Tickmill’s Investing Diva, CADJPY Daily Outlook 16-06-20

Feb 7, 2024 - 10:51

CADJPY Daily Outlook – On Monday the Empire State index showed stable conditions in June after two months of record declines, Canadian Manufacturing sales fell by a record 28.5% in April but their home sales rebounded by a record 56.9%, and the EU and the UK agreed to speed up Brexit trade talks. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends. On Tuesday we’ll be eying Germany’s inflation rate, the Euro area’s ZEW economic sentiment index, and US retail sales. <iframe src="https://www.youtube.com/embed/FOcx0wQUQYc" width="100%" height="481" frameborder="0" allowfullscreen="allowfullscreen" data-mce-fragment="1"></iframe> Today I’m looking at the CAD/JPY pair which bounced back off the daily Ichimoku cloud after briefly testing its upper band last week. The future cloud appears bullish so last week’s losses may have simply been a temporary pullback. Currently, the pair is testing the 50% Fibonacci retracement level of 79.33. Confirmation of a break above it could open doors for further gains towards 80 and 82 respectively. Do you think the CAD/JPY pair is in an overall uptrend? Head over to the comments section and let me know. Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company. High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-cadjpy-daily-outlook-16-06-20/">Tickmill’s Investing Diva, CADJPY Daily Outlook 16-06-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.

RBA's Bullock: We still have got a "little wa...

ECB's de Cos says confident that inflation is...

BOE's Dhingra: I'm not worried about cutting ...

ECB's Vujčić says should not rush start of ra...

America's Rising Debt Levels: A Closer Look b...

Tickmill’s Investing Diva, CADJPY Daily Outlook 16-06-20

JPMorgan Chase: a safe haven in the banking sector? Part 2

Daily Market Outlook, June 16, 2020

Most Viewed Posts

BOE's Dhingra: I'm not worried about cutting rates too ...

ECB's de Cos says confident that inflation is moving ba...

RBA's Bullock: We still have got a "little way to go" t...

Tickmill’s Investing Diva, CADJPY Daily Outlook 16-06-20

Related Posts