Daily Analysis on CADJPY by ThinkingAntsOk

172
Use this as a guide to develop your view.

Main items we can see on the Daily Chart:

a)The price is inside a descending channel

b)Currently, the price is on the lower trendline of the descending channel

c)Also, we have a massive Support zone on 75 - 76

d)The convergence between the Support zone + the lower trendline of the descending channel, provide us with a clear reversal zone

e)Our long term target for the bullish movement will be the higher trendline of the descending channel.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.