Bullish CADJPY - 26 November 2024

EURUSD Forex

CADJPY

Bullish Closed

Charts by TradingView

A Price Action Ascending Triangle pattern formation on the 1 Day time frame chart supports CADJPY Bullish bias. A break of 110.390 will support the rise towards the target of 112.445 the break of 112.445 would push the price to 113.815.

SUPPORT AND RESISTANCE LEVELS

Pivot Point 108.876
Support S1: 108.823, S2: 108.786 , S3: 108.733
Resistance R1: 108.913 , R2: 108.966 , R3: 109.003

Brokers

Open account

Summary

Instrument :

CADJPY

Direction :

Bullish

Pattern Name :

Ascending Triangle

Probability :

50%

Entry Level :

110.390

Activation Time :

2024-10-24 00:00

Age :

24 Bars

Progress :

55%

Close Time :

2024-11-26 00:00

Time Frame :

1 Day

Status :

Closed

CHART ANALYSIS

MORE SIGNALS

There are no signals right now

Ascending Triangle

An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trend line to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.