Technical Analysis of Daily Price Movement of CAD/JPY Commodity Currency Pairs, Thursday, July 20 2023.
July 20, 2023 5:26 am
If we look on the daily chart of CAD/JPY commodity currency pairs, it seems stuck on its weekly Bullish Fair Value Gap which act pretty well as the current support level so, as long as there is no downward correction that passing below the level 102,13, CAD/JPY still has the potential to rally upside in a few days ahead to get the likuidity parked at the level 109,49, where it is confirmed by CCI which manages to breaks upside to the level -100,0, & 100 as well as the appearance of the hidden deviation between CCI indicator and its price movement.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look on the daily chart of CAD/JPY commodity currency pairs, it seems stuck on its weekly Bullish Fair Value Gap which act pretty well as the current support level so, as long as there is no downward correction that passing below the level 102,13, CAD/JPY still has the potential to rally upside in a few days ahead to get the likuidity parked at the level 109,49, where it is confirmed by CCI which manages to breaks upside to the level -100,0, & 100 as well as the appearance of the hidden deviation between CCI indicator and its price movement.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com