CADJPY recently reversed up from the support area lying between the support level 75,00 (low of the previous wave A) and the lower daily Bollinger Band.
The upward reversal from this support area is likely to form the daily candlesticks reversal pattern Bullish Engulfing.
CADJPY is expected to rise further toward the next resistance level 77.00 (top of the previous wave B).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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