CAD/JPY Trading Analysis (04/09/2025)
The trend is ascending. The currency pair is trading within the 365–135 EMA range. The downward truncated wave structure ended when the sloping channel was breached. There is bullish divergence on the Awesome Oscillator, as well as a Stochastic Oscillator signal indicating an oversold condition.
Trade idea:
- Buy at the breach of 107.427
- Stop-loss at107.140.
- Price targets are 107.700 and 107.950.
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