CADJPY : Current Situation & Technical , Fundamental View
#CADJPY
- At this point, CADJPY is selling very well due to the current MARKET SENTIMENT. So CAD automatically went down. And unexpectedly, a JPY STRONG came in the last few days. This was because the Bank of Japan intervened to strengthen the JPY. In the meantime, CAD has become very weak in the last few days because the price of OIL has gone down.
- But after that the price of OIL went down very fast. Due to this reason CAD was sold very fast before. You can check it by going to CAD CHARTS.
But now with JPY WEAKNESS, CADJPY is getting a bit SELL.
- Currently, the MARKET is slightly RISK OFF, JPY is going UP, therefore, CADJPY is being SELL.
- Definitely CADJPY should be slightly DOWN until 104.60 LEVEL. After that, the possibility of moving to 110.06 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
- At this point, CADJPY is selling very well due to the current MARKET SENTIMENT. So CAD automatically went down. And unexpectedly, a JPY STRONG came in the last few days. This was because the Bank of Japan intervened to strengthen the JPY. In the meantime, CAD has become very weak in the last few days because the price of OIL has gone down.
- But after that the price of OIL went down very fast. Due to this reason CAD was sold very fast before. You can check it by going to CAD CHARTS.
But now with JPY WEAKNESS, CADJPY is getting a bit SELL.
- Currently, the MARKET is slightly RISK OFF, JPY is going UP, therefore, CADJPY is being SELL.
- Definitely CADJPY should be slightly DOWN until 104.60 LEVEL. After that, the possibility of moving to 110.06 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.