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
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
Note
DId not get the confirmation I spoke about. Setup seems invalidated
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.