Facebook
 
 
loader
Daily Video Analysis: CADJPY is facing bullish pressure, potential for a bounce!

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. CADJPY is facing bullish pressure, where we could see a potential bounce from our buy entry level towards our take profit level, which is in line with our horizontal swing high resistance. It is worth noting that the Stochastic indicator is also approaching the support level, which shows possible bullish momentum in line with our bullish bias.


*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Show more


We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.



Can't speak right now?
Ask your question in the chat.