CADJPY rejected with strong bearish movement after reaching supply zone at level 84.55
Price retested broken corrective uptrendline
Pair is below SMA 100 on H1 frame
Price is below HVN at level 83.24 which indicates that pair is in distribution phase
MACD shows weakness in bullish momentum
It's expected to target demand zone at level 81.56 as a classic target of broken uptrendline
Price retested broken corrective uptrendline
Pair is below SMA 100 on H1 frame
Price is below HVN at level 83.24 which indicates that pair is in distribution phase
MACD shows weakness in bullish momentum
It's expected to target demand zone at level 81.56 as a classic target of broken uptrendline
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.
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.