on H1 chart managed to break EMA20 and the first resistance level so do middle band. Considering the other indicators such as RSI and Stochastic which rose to 60 and 64 respectively, also MACD's higher high formation, this pair seems under bullish sentiment, the next target could be located at 78.85 .

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CADJPY based on 1 hour time frame formed bullish engulfing pattern followed by few bullish candle. RSI (14) seen rise to level 62 while Stochastic (5,3,3) seems rise to around level 70 and MACD formed lower low. This pair right now is under bullish trend, and may rise up to the middle band area.

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Bullish engulfing pattern spotted on 1 hour time frame of CADJPY and the price finally break the middle band. Not to mention RSI(14) observed to rise up to 56, Stochastic (5,3,3) observed to rise up to level 77. The pair prediction is bullish and the price may rise up to 79.05

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CADJPY on 1 hour time frame observed to formed big black candle and successfully break EMA20 and also the middle band. RSI(14) on this chart spotted fall to around level 45, Stochastic (5,3,3) spotted fall to around level 40, and MACD also formed higher low. The conclusion for this pair is bearish with the next target at 78.76

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H4 chart saw the price of CADJPY is moving below pivot and cannot break even with several trials. Parabolic SAR indicator (0.02,0.2) showed sell signals, while RSI (14) down to level 23, Stoch indicator (5,3,3) down to level 5 which means oversold enough, and MACD formed lower low. This pair may be predicted to be bearish with the target at 77.00.

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CADJPY analysis based on H1 chart indicated this pair is under bearish trend. Parabolic SAR right now is giving bullish signal but RSI fell to level 46, MACD(12,26,9) is forming lower high, EMA20 is above this pair plus Stochastic which fell to level 54. Based on that i can conlude this pair bias is bearish, with target at most 78.20

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Small wedge pattern foremd on 1 hour chart of CADJPY and also the price able to break the middle band and closed below. Parabolic SAR presently above the price which means bearish. RSI(14) fell down to level 46, while Stochastic(5,3,3) fell down to level 40. MACD formed higher low on the red zone. Based on that the conclusion for this pair bearish with target at 77.23

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Based on CADJPY's 4 hour time frame chart, it observed a morning star with long wick formed and followed by few bearish candle indicated a reversal and the price failed to fetch more profit. All indicators are bearish in this case. Stochastic fell to around level 40, RSI observed to fall down at around level 38. MACD in red zone and forme lower low. The prediction for today is bearish and the fall's target at most located at 76.940.

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Based on CADJPY's 4 hour time frame chart, it observed a morning star with long wick formed and followed by few bearish candle indicated a reversal and the price failed to fetch more profit. All indicators are bearish in this case. Stochastic fell to around level 40, RSI observed to fall down at around level 38. MACD in red zone and forme lower low. The prediction for today is bearish and the fall's target at most located at 76.940.

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Cadjpy based on 30 minutes chart observed to fell down. Middle band is broken by the price and now closed below middle band. EMA100 still is above the price which means bearish signal. RSI(14) fell down to level 23. It seems that bearish trend is valid for CADJPY. Overall we can say that CADJPY may fall dow further to at most 76,65

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Breakout seems too strong for CADJPY it seems the price still under bearish sentiment. It observed that EMA100 is facing down while Parabolic SAR do the same with move above the current price. RSI in this chart fell down to around 48 while Stochastic as we know also fell down to level 31. MACD(12,26,9) formed higher low but in red zone so it seems like a weakening bearish. Bias is bearish and may fall towards 76.41.

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CADJPY based on 30 minutes chart saw the price cannot break EMA100 and also middle band thus make the price rise higher. With the support from RSI(14) which in this chart rise to 53, Stochastic(5,3,3) which rise to level 39, MACD which formed higher low on green zone, and Parabolic SAR bullish status i think this pair may be under bullish sentiment and will rise to 77.55

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CADJPY on 1 hour time frame chart saw that this pair tried to stay above the lower band with a closing price pattern forming lowers high. Other indicators such as RSI(14) rose to higher level or exactly at level 38 and Stochastic (5,3,3) observed to rise up to around level 29 and Parabolic SAR is moving above the price. MACD formed lower high on green zone. Overall it is weak bullish and the highest price today is at 76.758.

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