Daily Forex Update: CAD/JPY

От: Дима Chernovolov

Autochartist recently identified the breakout of the 4-hour Falling Wedge on the 4-hour CAD/JPY charts. The overall Quality of this chart pattern is measured at the 7 bar level – which is the result of the low Initial Trend (2 брусья), above-average Uniformity (6 брусья) and near-maximum Clarity (9 брусья). Autochartist rates the strength of this breakout at the maximum, 10-bar level – which adds to the probability the pair will soon reach the Forecast Price 78.85.

11072016dailyfximage1

As you can see from the PowerStats chart below – the upper boundary of the daily Expected Price Range calculated by Autochartist for this currency pair (79.31) exceeds the Forecast Price calculated for the breakout of this Falling Wedge (78.85) – which adds to the likelihood the pair will continue to rise tomorrow.

11072016dailyfximage2

As you can see from the daily CAD/JPY chart below, the bottom of this Falling Wedge formed near the pivotal support level 76.70 (which stopped earlier sharp impulse wave 3 in June). The proximity of this support level increases the probability of further gains for this currency pair.11072016dailyfximage3

To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.

& NBSP;

Для получения более подробной информации об этом и других продуктах Autochartist посетите www.autochartist.com

0 Нравится
1065 Просмотры

Вам также может понравиться

Leave A Comment

Please enter your name. Please enter an valid email address. Please enter message.

Зарегистрироваться






* = Обязательное поле