Hey everyone,
Yet another weekly trading plan is up! This week I share with you my trading plan on the CAD/JPY currency pair. I am more inclined to Sell the pair in the long run, but there are some short-term opportunities for a Buy as well.
For full technical analysis check out the Weekly Trading Plan video on Youtube.
Also join our Telegram if you want to keep track on our progress and our trades.
Below I will write down all the zones mentioned in the video in numbers as well as a short fundamental analysis for this week.
Weekly Resistance Area: 86.05 to 86.75
Weekly Support Area: 81.35 to 80.60
Daily Support Area - Middle of Range: 84.20 to 83.50
Target 1 Resistance Area - H4 Buy: 85.30 to 85.70
Target 1 Support Area - H4 Sell: 82.90 to 82.20
Fundamental Analysis:
Regarding the CAD and JPY we don’t have any important events or reports being published by the end of the week. Nevertheless I would like to mention here a few reports on the EUR and USD that might have some effect the CAD/JPY currency pair.
Thursday - July 26th:
From 11:45 GMT to 12:30 GMT (14:45 BG time to 15:30 BG time) we have a few major reports being published from the Eurozone. At 12:30 GMT president of the ECB - Mario Draghi will hold a speech, so keep that in mind.
Friday - 27th of July:
12:30 GMT (15:30 BG time)
Gross Domestic Product report from the US incoming. Keep it in mind as it might affect overall all markets.
I wish everyone a profitable and most importantly positive week! :)
Yet another weekly trading plan is up! This week I share with you my trading plan on the CAD/JPY currency pair. I am more inclined to Sell the pair in the long run, but there are some short-term opportunities for a Buy as well.
For full technical analysis check out the Weekly Trading Plan video on Youtube.
Also join our Telegram if you want to keep track on our progress and our trades.
Below I will write down all the zones mentioned in the video in numbers as well as a short fundamental analysis for this week.
Weekly Resistance Area: 86.05 to 86.75
Weekly Support Area: 81.35 to 80.60
Daily Support Area - Middle of Range: 84.20 to 83.50
Target 1 Resistance Area - H4 Buy: 85.30 to 85.70
Target 1 Support Area - H4 Sell: 82.90 to 82.20
Fundamental Analysis:
Regarding the CAD and JPY we don’t have any important events or reports being published by the end of the week. Nevertheless I would like to mention here a few reports on the EUR and USD that might have some effect the CAD/JPY currency pair.
Thursday - July 26th:
From 11:45 GMT to 12:30 GMT (14:45 BG time to 15:30 BG time) we have a few major reports being published from the Eurozone. At 12:30 GMT president of the ECB - Mario Draghi will hold a speech, so keep that in mind.
Friday - 27th of July:
12:30 GMT (15:30 BG time)
Gross Domestic Product report from the US incoming. Keep it in mind as it might affect overall all markets.
I wish everyone a profitable and most importantly positive week! :)
