CADJPY Technical Analysis – Daily Timeframe
The CADJPY pair moved in an uptrend from 101.46 to around 105.90.
On August 15, the pair broke its ascending trendline, and on August 18 it retested the broken line before starting its bearish move.
⬇️ Currently, price is trading near 106.70, just above the 0.382 Fibonacci retracement at 106.00. With continued bearish pressure, further downside targets are expected at:
0.50 Fib around 105.15
0.61 Fib around 104.25
📌 Conclusion:
The short-term outlook remains bearish as long as CADJPY trades below the broken trendline, with deeper Fibonacci retracements likely to be tested.
#CADJPY #Forex #Trading #TechnicalAnalysis #PriceAction #Fibonacci #Trendline #ChartAnalysis #FX
The CADJPY pair moved in an uptrend from 101.46 to around 105.90.
On August 15, the pair broke its ascending trendline, and on August 18 it retested the broken line before starting its bearish move.
⬇️ Currently, price is trading near 106.70, just above the 0.382 Fibonacci retracement at 106.00. With continued bearish pressure, further downside targets are expected at:
0.50 Fib around 105.15
0.61 Fib around 104.25
📌 Conclusion:
The short-term outlook remains bearish as long as CADJPY trades below the broken trendline, with deeper Fibonacci retracements likely to be tested.
#CADJPY #Forex #Trading #TechnicalAnalysis #PriceAction #Fibonacci #Trendline #ChartAnalysis #FX
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.