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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.