Hi
This is probably the most basic thing but i would to know what it means when the candlestick is bearish for the FX pairs CAD/JPY.
If the candlesticks are going down, does that mean the canadian dollar is weakening and the Yen is strengthening ?
Does the same principle apply to every other pairs? For USD/JPY, if the candlesticks are going up, it means that the USD is strengthening but the YEN is weakening?
Please help me to understand this
Thanks!
This is probably the most basic thing but i would to know what it means when the candlestick is bearish for the FX pairs CAD/JPY.
If the candlesticks are going down, does that mean the canadian dollar is weakening and the Yen is strengthening ?
Does the same principle apply to every other pairs? For USD/JPY, if the candlesticks are going up, it means that the USD is strengthening but the YEN is weakening?
Please help me to understand this
Thanks!