There are two forks in play. Which one is in control?
Some clues point to the bullish one (eg. the extent by which price reached the corresponding median lines), but for me - the jury is still out, which way to go.
The CAD is showing first signs of being oversold and potentialy ready-to-rise, but remains the weakest currency among the majors. The JPY, quite the opposite, looks overbought and about to start to decline in its momentum cycle, while still being stronger than the CAD.
Some clues point to the bullish one (eg. the extent by which price reached the corresponding median lines), but for me - the jury is still out, which way to go.
The CAD is showing first signs of being oversold and potentialy ready-to-rise, but remains the weakest currency among the majors. The JPY, quite the opposite, looks overbought and about to start to decline in its momentum cycle, while still being stronger than the CAD.