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CAD/JPY Potential Bearish Correction

CAD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 91.42, 91.84, 92.60

Key Support Levels: 90.23, 89.48, 89.05

Daily Chart:

The CAD/JPY pair is trading at 90.802 level, and it’s looking to retrace back on the daily timeframe. On the daily chart, we can see the bullish engulfing pattern suggesting a strong bullish bias in the CAD/JPY. On the lower side, the CAD/JPY can go after an immediate support level of 90.50 and 90.25.

CAD/JPY Medium-Term Trend: Bearish

1-hour Chart:

On the hourly timeframe, the CAD/JPY pair is crossing below 50 periods DEMA, along with the MACD as its value is holding below 0, both supporting strong odds of bearish trend continuation. Let’s take a sell trade at 90.798 level to target 90.480 and 90.34 level.

Signal Idea:

Sell Order @ 90.798

TP 1 @ 90.480

TP 2 @ 90.346

Stop Loss @ 91.077

Move your SL to Breakeven once trade is 20/25 pips away from Entry Price. Trade Safely 🙂

About Ali B.

Live Webinar Speaker & Derivatives (Forex, Commodities, and Indices) Analyst with the broad range of skills for evaluating financial data. Expert in investment trends, technical analysis, fundamental analysis, market sentiments, and trading psychology.


  1. Another -1R to add to the list. I’m going to make youtube video on this scam. Signals are late and mainly loosers.

    • HI Jim, it’s not possible for free signals to be a scam, they are free.

      That being said, I was testing Ali’s analysis and will remove him based on your recommendation.

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