There is a selling opportunity in the currency pair. The Pair is trading near its all time high and some 

retracement move can be seen in the pair, we will trade the retracement move, we expect the move to hold till 87.10.

A shooting star was formed at the top and recently the pair has closed below the star which is a good sign for seling.

The RSI was trading in an upper zone till the time the pair was trading high, recently the RSI has breakout from the upper zone and is trading below the zone which suggest that the breakout is on the downside.

The MACD crossover at Top is another confirmation for selling the pair.

The ICHIMOKU conversion line and base line is showing negativity which is supporting our analysis.

CAD/JPY

Nov 06 2021