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.
Transaction en cours
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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.