Get started

Cadjpylong

CADJPY - Bullish BiasCAD - BULLISH 1️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled. 2️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record. 3️⃣ Rallied in oil prices boosted the CAD. JPY - BEARISH 1️⃣ Japanese Prime Minister Yoshihide Suga is set to declare a state of emergency in the Tokyo area on Thursday evening as Japan's daily coronavirus infections hit a record 6,004 cases Wednesday. 2️⃣ The positive risk tone could pressure the safe-haven JPY. ===== Technical ===== We are looking to buy the CADJPY on the support of 81.200 + above SMA 50 on the H1 chart.
Long
by MonsunAsia
CADJPY - Bullish BiasCAD - BULLISH 1️⃣ Bullish sentiment across global markets prompted investors to buy riskier assets. 2️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled. 3️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record. 4️⃣ Rallied in oil prices boosted the CAD. JPY - BEARISH 1️⃣ Prime Minister Suga Yoshihide is expected to impose a state of emergency later this week as Japan confirmed over 4,900 new infections on Tuesday, marking the highest daily tally yet. 2️⃣ The positive risk tone could pressure the safe-haven JPY. ===== Technical ===== We are looking to buy the CADJPY above the RBS + above SMA 50 on the H1 chart.
Long
by MonsunAsia
cadjpyWhile CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY rates were embarking on an earnest bullish breakout attempt… CAD/JPY rates are starting to regain bullish momentum.While the CAD/JPY chart suggests more patience is required, traders should be on alert for another attempt at parallel channel resistance in the 81.58 to 81.91 zone in the next week or two.
by EricKimani