Forex Trading recommendation on CADJPY 27-04-2016 by AzaForex

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Canadian dollar is growing steadily against the Japanese Yen. Bullish sentiment in the forex market and bad news for the Japanese have done their job. Investors are optimistic and boldly open up long positions. The stock market is more active today.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Buy
•             The level of entry into long position: 88.50
•             The level of profit and close the position: 90.00 (150 pips)
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1248
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1330
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9700
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4640