CADJPY Buy Analysis
CADJPY is moving in an Ascending channel by forming higher highs and higher lows.
CADJPY Starts to bounce back from the bottom (higher low zone) with more buyers pressure.
After the confirmation of reversal and upward movement, CADJPY Buy signal is given.
CADJPY has reached the take profit target successfully.
Canadian dollar surges more as US oil prices higher as supply cuts extension for another 3 months by OPEC+ nations.
US Senate seat won by the democratic party also the main reason for US dollar declines down and US government borrowing 10-year yield bond prices higher. This in turns more risk for a dollar under selling pressure continues.
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