CADJPY bounced nicely off its support, potential to rise!

2018年3月28日

CADJPY bounced nicely off its support at 81.683 (61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap support) where it has the potential to rise to its 1st resistance at 82.358 (100% Fibonacci extension, 61.8% Fibonacci retracement) or to its 2nd resistance at 82.764 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback resistance). We have also identified another support at 81.324 (horizontal swing low support)

Stochastic (34, 5, 3) made a corresponding bounce of its support where it has the potential to rise further.

2018年3月29日

交易结束：到达目标

CADJPY rose nicely to our major resistance!