Mon 5th December 2022

Today, Our Daily Currency Strength Weakness Video will focus on:

  • CADJPY
  • AUDJPY
  • NZDUSD
  • NZDCAD

Charts Provided by Charles Clifton

Daily Analysis By Jon Kibbler

CADJPY- Is JPY Still The One To Watch?

In today’s currency strength video we have identified multiple pairs of interest from the currency strength indicator tables.

The JPY remains a currency of interest as it shows up as S2 on both tables. The NZD remains S1 and the USD remains W1 on both tables. CAD is W2 on the tables showing further signs of weakness. 

In this video we look the JPY opportunities as well as the NZD potential exhaustion. 

CADJPY is still one to watch for us as the price continues to trade lower offer opportunities to traders short. 

Technical Observations

  • The CAD is W2 on both tables and JPY is S2 on both. 
  • CADJPY has traded through multiple support levels including the Daily 200 MA and 102.00 Key Support.
  • The next level of support is 99.00 which price could head towards on the move lower. 
  • For trend traders the price needs to move back to the resistance of 102.00 for short opportunities. 

Stay up to date LIVE 27/4 Trading Calendar HERE