CAD/JPY: trade on risk sentiment
If you want to make a bet on the positive risk sentiment, you can consider buying CAD/JPY.
Tag - jpy - japanese yen
Trading plan for February 1
Non-Farm Payrolls are the greatest driver of the markets today.
Trading plan for January 24
Find out the key levels for EUR/USD ahead of the ECB meeting and USD/JPY.
Trading plan for January 23
Check key levels for USD/CAD and CAD/JPY.
JPY or USD: who is stronger?
If we look at the daily charts of the US dollar index and the USD/JPY pair, we will see a misleading trend.
Trading plan for January 21
The trade talks between the US and China are still the main topics for the market. That is why it is recommended to trade USD/JPY and Gold on the market sentiment.
How about USD/JPY?
USD/JPY made a sizeable move up last week. It retraced more than 50% of the December-January decline.
Trading GBP/JPY on the news
Britain will release some economic data today. The forecast is positive. It’s possible to try to exploit this idea trading GBP/JPY.
USD/JPY may test lower levels
The pair slid back below the Fibonacci level. Moving averages on H4 are in the negative order.
Bet on CAD/JPY
The pair formed a “hammer” on W1 and is now likely to retrace to higher levels.
What do the monthly charts say?
Sometimes it’s worth analyzing big timeframes in order to get important trading hints…
Trading plan for January 4
Forex market started 2019 with extremely high volatility…
