CAD - BULLISH
1️⃣ Bullish sentiment across global markets prompted investors to buy riskier assets.
2️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled.
3️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record.
4️⃣ Rallied in oil prices boosted the CAD.
JPY - BEARISH
1️⃣ Prime Minister Suga Yoshihide is expected to impose a state of emergency later this week as Japan confirmed over 4,900 new infections on Tuesday, marking the highest daily tally yet.
2️⃣ The positive risk tone could pressure the safe-haven JPY.
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Technical
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We are looking to buy the CADJPY above the RBS + above SMA 50 on the H1 chart.
1️⃣ Bullish sentiment across global markets prompted investors to buy riskier assets.
2️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled.
3️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record.
4️⃣ Rallied in oil prices boosted the CAD.
JPY - BEARISH
1️⃣ Prime Minister Suga Yoshihide is expected to impose a state of emergency later this week as Japan confirmed over 4,900 new infections on Tuesday, marking the highest daily tally yet.
2️⃣ The positive risk tone could pressure the safe-haven JPY.
=====
Technical
=====
We are looking to buy the CADJPY above the RBS + above SMA 50 on the H1 chart.
Order cancelled
Price has reached TP 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.