CADJPY : Current Situation & Technical , Fundamental View
- The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY BUY NOT BE WITHOUT VIX DOWNING THE JAPANESE YEN is also slightly down. For these reasons, the CADJPY price may rise further. Today is the day of the CAD CENTRAL BANK DECISION. So you definitely have to pay attention to it.
- CAD FEATURE currently stands at 0.7902 LEVEL. Also the JPY FEATURE stays at 0.0077 LEVEL. The CADJPY PRICE is located above the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be down after a RETRACEMENT SHORT TERM.
- STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status has been weighed down. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD.
- The CADJPY PRICE can be UP to the RESISTANCE AREA above before the SHORT TERM DOWN. That is 104.183 LEVEL can be UP. If the MARKET SENTIMENT does not continue to function or the MARKET RISK is OFF then the PRICE can be DOWN to CADJPY 97.84 LEVELS.
- CAD FEATURE currently stands at 0.7902 LEVEL. Also the JPY FEATURE stays at 0.0077 LEVEL. The CADJPY PRICE is located above the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be down after a RETRACEMENT SHORT TERM.
- STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status has been weighed down. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD.
- The CADJPY PRICE can be UP to the RESISTANCE AREA above before the SHORT TERM DOWN. That is 104.183 LEVEL can be UP. If the MARKET SENTIMENT does not continue to function or the MARKET RISK is OFF then the PRICE can be DOWN to CADJPY 97.84 LEVELS.