CAD/JPY: descending trend and descending mid-term movement.
Increasingly low tops and deeper bottoms – negative moods are in charge.
Price below MA`, arranged in a bearish formation.
Correction to dynamic resistance levels, 25 periodic middle and new descending momentum.
CCI (50) below – descending momentum is in charge, CCI (14) passing below 0 – signalizing for new descending momentum in the direction of the trend after correction.
Breakthrough of double top and test of the breakthrough - negative formation.
Price action analysis: Three Black Crowers – with the potential to decrease.
Stefan D. Angelov – Head of Stocks Trading
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