CADJPY : Current Situation & Technical , Fundamental View
#CADJPY
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that.
- Currently, the price of OIL is rising very fast. For this reason, CAD should be a BUY in the future.
- Definitely CADJPY should be slightly UP until 105.896 LEVEL. Before that, there is definitely a very high possibility to sell to 98.031 LEVEL. The reason for that is because even now OIL PRICES are going up a bit.
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that.
- Currently, the price of OIL is rising very fast. For this reason, CAD should be a BUY in the future.
- Definitely CADJPY should be slightly UP until 105.896 LEVEL. Before that, there is definitely a very high possibility to sell to 98.031 LEVEL. The reason for that is because even now OIL PRICES are going up a bit.