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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.
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CAD/JPY trends to bearish
1 Resistance 80.67
2 Resistance 79.35
3 Resistance 78.05
1 Supporting 77.27
2 Supporting 76.13
3 Supporting 75.15
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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.
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i express my opinion about this pair..
As All of you know that . this trading pair is too good for best tradong is pair . this trading pair gives us lot of experience. . by the trading in this pair we will be able to earn large profit .its all becouse of its movement. after the understanding of pro EMA trading analysis. its all candle pre-inform you about future movement.
95% chances of profit aftar analysis of these indicators So i am always refer the indicator for analysis ... .
i suggest you this analysis indicater for 95% chances...
goodluck..
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CADJPY Trend is down
1 Resistance level:80.64
2 Resistance level:79.39
3 Resistance level:78.03
1 Supporting level:77.22
2 Supporting level:76.15
3 Supporting level:75.17
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CAD/JPY trends to bearish
1 Resistance 80.67
2 Resistance 79.35
3 Resistance 78.05
1 Supporting 77.27
2 Supporting 76.13
3 Supporting 75.15
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at this day my calculation is thats,
cad.jpy
my openions of this pair is:SELL
bollinger bands on ; SELL
Parabolic seccion is on : SELLing
In my observation the profitarble next selling point will be 81.78
and by my mind the profitable next buy point will be 80.15.
I think thats the successful key points for sellling and buying for this pairs.
You will earn more money if you will follow my views,
because i have posted this after checking the previous routine of daily time frame of H1,H4 clearly.
note;simply moving on parabolic levels.
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Bollinger Bands is trend down and signal Parabollic Sar is BEARISH TREND
great day dear all member today because market trend is Downward
then I recommend you to do the open position SELL with some criteria such as the following.
fundamental analysis or technical analysis ko:1f61d:
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Today market trend is SELL
Dear friends today Market trend
is natural so i sugest please wait for good
entry point becasue fibionic retracement
is percent and all over trend is SELL
some indicators like
moving avarages 11.89%
bolinger band 74.5%
parabolic 52.20%
market trend is SELL
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Today market trend: buy
Mere experience aur indicators ko dekhte hoye market up side ki tarf ja ri hai
Hamain buy main trade profit de gi
Hamesha apne experience se trading karen aur acha profit hasil karen