• CADJPY under bearish pressure
• Likely to fall to support level 102.65
CADJPY under the bearish pressure after recently breaking the key support level 104.50 (which has been reversing the price from September), intersecting with the 50% Fibonacci correction of the upward impulse from May.
The breakout support level 104.50 accelerated the active impulse wave (iii), which belongs to wave C from last month.
CADJPY can be expected to fall further toward the next support level 102.65 (target for the completion of the active impulse wave (iii)).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies