The outlook for CADJPY is bullish. Price is forming an ascending triangle and is currently trading near resistance.
There are three possible outcomes for CADJPY:
Price breakout to the upside. This is the most likely scenario, as the price is forming an ascending triangle and is currently trading near resistance.
Price bounces off of support and continues to trade within the triangle. This is also a possible scenario, as the price has a history of bouncing off of support in the past.
Price breakout to the downside and then rebounds. This is the least likely scenario.
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.