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Showing posts from August 16, 2020

CADJPY - Market Insight

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CADJPY is strong uptrend from the Daily timeframe, considering the arrangement of 21,14 and 7 SMAs and Dynamic Cycle Explore confirming that in same timeframe. The major intraday support are 80.08 and 70.90 and this pair is good for BUY as long as price is above this supports.

BULLISH DIVERGENCE

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The bullish trend of the TMASlope is backed or confirmed by the bullish (hidden) divergence as seen in the image below. Price is sitting on the intra-day support at 138.77. Another support at 138.08. We continue with the bullish bias as long as price is above the support levels.

MARKET INSIGHT

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 Two pairs appeared on my scan result this morning as potentials this week. The DSS, fisher and dynamic oscillators in weekly timeframes are all in uptrend. D1 shows confirmation with dynamic cycle explorer going up too. H4 below the middle level for dynamic cyle explorer triggers an opportunity to plan BUY.