Candlestick pattern- Bearish engulfing candlestick
CADJPY has halted its 4-weeks of bullishness and shown a minor decline. The pair was trading extremely higher and jumped more than 250 pips on the strong Canadian dollar. It was one the best performer in the previous month especially against USD, gained more than 2%.
The WTI crude oil price is trading higher and jumped more than $1 after better than expected US API crude inventory data. It shows a strong build-up 4.26 million barrels for the week compared to a forecast of 1.515 million barrels.
Technically, major support is around 81.75 (23.6% fib), any violation below will drag the pair to the next level 81/79.80.
The near-term resistance is around 83.55 high made on Oct 28th, 2019, breaks over targets 83.97 (200-W MA). Major trend reversal can be seen only if pair closes above 83.97, a jump till 85/85.20 likely.
It is good to sell on rallies around 82.95-83 with SL around 83.55 for the TP of 81.80/81.


FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in range but outlook is bullish
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro- Major Pair levels and bias summary 



