USDCAD looking bearish for a short period of time. Based on confluence and the market structure formation (lower highs and lower lows), USD/CAD may have a potential sell opportunity before swinging back up on the bullish side.
Based on price action and previous confluence, UJ was at a bullish run last week. This week, price is looking bearish. On the higher timeframes, however, UJ could still run bullish until structure is broken and/or bearish price action indicates a reversal.
Current market trend is pointing up, according to a recent break in the resistance level (resistance now turned support). According to the markups, we are looking at a potential strong uptrend on CADJPY.