Today we take a look at CADJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports, and MACD is also holding above the 0 line. We could see a bounce at Buy Entry level, in line with 38.2% Fibonacci retracement, moving average support and ascending trendline support, and further upside towards Take Profit levels, in line with 78.6% and 100% Fibonacci retracement levels.
*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.