WisdomTrader_MS
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since Jan 17, 2022
chartpattern
headandshoulders
indicator
trendanalysis
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Technical Analysis: CAD/JPY has surged to a resistance level around 107.75, which previously acted as a significant barrier. The pair is exhibiting signs of overbought conditions, and a pullback towards 105.50 is plausible.  • Fundamental Factors: The Bank of Japan (BOJ) is expected to announce a rate hike soon, with markets already pricing in two 25bps...
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CAD/CHF broke above a short-term resistance at 0.5939, showing signs of a bullish reversal. RSI and MACD on the 4H chart are turning bullish. Crude oil prices are slightly stabilizing, offering temporary support to CAD. CHF is relatively weak across pairs today, supporting a CAD/CHF move higher.
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