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CADJPY SHORT

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FX:CADJPY   加元 / 日圓
Possible downward movement of the pair. The price is currently in the zone of control of negotiations with important volume, taking into account rejections of this by the upper part. We see changes in directionality in the Squeeze Momentum and in the MACD histogram, accompanied by weakness in the ADX, given by the loss of strength in the previous bullish movement, and possible short signals to sell in the MACD. Likewise, the RSI is in the high zone with possible bearish divergence in formation. In 1 hour timeframes we could see sell signals as well. I think it could reach a lower zone with significant trade volume, or perhaps range above the 55 EMA.

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