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Cadjpylong

CADJPY - Bullish BiasCAD - BULLISH 1️⃣ WTI crude futures rose as much as 2% to $60.6 per barrel on Thursday. 2️⃣ Canadian manufacturing PMI for March is expected to jump as sentiment regarding production over the next 12 months remained upbeat. JPY - BEARISH 1️⃣ Industrial output in Japan fell 2.1% mom in February, worse than expected. 2️⃣ Japan's housing starts dropped by 3.7% yoy in the month, the 20th straight month of fall. ===== Technical ===== We are looking to buy the CADJPY at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CAD/JPY BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! CAD/JPY: Day-Swingtrade-Preparation Market-Buy: 86.800 Stop-Loss: 86.050 Point of Risk-Reduction: 87.460 Take-Profit: 88.845 Stop-Loss: 75 pips Risk: 0,5%-1% Risk-Reward: 2,80 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
5
CADJPY - Bullish BiasCAD - BULLISH 1️⃣ Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month. 2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs. JPY - BEARISH 1️⃣ Rising US Treasury yields pressured the JPY. ===== Technical ===== We are looking to buy the CADJPY at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CAD/JPY MANUALLY CLOSED BEFORE TP HIT! RECAP WEDNESDAYWe entered CADJPY on Wednesday last week and again this was another trade that we had to be patient with. Eventually we started seeing drawback which we were confident that the trade would continue in a bullish momentum and hit our Take profit level. All though we closed our positions out early and secured a further +30 Pips to recoup the losses we had earlier during the week. with this trade secured we were now up +100 pips for 3 days (including our losses).
Long
by Forexinsightsuk
CADJPY - Bullish BiasCAD - BULLISH 1️⃣ The Bank of Canada kept the interest rate unchanged at 0.25%. Additionally, the central bank forecasts positive GDP growth in the first quarter of 2021 as the economy is proving to be more resilient than anticipated to the second wave of the virus and the associated containment measures. 2️⃣ Oil prices, one of Canada’s major exports, steadied around $64 per barrel, near an over 2-year high of $67.98 hit in the beginning of the week. 3️⃣ The economy advanced an annualized 9.6% in Q4, beating market forecasts of 7.5%. JPY - BEARISH 1️⃣ A strong post-pandemic recovery in the US after the US Congress passed a US$1.9 trillion relief package Wednesday to support businesses and households battered by the coronavirus pandemic. 2️⃣ Producer prices declined 0.7% annualized in February, falling at a slower pace in February for a 3rd straight month. 3️⃣ Positive risk tone weighing on the safe-haven JPY. ===== Technical ===== We are looking to buy the CADJPY on RBS + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia