Category: Technical Analysis

CADJPY: Downwards uplifting the Yen Sellers Zone.

With the 82.40-55 resistance-region aptly restricting CADJPY’s upside, the pair is likely declining towards 80.65-55 support-zone, breaking which 80.00 may get market attention. If prices continue to trade southwards past 80.00, the 79.60, 79.00 and 78.20 can entertain Bears with a mark of 77.15 before they please them. Meanwhile, an upside clearance of 82.55 could help the pair to aim...

EURCAD: Bigger, Solid Profitable trade.

After a daily closure, EURCAD sellers can aim to conquer the 1.5140 and the 1.5105-1.5100. However, the downside of pairs below 1,5100 could find it difficult to break the 11-week ascending support line at 1,5020 adjacent to 1,5000 psychological magnets. Assuming that the Bears refrain from complying with the 1.5000 mark, the 1.4950 mark, the 1.4840 mark and the 1.4795 mark could offer intermediate stops to the...