CADJPY on the verge of break a bullish channel
I am positioning to buy CADJPY because of
> Potential bullishness in Oil price which is a plus for CAD
> Global improvement in containing COVID-19 which implies more economies will be opened and investors will start to dump safe haven like JPY.
I am not ruling out the weak legdown due to Hongkong Riots and Minneapolis Riots which will likely worry investors and improve price of safe havens (JPY and Gold). I think they will be for a short time and will provide opportunity to buy at the bottom.
> Potential bullishness in Oil price which is a plus for CAD
> Global improvement in containing COVID-19 which implies more economies will be opened and investors will start to dump safe haven like JPY.
I am not ruling out the weak legdown due to Hongkong Riots and Minneapolis Riots which will likely worry investors and improve price of safe havens (JPY and Gold). I think they will be for a short time and will provide opportunity to buy at the bottom.
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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.