CADJPY Will Move Higher! Long!

Apr 21

Here is our detailed technical review for CADJPY.

Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 112.406.

Taking into consideration the structure & trend analysis, I believe that the market will reach 112.972 level soon.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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Apr 22

Note

Great beginning for a trade, let’s hope it goes further!