An Intraday CAD/JPY Ascending Channel is Creating Scalping Environment [DailyFX]
AUD/CAD Ascending Channel Provides Swing Trading Opportunity [DailyFX]
$CADJPY testing 76.4 Fib retracement on July 9 to November 1 move. Broke through 20-SMA, 50-SMA, and 200-SMA on yesterday’s close. Sell signal remains in order; could see depreciation towards 61.8 Fib at 83.364, or even lower back towards 200-SMA at 83.216.
Strong sell signal as $CAD continues rally; looking for sell-off in $CADJPY. RSI overbought at 71, %K set to move below %D on Slow Stochastics (91.69, 91.28 respectively). Remains in ascending channel, however.
