• CADJPY broke resistance area
• Likely to rise to 81.65
CADJPY today broke sharply above the resistance area located between the resistance level 80.50 (which reversed the price twice in October) and the 61.8 % Fibonacci correction of the previous downward impulse from August.
The breakout of this resistance area accelerated the (c)-wave of the active minor ABC correction (ii) from the end of October.
CADJPY is likely to rise further toward the next resistance level 81.65 (top of the previous waves (2) and 2 and the target for the completion of the active ABC correction (ii)).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies