CADJPY recently reversed up from the support zone lying between the round support level 80.00 (monthly low from last October) and the lower daily Bollinger Band.
The upward reversal from this support zone started the active short-term corrective wave (B).
CADJPY is likely to rise further in the active correction (B) toward the next resistance level 81.00 – the breakout of which can lead to further gains toward 81.60 (former monthly low from January).
Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor…
• EURCHF rising inside impulse wave 3 • Likely to reach resistance level 0.9835 EURCHF…
• Goldman Sachs broke the key resistance level 430.00 • Likely to rise to resistance…
Zeekr, China's Tesla rival, recently had its IPO, and now you can trade it at…
Crude oil has been under pressure over the past four weeks but has been gaining…
Market picture Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion,…
This website uses cookies
