CADJPY has been on a strong 1D Channel Up (RSI = 53.040, MACD = 0.280, Highs/Lows = 0.0000) since August, breaking above the 1W MA50 (blue line) but was eventually rejected near the 1W MA200 (orange line).
Looking back on the 1W chart this is a cycle that is repeated since 2006, with Death and Golden Cross formation marking it. At the moment the price is preparing an aggressive rise into a new consolidation zone (green Rectangle). This will most likely be marked by a Golden Cross. Our long term Target Zone is 89.000 - 91.500.
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Looking back on the 1W chart this is a cycle that is repeated since 2006, with Death and Golden Cross formation marking it. At the moment the price is preparing an aggressive rise into a new consolidation zone (green Rectangle). This will most likely be marked by a Golden Cross. Our long term Target Zone is 89.000 - 91.500.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.