CADJPY - Breakout or Exhaustion
CADJPY is exhibiting a loss of momentum as exhibited by a divergence on the MACD indicator.
The market is factoring in expectations prior to both currencies news releases next week so there is a high possibility of a large move if news is contra these expectations.
CAD is also making new 15 year highs against the Yen with Japan's economy unexpectantly slipping into recession so set short duration short targets in the case of pullbacks as there is a possibility of getting trapped in a bullish breakout.
The market is factoring in expectations prior to both currencies news releases next week so there is a high possibility of a large move if news is contra these expectations.
CAD is also making new 15 year highs against the Yen with Japan's economy unexpectantly slipping into recession so set short duration short targets in the case of pullbacks as there is a possibility of getting trapped in a bullish breakout.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.