Hello Guys,
Analyzing the CadJpy weekly chart, cycles are clearly visible. As we know, in order to detect cycles, "Lows" are always more useful than "Highs".
Last "Low" was marked at the end of August 2019, which allows us to project the new "Low" between March and April 2020.
In fact, on average, the cross seems to hit a new "low" between the 8th and 9th month of the weekly cycle. Given the above mentioned cyclicity,
we should then expect to see the Loonie tumbling down further against Japanese Yen.
My target is something around in between 75 -77. I would not surprised to see an even lower target.
Thank you,
Simone
PS. Contact me in case you want to be part of my new Financial Trading Academy
Analyzing the CadJpy weekly chart, cycles are clearly visible. As we know, in order to detect cycles, "Lows" are always more useful than "Highs".
Last "Low" was marked at the end of August 2019, which allows us to project the new "Low" between March and April 2020.
In fact, on average, the cross seems to hit a new "low" between the 8th and 9th month of the weekly cycle. Given the above mentioned cyclicity,
we should then expect to see the Loonie tumbling down further against Japanese Yen.
My target is something around in between 75 -77. I would not surprised to see an even lower target.
Thank you,
Simone
PS. Contact me in case you want to be part of my new Financial Trading Academy