TradingView
FXCM
Apr 16, 2021 8:37 AM

CADJPY facing bearish pressure | 16th Apr 2021 Short

Canadian Dollar/Japanese YenFXCM

Description

Prices are facing bearish pressure from horizontal swing high resistance, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push down towards horizontal swing low support, in line with 78.6% Fibonacci extension. If prices push higher, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Stochastics is also facing resistance from 92.82 level, potential for pullback, in line with our analysis.
Comments
adeelt07
Hi. This is ADEEL. This analysis is simple and amazing... easy to understand. thank you.
FXCM
More