• CADJPY reversed from support area
• Likely to rise to 79.40
CADJPY recently reversed up from the support zone located between themulti-month support level 78.00 (former resistance from August, which has been reversing the price from June), lower daily Bollinger Band and the 50% Fibonacci correction of the ABC correction (2) from March.
The upward reversal from this support zone is likely to create the daily Japanese candlesticks reversal pattern Hammer Doji.
CADJPY is likely to rise further toward the next resistance level 79.40 (former support from the middle of October).
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