-
Economic growth will be the theme in the financial markets this week. Japan and the UK will announce data on economic growth in the second quarter of 2019, which could be a sentiment driving the market.
Japan will announce the preliminary reading of economic growth in the second quarter of 2019 on August 8. Market participants expect the Japanese economy to slow down quite badly. Market consensus gathered by Reuters estimates that the quarterly annualized economy of the Rising Sun Country is 0.4%.
Slower than the quarter I-2019 which is 2.2%. Understandably, Japanese exports have contracted alias dropped for seven consecutive months due to the trade war of the United States (US) -China and a slowdown in the global economy. Japan's trade friction with South Korea made things even more complicated.
Then on August 9 local time, the Office for National Statistics (ONS) will announce the preliminary reading of UK economic growth for the second quarter of 2019. Market consensus from Trading Economics estimates that John Bull's economy grew 1.4% YoY. Slowed slightly compared to the previous quarter by 1.8%.
The slowdown in the UK economy has been seen from the Purchasing Manager's Index (PMI) data. In July, the IHS Markit / CIPS UK manufacturing PMI was at 48, the lowest in the past 6.5 years. "In July, we saw the manufacturing sector 'suffocated' because of the global economic slowdown.
Plus there is political uncertainty, "said Rob Dobson, Economist of IHS Markit, in a written statement. In addition to economic growth, investors should also look at the release of Chinese trade data on August 8.
If China's trade surplus (especially against the US) continues to swell, then the US might become inflamed. US President Donald Trump can be more confident in implementing import duties for the import of products made in China valued at US $ 300 billion starting next September.
Yes, investors also seem obliged to continue to monitor the development of US-China trade relations that are getting hot again. Because, China will reply if the US really imposed the import duty. Instead of trade peace, the US-China will instead lead to the umpteenth volume of trade war.
-
Forex Forecast with price level
CAD/JPY - pair in focus.
Current Price - 81.50
main support level - 81.42
main resistance level - 81.57
Pair likely to be in Sell today.
-
Cad/Jpy not cross the up price level 82.50, it means that Cad/Jpy pair today in selling and i recommend that trader place the sell in Cad/Jpy 82.00 - 82.50 and use of take profit at 80 to 120 pips point mean use tp at 81.00 - 80.70 and use stop loss price 82.50, I recommend today place sell order in Cad/Jpy and make good earning profit in Cad/Jpy pair trade positions.
-
Time Frame - 4 Hour
Currency pair - CAD/JPY
Buy @ - 81.49
Stop Loss - 81.25
Take Profit - 81.74
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
-
Cadjpy
canadian dollar / japanese yen
81.501
jpy
+0.004 (0.00%)
market open (sep 30 09:14 utc-4)
81.497
prev
81.500
open
75.162k
volume
81.393 — 81.602
day's range
-
Cad-Jpy Daily fundamental and technical analysis
Forex Market Main ajj fibionicci pivot point 31.24% par hai jiss say ye maloom ho raha hai
k ajj market me taazi anay wali hai
traders ke liya zarori hai ke sport or resistence ko follow karen
or market me sell yani nechey ki janab trade ko open kar lain sab
indicator market nechay ki janab he janay ka eshara day rahain hain
-
Cad/Jpy not cross the up price level 82.50, it means that Cad/Jpy pair today in selling and i recommend that trader place the sell in Cad/Jpy 82.00 - 82.50 and use of take profit at 80 to 120 pips point mean use tp at 81.00 - 80.70 and use stop loss price 82.50, I recommend today place sell order in Cad/Jpy and make good earning profit in Cad/Jpy pair trade positions.
-
Fundamental and Technical Analysis of Cad/Jpy
Trend of this pair is :buy
Resistance and supporting level
1:Resistance :81.70
2:Resistance :81.90
3:Resistance :82.10
1:Supporting :81.30
2:Supporting :81.10
3:Supporting :80.90
-
Daily Analysis of Cad/jpy
Daily EU Session & US Session Analysis for CFD Instruments
Analysis with the help of some good and use full indicators
I suggest enter the trade Price : 81.52
All Indicators shows Strong BEARISH TREND
Show 87.6% Sell Trend and 12.4% Buy trend so strong bearish
Trend and I suggest enter the trade with the stop lose and take profit
Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD Sell
RSI Sell
Stochastic sell
Indicator / Period
MACD Sell
RSI Sell
SMA Sell
Simple Moving Average Sell
Technical Indicators - Oscillators Sell
In these day,s trading is so risky so be carefull when enter your trade,
-
Cad/Jpy
Resistance level
Resistance level 1.81.70
Resistance level 2.81.90
Resistance level 3.82.10
Supporting level
Supporting level 1.81.30
Supporting level 2.81.10
Supporting level 3.80.90
