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A potential scenario for CADJPY

The Canadian inflation rate rose to 2.4% in October (Previous: 2.2%) exceeding the market expectations of 2.2%. On the other side, Japanese consumer price inflation verified 1.4% (Previous: 1.2%) matching market estimates. Looking at the daily chart, CADJPY is following the long term upward trenline (T1). Currently, it is testing the 23.6% Fibonacci resistance level, […]

GBPJPY Daily Trading Plan

This analysis may give two potential trading setups by providing entries as well as exits. We keep it really simple and straightforward. Always review your own analysis, if there is confluence between this and your own strategy, then you may have even better trading setups. On the chart, two levels indicate the BUY (green) and […]

AUDNZD Daily Trading Plan

This analysis may give two potential trading setups by providing entries as well as exits. We keep it really simple and straightforward. Always review your own analysis, if there is a confluence between this and your own strategy, then you may have even better trading setups. On the chart, two levels indicate the BUY (green) […]