CADJPY : Current Situation & Technical , Fundamental View
#CADJPY
- CADJPY is currently being BUY very well due to the current MARKET SENTIMENT. So CAD automatically went up. And as expected, a JPY WEAKNESS came in the last few weeks. This was because the Bank of Japan did not continue to intervene to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices.
- Currently, the price of OIL is rising very fast. Due to this reason, CAD was BUY very fast before. You can check it by going to CAD CHARTS.
But now with JPY WEAKNESS, CADJPY is becoming a bit BUY.
- Definitely CADJPY should be slightly DOWN until 106.599 LEVEL. After that, the possibility of moving to 110.068 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
- CADJPY is currently being BUY very well due to the current MARKET SENTIMENT. So CAD automatically went up. And as expected, a JPY WEAKNESS came in the last few weeks. This was because the Bank of Japan did not continue to intervene to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices.
- Currently, the price of OIL is rising very fast. Due to this reason, CAD was BUY very fast before. You can check it by going to CAD CHARTS.
But now with JPY WEAKNESS, CADJPY is becoming a bit BUY.
- Definitely CADJPY should be slightly DOWN until 106.599 LEVEL. After that, the possibility of moving to 110.068 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.