CAD/JPY Channel

Discussion in 'Forex' started by DannyBly1, May 27, 2008.

  1. Looking at the daily CAD/JPY we can see a nice upward channel forming - containing the reaction to the longer term downmove. Watching this pair for potential breakouts to the up or downside of the channel - and for a potential cross of the 50 and 200 EMA's indicating either an (upside cross - bullish) trend change or (downside cross - bearish) trend confirmation.

  2. yes, there is a significance uptrend formed in several last weeks for CAD/JPY.

    However, despite the strength of recent formed trend, I will be aware of possible downtrend in a week or two.

    Expect to short, but beware of the inherent (-) rollover you have to pay.:)
  3. rcmcfe


    Just fell though support!