CADJPY Chart Breakdown

CADJPY, Monthly

Price hovering on the edge of the monthly triangle. This area is also strong support but for now, my bias is bearish.

CADJPY, Weekly


I really like how the bearish trendline from the monthly timeframe above meets perfectly with the weekly bearish trendline. I’m still bearish and although there could be a pullback I would need to see a break of my weekly trendline before I think about bullish moves.


So we can see the strength of the fall. We see a huge gap down after which the gap was closed with a pullback.


Looking closer at the bearish move we see price has started to show some bullish movement. Let’s see which break we will get.

  1. Long time supporter, and thought I’d drop a comment.

    Your wordpress site is very sleek – hope you don’t mind me asking what theme you’re using?
    (and don’t mind if I steal it? :P)

    I just launched my site –also built in wordpress like yours– but the theme slows (!) the site down quite a

    In case you have a minute, you can find it by searching for “royal cbd” on Google (would appreciate any feedback) – it’s still in the

    Keep up the good work– and hope you all take care of yourself during the coronavirus scare!

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