CADJPY 1Hour Signal Chart

Follow signal progress on the chart below.

Canadian Dollar vs Japanese Yen 60 minute chart (click on chart to zoom)

CADJPY Comment

Good morning , This is our view regarding the Canadian Dollar vs Japanese Yen pair, following the late Asian session today Thursday September the 7th. By: Tom Parker – 4xquant.com


Canadian Dollar vs Japanese Yen pair, Has plummeted lower during the Asian session early this morning. With the pair lossing nearly 892 pips, it continue’s to move down in a strong BULLISH trend as it did in the past days ( view Daily chart below ).
On the other hand, CADJPY is holding well above the long term 200 days simple moving average (thats why we dont recommend any long trades on the CADJPY for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend.
CONCLUSION: As per above general BULLISH trend; Only Short trades to be considered following completion of any counter trend rising correction on the 60-minute chart.

β–² Buy Signal Details

Time Th 2017.09.07 08:23
Pair CADJPY
Buy@ β–² 89.2030
Stop @ 88.70300
1s TP @ 89.67300
2nd TP @

No 2nd TP!

Canadian Dollar vs Japanese Yen Buy signal information table


CADJPY Chart

CADJPY Daily Live Chart


(Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving average (red dotted line) on the 60-minute chart,
A Short signal is available now for review on the right
)

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