– CADJPY reversed from support level 107.50
– Likely to rise to resistance level 109.00
CADJPY currency pair recently reversed up from the key support level 107.50 (which has been repeatedly reversing the pair from the start of September) strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from July.
The upward reversal from the support level 107.50 stopped the previous short-term correction 2 and is likely to form the daily Hammer today.
Given the strength of the support level 107.50, CADJPY currency pair can be expected to rise to the next resistance level 109.00.
Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…
EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…
The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…
Today is Monday, the 12th of January, and once again we will talk about the…
Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
This website uses cookies