{"id":13611,"date":"2023-05-03T10:47:55","date_gmt":"2023-05-03T10:47:55","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13611"},"modified":"2023-05-22T10:50:03","modified_gmt":"2023-05-22T10:50:03","slug":"cadjpy-rejected-on-the-1d-ma200-is-this-a-trend-change","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/05\/03\/cadjpy-rejected-on-the-1d-ma200-is-this-a-trend-change\/","title":{"rendered":"CADJPY Rejected on the 1D MA200. Is this a trend change?"},"content":{"rendered":"<p>The CADJPY pair got a rejected yesterday near the 1D MA200 (orange trend-line), which hasn&#8217;t been touched since November 30 2022. Since the March 24 Low the price has been trading within a Channel Up but the long term pattern is a Megaphone and yesterday&#8217;s rejection took place on its top (Higher Highs trend-line).<\/p>\n<p>With the 1D MACD about to make a Bearish Cross, this is a Triple Sell signal on the long-term. As long however as the 1D MA50 (blue trend-line) and the Channel Up hold, we can buy and target short-term the 1D MA200 at 101.500. If however we close a 1D candle below the Channel Down, the Sell Signal will be confirmed and we will target 95.200 (above the Support Zone) and 93.500 (Megaphone&#8217;s bottom) in succession.<\/p>\n<p>P.S. It&#8217;s been almost 4 months since we called for a bullish divergence on CADJPY:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"CADJPY 1D Death Cross but bullish divergence short-term\" href=\"https:\/\/www.tradingview.com\/chart\/CADJPY\/amBV04Ng-CADJPY-1D-Death-Cross-but-bullish-divergence-short-term\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/a\/amBV04Ng_big.png\" alt=\"CADJPY 1D Death Cross but bullish divergence short-term\" \/><\/a><\/div>\n<div>Tradingview link:<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.tradingview.com\/chart\/CADJPY\/VUseP8m7-CADJPY-Rejected-on-the-1D-MA200-Is-this-a-trend-change\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/CADJPY\/VUseP8m7-CADJPY-Rejected-on-the-1D-MA200-Is-this-a-trend-change<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The CADJPY pair got a rejected yesterday near the 1D MA200 (orange trend-line), which hasn&#8217;t been touched since November 30 2022. Since the March 24 Low the price has been trading within a Channel Up but the long term pattern is a Megaphone and yesterday&#8217;s rejection took place on its top (Higher Highs trend-line). With<\/p>\n","protected":false},"author":611,"featured_media":13612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13611"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13611\/revisions"}],"predecessor-version":[{"id":13614,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13611\/revisions\/13614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13612"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}