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Strategists at TD Securities diversify its exposure to the loonie and open a CAD/JPY short position.
“We expect CAD to underperform its major dollar bloc peers, but the risk backdrop looks a bit ominous to us.”
“We diversify CAD exposure and think it makes sense give it another go on CAD/JPY shorts as a cleaner expression of CAD bearishness for now.”
“We short CAD/JPY (enter at 76.40) targeting a move towards 75 initially (stop placed at 77.50).”
Set Aside Funds. Assess how much capital you're willing to risk on each trade. ...
Set Aside Time, Too. Day trading requires your time. ...
Start Small. ...
Avoid Penny Stocks. ...
Time Those Trades. ...
Cut Losses With Limit Orders. ...
Stick to the Plan.=======
The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.==========
Strategists at TD Securities diversify its exposure to the loonie and open a CAD/JPY short position.
“We expect CAD to underperform its major dollar bloc peers, but the risk backdrop looks a bit ominous to us.”
“We diversify CAD exposure and think it makes sense give it another go on CAD/JPY shorts as a cleaner expression of CAD bearishness for now.”
“We short CAD/JPY (enter at 76.40) targeting a move towards 75 initially (stop placed at 77.50).”======
predictions for the day.
trading is risky if no analysis is done
CAD/JPY - is the currency pair we will be focusing on
major low levels also known as supports 76.41
major high levels also known as resistance - 76.67
Today market trend: Bullish
Resistance and Support points are depend on market news
So before trading see indicators and then take a decision for trading
Always keep patience and get a huge profit in your trading
Come in forex trading and become a ßillionaire
CAD/JPY
Pivot Point 76.60
Supporting 76.54
Supporting 76.48
Supporting 76.37
Resistance 76.65
Resistance 76.71
Resistance 76.82
Today market trend:ßearish Sell
Resistance points and Support points going down in 4 hours chart
According to the famous indicators market goes down so we want do the trading in sell
Keep confidence and take a huge profit in forex trading because the confidence is a main key of success
Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
Aj k liye buy Karna zaida better rahay ga
The pair is in strong uptrend line targeting But a clear break of this blue uptrend line will trigger a strong bearish targeting
Major trend : upward
Minor trend : downward
current position, a position floting loss, -4. two positions have not been executed pending orders.
price is currently undergoing a correction, and it seems like the trend up will not change