Tuesday, 6 July 2021

CADJPY Currency Analysis (Tuesday of Week: 27 of 2021)

 

CAD/JPY 

Type: Currency | Group: Minor | Base: Canadian Dollar | Second: Japanese Yen

CADJPY Market Sentiment: Bearish (≈ 60%)

Our BiasBearish
(But temporarily BULLISH to the area where the arrow is pointing to in the image above)

ReasonWeekly Overbought Condition supported by a heavy breakdown in price with series of bearish patterns formed across lower timeframes.



Writer: Nature
Editor (s): Nature & Awe Olufunso
Publisher: Awe Olufunso

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