CADJPY : Current Situation & Technical , Fundamental View
#CADJPY
- By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. Also, in the last few days, JPY WEAKNESS came unexpectedly. They are the FUNDAMENTAL event.
- But after that the price of OIL rose very fast. Due to this reason CAD became STRONG very fast before. You can check it by going to CAD CHARTS.
But now with JPY WEAKNESS, CADJPY is getting BUY very fast.
- Right now the MARKET is getting somewhat RISK ON, JPY is going down, so CADJPY is getting BUY.
- Definitely CADJPY should be slightly DOWN until 107.621 LEVEL. After that, the possibility of moving to 112.862 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 103.955 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT.
- By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. Also, in the last few days, JPY WEAKNESS came unexpectedly. They are the FUNDAMENTAL event.
- But after that the price of OIL rose very fast. Due to this reason CAD became STRONG very fast before. You can check it by going to CAD CHARTS.
But now with JPY WEAKNESS, CADJPY is getting BUY very fast.
- Right now the MARKET is getting somewhat RISK ON, JPY is going down, so CADJPY is getting BUY.
- Definitely CADJPY should be slightly DOWN until 107.621 LEVEL. After that, the possibility of moving to 112.862 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 103.955 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT.