CAD - BULLISH
1️⃣ Boosted by a rise in oil prices and hopes that a coronavirus vaccine may be available soon.
2️⃣ Canada's retail sales rose by 1.1% over a month earlier in September, beating market expectations of a 0.2% increase.
JPY - BEARISH
1️⃣ Japan reported 2,168 new daily cases of infection on Sunday, a day after marking a record high for the fourth day in a row.
2️⃣ Improving in risk sentiment weighing on the JPY.
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Technical
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We are buying the CADJPY above the support of 79.400 + above SMA 50 on the H1 chart.
1️⃣ Boosted by a rise in oil prices and hopes that a coronavirus vaccine may be available soon.
2️⃣ Canada's retail sales rose by 1.1% over a month earlier in September, beating market expectations of a 0.2% increase.
JPY - BEARISH
1️⃣ Japan reported 2,168 new daily cases of infection on Sunday, a day after marking a record high for the fourth day in a row.
2️⃣ Improving in risk sentiment weighing on the JPY.
=====
Technical
=====
We are buying the CADJPY above the support of 79.400 + above SMA 50 on the H1 chart.
Trade closed: target reached
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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.