CADJPY - BULLISH BIAS
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MARKET OUTLOOK
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CAD - BULLISH
1️⃣ Faster vaccine roll-out in Canada may keep fueling hopes of a faster exit from current restrictions and offsetting the negative impact of deteriorating data flow.
2️⃣ Oil prices jump as much of vital pipeline remains shut down following cyberattack.
3️⃣ Bank of Canada was the only central bank to tighten in April.
JPY - BEARISH
1️⃣ Japan's extended state of emergency over the coronavirus pandemic till the end of May.
2️⃣ Good momentum in global equities continues.
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TECHNICAL
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We're looking to long this pair on RBS level + SMA50 area on H1 chart.
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RISK TO THIS TRADE
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Any change in sentiment could turn the pair's direction.
MARKET OUTLOOK
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CAD - BULLISH
1️⃣ Faster vaccine roll-out in Canada may keep fueling hopes of a faster exit from current restrictions and offsetting the negative impact of deteriorating data flow.
2️⃣ Oil prices jump as much of vital pipeline remains shut down following cyberattack.
3️⃣ Bank of Canada was the only central bank to tighten in April.
JPY - BEARISH
1️⃣ Japan's extended state of emergency over the coronavirus pandemic till the end of May.
2️⃣ Good momentum in global equities continues.
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TECHNICAL
=====
We're looking to long this pair on RBS level + SMA50 area on H1 chart.
=====
RISK TO THIS TRADE
=====
Any change in sentiment could turn the pair's direction.
Trade active
Order cancelled
Current price touce TP price first
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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.