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BEARISH BIAS for FX:CADJPY by MonsunAsia — TradingView

  • October 2, 2020
  • Posted by: virtualxstore
  • Category: trading
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CAD – BEARISH
1️⃣ Investors returned to safe-haven currencies after news that US President Donald Trump tested positive for COVID-19 with just a month to go until the presidential election.
2️⃣ A sharp fall in oil prices undermined the Loonie.

JPY – BULLISH

1️⃣ Yen strong on a bid for the safe haven Yen following news that the US President Donald Trump and first lady Melania had contracted the novel coronavirus.

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TECHNICAL

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– We look to short CADJPY on SBR level + SMA100 area on H1 chart.

– CADJPY on bearish zone.

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