CADJPY has reached a pretty decent structure level resistance A double top has formed along with MACD divergence On the fundamental side of things the oil numbers oversupply & weak oil prices should affect CAD Anticipating some kind of bearish confirmation as a close below the neckline (dotted line) and moving average
Komentar
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DId not get the confirmation I spoke about. Setup seems invalidated
CADJPY been stubborn and holding, i think there was some good news for CAD yesterday and today some slightly less expected ones but it's holding quite well. if it holds like that it might hike up more on friday with the dollar.
nice chart btw :)
NickofJupiter
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Thanks! Looks like price is squeezing on this wedge
flashsolver
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yeah, I had same wedge on my chart, but on a larger picture i see it broke out from good resistance
nice chart btw :)