• Potential Deep Slide In CADJPY

    Potential Deep Slide In CADJPY

    Bearish sentiment in the global financial markets led many investors to the relative safety of the of the Japanese yen in the last couple weeks. As you can see from the weekly chart of the CADJPY, the currency pair is now tip-toeing its major support around the 92.00 zone. Over the last several months, the

  • Waiting For The CADJPY Break

    Waiting For The CADJPY Break

    The Japanese yen has depreciated a lot as of late against most of the other majors like the USD, EUR, GBP, and CHF. Against the Canadian dollar, the yen has so far been holding its ground. As you can see from its daily chart, the CADJPY pair has just been merely trading sideways within a

  • Short Opportunity On Loonie-Yen Pair?

    Short Opportunity On Loonie-Yen Pair?

    August 28, 2013 (8:30 pm) – The CADJPY pair has rallied after it has fallen to a low of 92.27. However, the pair might see a resistance at its previous support at around 93.25. A presence of a hidden bearish divergence where the price marks lower highs while its stochastics draw higher highs plus an