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Daily Forex Chart Art - Oct. 26, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    CAD/JPY: 1-hour If you’re in the mood for a simple trend play, then you might like this channel play on CAD/JPY’s 1-hour forex chart. The pair has been trending lower inside a descending channel and is currently testing the resistance near the 92.00 major psychological mark. If this area continues to keep gains in check, a move towards the channel support around 90.50 to 91.00 might be in order. Stochastic is pointing down anyway, which means that sellers are getting stronger, while the 100

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