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CADJPY Marching Towards The Second Target.

free forex currency cadjpy chart tips

Before:

free forex cadjpy currency calls

CADJPY was forming a last impulsive wave 5 of primary degree.

It had completed the corrective structure, running flat.

After accomplishing the C leg, the price surged from 87.48 to 90.

Price was above 50-MA, which was the indication of a strong trend. It was a beginning of a new impulsive move. I found that the price can make a big move up to 93.84. 

As I mentioned in my previous article, “We can expect the following targets 91.46-92.29-93.849.

Click Here to read the previous research report.

 

After:

free forex currency cadjpy chart tips

Price broke the 50-MA & minor resistance of 90.382.

Yesterday, CADJPY reached the first target of 91.46 and made a new high of 91.667.

Although the price is gaining momentum, it never moves in a straight line.

It will create a series of highs and lows to create an uptrend.


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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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