Get started
SpeculatorsTrading

$CADJPY short- Trading the Opec Campaign into 22nd June

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
SpeculatorsTrading  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis CAD CADJPY USDCAD speculators COT
2
0
trendanalysis chartpattern beyondta cad cadjpy usdcad speculators cot
Last week options volume pointed at increased downside protection. Which translated into a yen rally or cadjpy drop.
This theme is still in play on top of that. opec is relaxing supply cuts and thus driving oil lower over the coming month, which will drag CAD$ with it.

I line with that we had a weekly bearish engulfing bar pointing at 82-80 area.

For more free educational material and free Trade of the Week visit SpeculatorsTrading
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.