CADJPY Hourly chart shows CADJPY hitting its top in an uptrend on June 20 then reversing to a downtrend to hit lower lows and lower highs. Bears broke strong support @ 81.329 / testing downtrend support. The supports show bears worked hard to break strong line at 81.329. Therefore bears will take it further down. RSI shows it's still in the average range but on the low side @ 35.01 solidifying downtrend theory.MACD also supports the theory as selling crossed soon after sell-off after high on June 21.
-LNP Investments.
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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.