As of January 11, 2023, the current rate of CAD/JPY was 98.82
The currency pair has been in an upward trend over the past year.
This currency pair has shown an upward trend. Something I think will continue in 2023 based on the technical analysis I have done.
My target for this currency pair by January 2024 is 123.46
Trading in bullish markets is easier than in...
EUR/CAD has been bearish this year till we saw a bullish
turn in price September this year.
Momentum has been strong and we are likely to see correction in price
to the downside considering where price is currently sitting.
USD/CAD has been in a downtrend for a month now and we are likely to see a continuation till psychological level 1.3200
an upward continuation is likely if we see a break above level X which is a very valid level of resistance and previous support.
usdcad is currently in a distribution phase with what looks
like a head and shoulder formation
A neat break below structure with price action confirmation will signal a downtrend
