• CADJPY is approaching support, potential bounce!

    CADJPY is approaching our first support at 84.62 (Horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement, bullish channel support). A strong bounce might occur at this level, pushing price up to our major resistance at 87.78 (horizontal overlap resistance, 61.8%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout above our intermediate resistance at […]

  • CADJPY reversing from major resistance, potential for a big drop!

    CADJPY is reversing nicely from our major resistance level at 82.73 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, bearish divergence) and a strong drop could occur from here. We’re seeing intermediate support at 82.40 (horizontal overlap support, Fibonacci retracement) which needs to be broken to trigger a bigger drop down to major support at 81.33 […]

  • CADJPY right on major support, prepare for a potential bounce

    CADJPY is seeing major support above 88.57 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur above this level to push price up to first major resistance at 89.55 (Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 1.9% where a bounce is occurring nicely and has […]

  • CADJPY has bounced perfectly, further potential upside expected

    Price has bounced up perfectly from our major support at 88.57 previously. Major support is now at 89.37 (Fibonacci retracement, horizontal pullback overlap support) and a potential bounce could occur from here pushing price further up to 90.37 resistance (Fibonacci retracement, Fibonacci extension). Stochastic (89,5,3) is seeing major support above 1.9% where a potential corresponding […]

  • CADJPY bouncing nicely, more bullish momentum expected!

    CADJPY has started to bounce off perfectly above our major support at 88.50 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 90.37 resistance (61.8% Fibonacci retracement). We are seeing intermediate resistance at 89.65 (38.2% Fibonacci retracement) too. Stochastic (34,5,3) is […]

  • CADJPY on major support, prepare for a bounce!

    CADJPY is now testing major support at 88.50 (61.8% Fibonacci retracement, 61.8% Fiboancci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 90.37 resistance (61.8% Fibonacci retracement). We are seeing intermediate resistance at 89.65 (38.2% Fibonacci retracement) too. Stochastic (34,5,3) is also seeing major support at […]

  • CADJPY testing major resistance!

    CADJPY has reached our major resistance level and is starting to react strongly off it. Major resistance to keep an eye out on remains at 89.75 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) and a strong drop could occur at this level pushing price down to at least 88.52 support […]

  • CADJPY on major resistance!

    CADJPY is seeing major resistance at 89.75 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) and a strong drop could occur at this level pushing price down to at least 88.52 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 100% where it is dropping nicely from […]

  • CADJPY seeing major resistance!

    Price is starting to see major resistance below 89.24 (50% Fibonacci retracement, 61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to drive price down to 88.52 support (Fibonacci retracement, horizontal pullback support). Our next major level of resistance is at 89.71 […]

  • CADJPY testing major resistance!

    Price is now testing major resistance at 87.81 (23.6% Fibonacci retracement, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this price. Our next major level of resistance is at 88.01 (Fibonacci retracement) and our next major level of support is at 87.34 (Fibonacci extension, horizontal swing low […]