• CADJPY broke support zone
• Likely to fall to support level 85.40
CADJPY currency pair previously broke the support zone lying between the support level 86.65 (low of the previous correction (a)) and the 61.8% Fibonacci correction of the upward impusle (1) from July.
The breakout of this support zone accelerated the C-wave of the active intermediate ABC correction (2) from the start of August.
CADJPY currency pair can be expected to fall further toward the next support level 85.40 (monthly low from April and July and the target for the completion of wave C).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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…
This website uses cookies
