CAD/JPY Up 12 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; Price Base in Formation Over Past 30 Days
Or to simplify this another way, note that out of the past 10 days cadjpy’s price has gone down 6 them.
May 23, 2022 6:50 GMT
Over the past 88 days, CADJPY’s price has been in a clear uptrend, growing by about $0.19 per day.
Over the past 133 days, CADJPY’s price has been in a clear uptrend, growing by about $0.15 per day.
CADJPY’s price has moved up $17.26 over the prior 16 months.
CADJPY has a price of $99.935, down 1.03% from its value 24 days prior.
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+ 500 – Internal server error
Or to simplify this another way, note that out of the past 10 days cadjpy’s price has gone down 6 them.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
This move is a reversal from the hour prior, which saw price move up.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.