go short to cad

go short to cad next week have a bad news for cad

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bouncing on support line this week go short on cadjpy price go to 82.500 today 80 pip

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Also on Tuesday we are expecting Canada’s Trade Balance report for march .The report is released by Statistics Canada,and indicates Difference in value between imported and exported goods during the reported month. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.The value of the Trade Balance is expected to be 0.7B ,which is a reduction compared to February(0.8B).If the expecations meet the real data,there might be an impact in the value of the Canadian dollar.We recommend short positions and paying attention to our technical analysis.

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Canadian employment data: Friday, 12:30. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.The expecatations are for an increase in unemployment to 6.7% from 6.6%.Tuesday’s news about the Canadian trade balance,could show us partially what we should expect,because the trade balance and the unemployment rate have a relationship,it’s a weak one but still it’s a relationship.If the trade balance is decreasing then we could expect the unemployment to raise.Our recommendation is going short.Be very caoutious because US data tends to have an effect on the value of the Canadian dollar.

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nice nice go to the target

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go to the 82 next target

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touch the resistance and go to the down 82

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Go to 82 go short

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