CAD/JPY: bearish reversal. Daily price was located on the bullish ranging markety condition since Devember 2016: the price was ranging within narrow support/resistance levels to be moving near-and-above Ichimoku cloud and inside Ichimoku cloud on the border between the primary bearish and the primary bullish trend on the chart. The price broke Ichimoku cloud to below at the end of the Februarythis year to be reversed to the primary bearish market condition with 84.67/84.17 support levels as the ...
Weekly price is on ranging within the following support/resistance levels: 83.80 resistance located in the beginnijg fo the bullish erversal to be started, and76.02 support level located below Ichimoku cloud in the bearish area of the chart. If weekly price breaks 76.75 support level to 76.02 target to re-enter so the primary bearish trend will be continuing, otherwise - ranging bearish.
M5 price is located within SMA with period 100 (100 SMA) and SMA with the period 200 (200 SMA) waiting for the direction for the possible breakout or breakdown. If the price will break 86.18 resistance level so we may see the bullish trend to be started on this timeframe.If price will break 85.97 support so the price will be reversed to the primary bearish condition.If not so the price will be ranging within the levels. ...
CAD/JPY H4: bullish reversal. This pair is on ranging market condition located to be inside Ichimoku cloud within 82.55 resistance and 81.35 support levels waiting for direction. There are 3 simple scenarios for the price movement for the week: bullish trend to be started in case the price breaks 82.55 resistance,bearish reversal in case the price breaks 81.35 support,or the ranging will be continuing within the levels. Chinkou Span line is located below the price ...
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