CAD/JPY 4H Bullish Setup – EMA Gap Up + ADX & Stoch RSI Confirmation
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The CAD/JPY forex pair is showing strong bullish momentum on the 4-hour chart. Here’s a breakdown of the technical factors supporting this view:
1. The price is above the 50 EMA, showing short-term bullish strength.
2. The price is also above the 200 EMA, confirming long-term upward momentum.
3. The pair has gapped up recently, signaling strong bullish interest and possible continuation.
4. The ADX indicator is confirming the trend strength, supporting the upward move.
5. The Stochastic RSI has bounced from oversold levels and given a reversal buy signal in line with the trend.
These combined signals suggest a potential bullish continuation in the CAD/JPY pair.
Disclaimer: This content is for educational purposes only and not financial advice. Always do your own analysis before trading.
To learn more, search for Rocket Boost content.
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The CAD/JPY forex pair is showing strong bullish momentum on the 4-hour chart. Here’s a breakdown of the technical factors supporting this view:
1. The price is above the 50 EMA, showing short-term bullish strength.
2. The price is also above the 200 EMA, confirming long-term upward momentum.
3. The pair has gapped up recently, signaling strong bullish interest and possible continuation.
4. The ADX indicator is confirming the trend strength, supporting the upward move.
5. The Stochastic RSI has bounced from oversold levels and given a reversal buy signal in line with the trend.
These combined signals suggest a potential bullish continuation in the CAD/JPY pair.
Disclaimer: This content is for educational purposes only and not financial advice. Always do your own analysis before trading.
To learn more, search for Rocket Boost content.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.