CAD/JPY: Our expectations: Downward movement is likely to continue after the price break below 81.07, stop 81.775
Alternative Scenario: Passing the price above 81.775 will break the negative formation.
Comment: Downward price movement, trend is short
Break below point 2, a negative signal of formation 1,2,3 and Ross's hook
Engulfing bar - negative signal
Indicators in Negative Territory : CCI(50) below 0
Data showed bigger oil reserves, which is fundamentally bad for CAD
Stefan D. Angelov - Head of Stocks Trading
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