CADJPY : Current Situation & Technical , Fundamental View
- The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CAPJPY BUY NOT BE WITHOUT VIX DOWN BY THE JAPANY YEN is also slightly up UP at the moment. For these reasons, the CADJPY price may fall further.
- CAD FEATURE is currently at 0.7821 LEVEL. Also the JPY FEATURE stays at 0.00778 LEVEL. The CADJPY PRICE is located below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be down after a RETRACEMENT SHORT TERM.
- STOCKS are currently DOWN. And VIX is becoming UP. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are going down. Also BONDS SPREADS are becoming UP. By now the MARKET RISK is OFF. So definitely create a DOWN TREND for AUD CAD NZD and a UP TREND for JPY CHF USD.
- The CADJPY PRICE can be UP to the RESISTANCE AREA above before the SHORT TERM DOWN. That is 102.43 LEVEL can be UP. After that, if this MARKET SENTIMENT continues to operate, the PRICE can be down to CADJPY 97.84 LEVELS. There is not much important news for Japanese YEN and CAD today but most of the CADJPY MARKET SENTIMENT is FOLLOWED. According to the MARKET SENTIMENT, the CADJPY price may move slightly lower. Stay tuned for VIX and OIL PRICES.
- CAD FEATURE is currently at 0.7821 LEVEL. Also the JPY FEATURE stays at 0.00778 LEVEL. The CADJPY PRICE is located below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be down after a RETRACEMENT SHORT TERM.
- STOCKS are currently DOWN. And VIX is becoming UP. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are going down. Also BONDS SPREADS are becoming UP. By now the MARKET RISK is OFF. So definitely create a DOWN TREND for AUD CAD NZD and a UP TREND for JPY CHF USD.
- The CADJPY PRICE can be UP to the RESISTANCE AREA above before the SHORT TERM DOWN. That is 102.43 LEVEL can be UP. After that, if this MARKET SENTIMENT continues to operate, the PRICE can be down to CADJPY 97.84 LEVELS. There is not much important news for Japanese YEN and CAD today but most of the CADJPY MARKET SENTIMENT is FOLLOWED. According to the MARKET SENTIMENT, the CADJPY price may move slightly lower. Stay tuned for VIX and OIL PRICES.