Get started

Cadjpyanalysis

CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. The reason for that is because the Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 103.110 LEVEL. Before that, there is definitely a very high possibility to sell to the 96.68 LEVEL. So FOLLOW STRUCTURES.
by benny_marshall
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. The reason for that is because the Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 103.110 LEVEL. Before that, there is a very high possibility of selling to the 94.00 level. So FOLLOW STRUCTURES.
by benny_marshall
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that. - The price of OIL is going down very fast. For this reason, CAD will be slightly SELL. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 105.89 LEVEL. Before that, there is a very high possibility of selling to the 97.50 level. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall