Daily technical analysis of USD/CAD By INSTAFOREX

Live Forex Chart

Currency
Rates
EUR / USD
1.07971
USD / JPY
110.678
GBP / USD
1.29824
USD / CHF
0.98346
USD / CAD
1.32203
EUR / JPY
119.500
AUD / USD
0.66801

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Zafril

Active Member
Joined
Oct 6, 2016
Messages
1,191
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Points
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Recently, USD/JPY has been trading downwards. The price tested the level of 1.3220. According to the H1 time - frame, I found a broken support trendline in the background which is a sign that sellers are in control. I also found a hidden bearish divergence in the background which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3130 and at the price of 1.3020.

Trading recommendations for today: watch for potential selling opportunities.
usd/jpy pair favourite ni :)cgrock
 
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