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EUR/SEK 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    CAD/JPY 4H Chart: Channel Up C omment: CAD/JPY is currently attempting to establish a bullish channel. However, while there is some upside potential, the currency pair is approaching a major falling resistance line, which is highly unlikely to let the Canadian Dollar to appreciate beyond 87.50 yen. At the same time, the February high and the monthly R1 at 87 yen represent a neck-line of the double bottom emerging in the daily chart, and a close above this level will imply a recovery towards

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