CADJPY - Bearish Bias
CAD - BEARISH
1️⃣ Oil prices sank more than 5% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand.
JPY - BULLISH
1️⃣ A string of renewed coronavirus restrictions in Europe boosted a safe-haven bid.
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Technical
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We are looking to sell the CADJPY at SBR + below SMA 50 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 Oil prices sank more than 5% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand.
JPY - BULLISH
1️⃣ A string of renewed coronavirus restrictions in Europe boosted a safe-haven bid.
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Technical
=====
We are looking to sell the CADJPY at SBR + below SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Transaction en cours
PENDING ORDER TRIGGEREDTrade fermée: ordre d’arrêt atteint
❌ TRADE HAS HIT STOP LOSS-30 PIPS
The Canadian dollar pushed higher amid rebound in oil prices supporting the currency with WTI surged above $59 per barrel.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.