Tickmill’s Investing Diva, CADJPY Daily Outlook 28-05-20
<p>CADJPY Daily Outlook – On Wednesday Trump said White House will ‘do something’ about Hong Kong issue by end of the week, U.S. Mortgage demand from homebuyers showed unexpectedly strong and quick recovery, as applications spike 9% from a year ago, the EU unveiled a plan to borrow 750 billion euros to aid economic recovery, and the UK lockdown drove the fastest growth in grocery sales for over 25 years.</p>
<p>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.</p>
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<p>On Thursday we’ll be looking at the US durable goods orders and the GDP growth rate.</p>
<p>Today I’m looking at the CAD/JPY pair again because it actually broke above the resistance level and the range I talked about yesterday, and doubled down on its new bullish momentum early during Thursday’s Asian session. The future cloud turned bullish, and while we could expect a temporary pullback, there’s a high chance that the pair is now headed towards the 50% Fibonacci retracement level of 79.33.</p>
<p>Do you think this is a false breakout? Head over to the comments section and let me know.</p>
<p><strong>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.</strong></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-cadjpy-daily-outlook-28-05-20/">Tickmill’s Investing Diva, CADJPY Daily Outlook 28-05-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>