Posts tagged 'CADJPY'

Our report of 22nd January highlighted a Bearish Head & Shoulders pattern that targeted 82.00. That point was reached during March and extended by almost 1 1/2 big figures before profit taking developed.That rebound regained virtually exactly half of the decline from January's high but also created what is now confirmed as a false positive break... read more

A Bearish Head & Shoulders pattern was completed in February with CADJPY targeting 82.00. That target was exceeded by almost 1  1/2 big figures but that negative tone has clearly ended. CADJPY reached a 16 month low in March with, since that time, buying interest dominating the cross since.  But until last week, a change to a... read more

CADJPY Update 12th FebruaryLast week's strong decline has confirmed the bearish view written here on January 22nd. In fact, the move has confirmed the formation of a Bearish Head & Shoulders pattern with a break of the neckline.  Although  immediate targets are 85.47 and 83.79, the negative Head & Shoulders formation has a projected target for... read more

Tuesday 21st Nov - As you will have seen the negative concerns expressed in this post have been confirmed with a close below the average. Our medium term bias for CADJPY has changed to bearish with initial targets of 86.45 and 85.47. CADJPY RSI signals produced a negative (dead) cross 3 weeks ago. That move was not... read more

Last week's tentative close in CADJPY above the 21 week moving average has been extended in early trading this week. The move above the average confirmed an earlier positive crossover in our RSI indicator.This follows negative signals provided in March that saw CADJPY decline by almost 4 big figures. Since April's low the cross has traded... read more

Last week's CADJPY decline continued a gradual series of lower weekly highs and the drift back from December's peak. The negative cross of the 21 week moving average confirmed the earlier break of the RSI indicator through its average.As you can see from the chart these indicators captured the bear trend that dominated the 3rd quarter... read more

CADJPY has been in a clearly defined downtrend throughout 2016 (barring one false and short lived spike in April). That trend has been defined by the 13/21 week moving averages and the weekly Keltner channel.But our indications are that this trend has ended and a new positive bias is developing. RSI gave a positive cross through it's... read more

..CADJPY remains in a negative trend but this week's firm rejection of 4 year lows is asking some questions of the cross.The 21 week moving average capped CADJPY during May and early June and it was a negative move of the RSI beneath it's moving average that confirmed a bearish tone for the cross in mid-June.... read more

....Last week's strong decline in CADJPY , and bearish RSI crossover, has confirmed a renewed negative tone for sentiment.The key 21 week moving average was broken on the downside in July 2015. This negative move confirmed the previous week’s ‘dead’ cross in RSI indicators. Price action has been capped by the 21 week moving average since that... read more

Trend in CADJPY is increasingly positive.A move below the 21 week moving average in July last year confirmed the negative signal given by RSI the preceding week.CADJPY then fell by 18 big figures to January's low with profit taking rallies stemmed by the mid point of a declining Keltner channel and the average.2015 closed with prices... read more