Technical Analysis – CADJPY captured in a downward channel, stalls at 200-day MA

CADJPY although in a downward channel looks undecided resting on the 200-day simple moving average (SMA). Directional momentum has disappeared as reflected in the short-term oscillators with the MACD and RSI flat at their neutral marks. Further backing this picture and implying that the pair may adopt a short-term side move are the SMAs, which […]