Categories: Technical analysis

CADJPY Wave Analysis – 7 June, 2021

• CADJPY reversed from resistance zone

• Likely to fall to resistance support level 90.00

CADJPY currency pair recently reversed down from the resistance zone lying between the pivotal resistance level 91.10 (which has been reversing the price from the end of May) and the upper daily Bollinger Band.

The downward reversal from this resistance zone created the daily candlesticks reversal pattern Evening Star.

CADJPY can then be expected to fall further toward the next round support level 90.00 (former minor support from the end of May and the target for the completion of the active correction 4).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Bitcoin Cash Wave Analysis – 12 January 2026

Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…

5 hours ago

EURJPY Wave Analysis – 12 January 2026

EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…

5 hours ago

Gold shines on an anti-fiat thesis

The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…

15 hours ago

SP500 Current situation #trading #tradelikeapro #sp500 #tradingshorts #tradingstrategy

Today is Monday, the 12th of January, and once again we will talk about the…

16 hours ago

Crypto: sell-the-growth continues

Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…

17 hours ago

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

3 days ago

This website uses cookies