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MonsunAsia
Oct 2, 2020 11:45 AM

CADJPY - BEARISH BIAS Short

Canadian Dollar/Japanese YenFXCM

Description

CAD - BEARISH
1️⃣ Investors returned to safe-haven currencies after news that US President Donald Trump tested positive for COVID-19 with just a month to go until the presidential election.
2️⃣ A sharp fall in oil prices undermined the Loonie.

JPY - BULLISH
1️⃣ Yen strong on a bid for the safe haven Yen following news that the US President Donald Trump and first lady Melania had contracted the novel coronavirus.

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TECHNICAL
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- We look to short CADJPY on SBR level + SMA100 area on H1 chart.
- CADJPY on bearish zone.
Comments
InkyGrip
Very detailed analysis! Thumbsup! 👍🏻🦐
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