CADJPY
The CADJPY currency pair has been forming successively higher bottoms and higher tops since 29th December 2019 when it registered the low price of 82.198 on H1 chart. As demand is greater than supply, the sentiment has turned to positive while the buying pressure overcomes the selling pressure. The bulls will control the period because of the swing formation of higher lows and higher highs. The CADJPY currency pair is following an upward direction. According to the upward direction of higher bottoms and higher tops, the CADJPY currency pair will create another higher top after crossing the price 82.519.
The first Fibonacci price target is estimated at 82.658 (161.8%). The second Fibonacci price target is estimated at 82.882 (261.8%). The escaping of Fibonacci price is estimated at price 82.294 (0.0%).
The first Fibonacci price target is estimated at 82.658 (161.8%). The second Fibonacci price target is estimated at 82.882 (261.8%). The escaping of Fibonacci price is estimated at price 82.294 (0.0%).
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Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.