CADJPY - Bullish Bias
CAD - Strong Bullish
1️⃣ CAD has been supported by rising crude oil prices.
2️⃣ The Bank of Canada has been one of the first developed country banks to announce a tapering in its QE program as the bank adapts to improving domestic economic conditions.
3️⃣ Canadian IVEY PMI and employment data will be released later this week and expected to increase higher.
JPY - Strong Bearish
1️⃣ JPY pressured as market sentiment turned risk-on following positive US jobs data.
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Technical
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We are buying the CADJPY around support + above SMA 50 + at the pivot point on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ CAD has been supported by rising crude oil prices.
2️⃣ The Bank of Canada has been one of the first developed country banks to announce a tapering in its QE program as the bank adapts to improving domestic economic conditions.
3️⃣ Canadian IVEY PMI and employment data will be released later this week and expected to increase higher.
JPY - Strong Bearish
1️⃣ JPY pressured as market sentiment turned risk-on following positive US jobs data.
=====
Technical
=====
We are buying the CADJPY around support + above SMA 50 + at the pivot point on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade attivo
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.