– CADJPY broke resistance zone
– Likely to rise to resistance level 112.00
CADJPY recently broke the resistance zone between the resistance level 110.00 (which stopped the previous impulse wave 1) intersecting with the 50% Fibonacci correction of the downward correction from the start of July.
The breakout of this resistance zone accelerated the active short-term impulse wave 3 of the higher impulse wave (3) from the start of September.
Given the strongly bearish yen sentiment seen across the FX markets today, CADJPY can be expected to rise toward the next resistance level 112.00 (which stopped the previous correction B).
Market picture Polls and forecasts have yet to produce a clear frontrunner in the US…
Market Picture Bitcoin came within a hair's breadth of an all-time high on Tuesday night,…
- Gold broke resistance level 2750.00 - Likely to rise to resistance level 2800.00 Gold…
- GBPAUD broke resistance zone - Likely to rise to resistance level 2.0000 GBPAUD currency…
The Dollar Index stabilised in the 0.5% range for the fifth session, quietly finding its…
Market Picture The crypto market cap rose by 4.7% to $2.4 trillion in the last…
This website uses cookies