Bulls kept feeding on this horizontal daily level since June. The level seem to be depleted of buying liquidity. Bulls will have to seek liquidity lower and lower. Yen is very strong but oil and oil-cad are doomed for a drop due to a lesser demand bcs of lockdowns. Good sell opportunity.
Top Absolute Correlation 1 Day
1 CADJPY - EURJPY 92.9%
2 CADJPY - CHFJPY 90.3%
3 CADJPY - SEKJPY 89.4%
4 CADJPY - NOKJPY 88.8%
5 CADJPY - SGDJPY 88.3%
Top Absolute Correlation 1 Day
1 CADJPY - EURJPY 92.9%
2 CADJPY - CHFJPY 90.3%
3 CADJPY - SEKJPY 89.4%
4 CADJPY - NOKJPY 88.8%
5 CADJPY - SGDJPY 88.3%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.