CADJPY: Likely to bounce back
The two candles are very eye-catching. They are showing us a signal, which is that the downward trend could end soon.
The downward trend has been lasting for a while. The pressure from sellers was strong, which allowed the price to go down so much.
So, could the support point here pull the price up?
I would say: yes.
The MACD is about the cross in the near future.
The RSI is just recovered from the oversold point.
Let’s expect the price to go up
The downward trend has been lasting for a while. The pressure from sellers was strong, which allowed the price to go down so much.
So, could the support point here pull the price up?
I would say: yes.
The MACD is about the cross in the near future.
The RSI is just recovered from the oversold point.
Let’s expect the price to go up
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.