Watch this Cross

Good Morning Dynamic Traders!

The CADJPY cross witnessed a colossal fall off in October followed by a period of consolidation.

The daily chart below reveals that price is currently at a fib level supporting a sustained descent, but it is equally important to note that a strong resistance has been breached with another within reach.



CADJPY daily chart Advanced Get

Below is the 60 minute chart.

Price is cheerfully up- trending; parading higher highs and higher lows, but our faithful macD is alerting us to an impending reversal.

Supplementary analysis should furnish you with further confirmation for a promising “swing” opportunity on the horizon.


CADJPY 60 minute chart Advanced Get

Enjoy an eventful day!

Saba Jackson