Hot-Charts
CADJPY's Next Target
by
Jun 15, 2009 12:47
| 98 Comments
A host of JPY cross pairs could see extended selling ahead of what could be 3-5% retreat in equities this week. Opting for a short play in CADJPY is backed by increased jawboning from the Bank of Canada over loonie strength--especially following the return of the trade balance to deficit territory. Last weeks release of the Q1 industrial capacity figures showed the lowest level on record. CADJPYs 6-month uptrend is supported at the 83.70 bottom of the channel. But interim selling remains ample towards 86.00, 85.20 and 84.70. Prolonged pullbacks seen driven by oil's break below $68.70.
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تفسير مراحل الذهب
Mar 17, 2023 21:28 | by Ashraf Laidi.
Ashraf
USD/CAD could possibly retest 10200.
I am short on CAD/JPY @ 84 and although I am in the red but keeping my short till 83 as predicted by Ashraf.
Ashraf
Now that there is a retrace on USD/CAD, is it good to load up again going long or has the move already been done.
-Jack