{"id":7009,"date":"2010-02-22T08:59:18","date_gmt":"2010-02-22T13:59:18","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7009"},"modified":"2010-02-22T08:59:18","modified_gmt":"2010-02-22T13:59:18","slug":"cadjpy-may-go-bearish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/02\/22\/cadjpy-may-go-bearish\/","title":{"rendered":"CAD\/JPY May Go Bearish"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; In the last two weeks of trading, the CAD\/JPY experienced much bullishness, and it stands now at 88.20. However, as I demonstrate below, it seems that the pair\u2019s bullish run may have run out of steam and a bearish correction could be underway soon. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave.<\/p>\n<p>\u2022\tBelow is the daily chart of the CAD\/JPY currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent Range, Relative Strength Index (RSI).<\/p>\n<p>\u2022 Point 1: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n<p>\u2022 Point 2: The Williams Percent Range has peaked near at the 0 marker, which means that there may actually be a strong level of downward pressure.<\/p>\n<p>\u2022 Point 3: The Slow Stochastic indicates an impending bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p><strong>CAD\/JPY Daily Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/CAD-JPY-22-2.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/CAD-JPY-22-2.JPG\" alt=\"\" width=\"444\" height=\"646\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; In the last two weeks of trading, the CAD\/JPY experienced much bullishness, and it stands now at 88.20. However, as I demonstrate below, it seems that the pair\u2019s bullish run may have run out of steam and a bearish correction could be underway soon. Forex traders have the opportunity to wait &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/02\/22\/cadjpy-may-go-bearish\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CAD\/JPY May Go Bearish&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7009","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=7009"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7009\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}