Hello guys,
I am looking for shorts on CADJPY which is going with the trend and what smart money is doing. I expect slight strength on CAD based of the bullish oil sentiments but i think fundamentally the cad economy has been weak in regards to the fundamental data .This in addition to the technicala this week i am looking for a short on the pair but keeping an eye on the fundamental data out of canada this week.This bias is also shaped by the fact that cad is paired with a safe haven (Jpy) we know that investors usually stack there money in safe havens especially during time like this when corona virus is taking its toll and and prime minister Justin Trudeau is facing pressure for the oil pipeline construction that was recently approved despite aboriginals protesting against it.
I am looking for shorts on CADJPY which is going with the trend and what smart money is doing. I expect slight strength on CAD based of the bullish oil sentiments but i think fundamentally the cad economy has been weak in regards to the fundamental data .This in addition to the technicala this week i am looking for a short on the pair but keeping an eye on the fundamental data out of canada this week.This bias is also shaped by the fact that cad is paired with a safe haven (Jpy) we know that investors usually stack there money in safe havens especially during time like this when corona virus is taking its toll and and prime minister Justin Trudeau is facing pressure for the oil pipeline construction that was recently approved despite aboriginals protesting against it.