Dollar Kanada / Yen JepangPenjualan
CADJPY: Descending triangle
The Descending triangle is always considered a bearish signal.
As we can see, the Bollinger Bands shrunk now, which could be a signal for fluctuations in the near future. Also, this shrinking is just in the middle of the triangle, this could indicate that the price may break out earlier than we expect.
The MACD is still in a downward trend, and I cannot observe any reverse on the MACD.
The RSI is also going down from the overbought area.
Let’s expect the price to go down.
As we can see, the Bollinger Bands shrunk now, which could be a signal for fluctuations in the near future. Also, this shrinking is just in the middle of the triangle, this could indicate that the price may break out earlier than we expect.
The MACD is still in a downward trend, and I cannot observe any reverse on the MACD.
The RSI is also going down from the overbought area.
Let’s expect the price to go down.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.