CADJPY recently reversed down from the resistance area lying between the resistance level 82,50 (which has been reversing the price from the middle of November), upper daily Bollinger Band and the 61,8% Fibonacci correction of the previous sharp downward ABC correction (ii) from October.
The downward reversal from this resistance area stopped the earlier impulse waves (iii) and 3.
CADJPY is expected to fall further toward the next support level 81.60 (low of the previous waves (ii) and ii).
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies
