CAD/JPY to the Upside?
CAD/JPY went 3 corrective waves down (WXY) and retested the weekly trendline which you can see in yellow down below. Also, we can spot an inverse H&S pattern that was broken to the upside, and the price managed to retest the neckline with a bullish flag which is known to be a continuation pattern to the upside.
Our first target will be the 76.8% Fibonacci Extension at 88.76. Breaking it will push CAD/JPY towards the 100% Fibonacci Extension at 89.33. If also the price managed to break the 100% Fibonacci Extension, we may see it continuing its way up for a long-term target towards 91.000 which is the 161.8% Fibonacci Extension.
Our first target will be the 76.8% Fibonacci Extension at 88.76. Breaking it will push CAD/JPY towards the 100% Fibonacci Extension at 89.33. If also the price managed to break the 100% Fibonacci Extension, we may see it continuing its way up for a long-term target towards 91.000 which is the 161.8% Fibonacci Extension.
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.