CADJPY - BULLISH BIAS
CAD - Bullish
1️⃣ Confidence among Canadian exporters has soared to its highest level in more than 20 years following the continued global economic recovery.
2️⃣ Global crude oil prices traded well following a decline in inventories and market sentiment remained optimistic due to extensive vaccination programs in Europe and the United States.
JPY - Bearish
1️⃣ Positive global market sentiment could put pressure on safe-haven currencies like the JPY.
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TECHNICAL
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- We're buying CADJPY on RBS level on H1 chart + pivot point area.
1️⃣ Confidence among Canadian exporters has soared to its highest level in more than 20 years following the continued global economic recovery.
2️⃣ Global crude oil prices traded well following a decline in inventories and market sentiment remained optimistic due to extensive vaccination programs in Europe and the United States.
JPY - Bearish
1️⃣ Positive global market sentiment could put pressure on safe-haven currencies like the JPY.
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TECHNICAL
=====
- We're buying CADJPY on RBS level on H1 chart + pivot point area.
Trade closed manually
✅ CLOSE POSITION ON 90.100+20 PIPS
Clear position on weekend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.