CAD - BEARISH
1️⃣ Investors rushed for safety amid mounting concerns over rising coronavirus infections worldwide. Investors now await for Prime Minister Trudeau’s address to nation later in the day, where it is expected to unveil a plan to help the country recover from the coronavirus pandemic.
2️⃣ Mounting concerns over fuel demand recovery as the number of coronavirus cases continues to rise worldwide.
JPY - BULLISH
1️⃣ Investors moved into the safe haven Yen amid greater uncertainties over global economic recovery following several warnings from US Federal Reserve Chair Jerome Powell that the US economic recovery may come to a halt without additional fiscal stimulus.
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TECHNICAL
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- We are keen to sell CADJPY on SBR level + SMA100 area on H1 chart.
- CADJPY in bearish zone.
1️⃣ Investors rushed for safety amid mounting concerns over rising coronavirus infections worldwide. Investors now await for Prime Minister Trudeau’s address to nation later in the day, where it is expected to unveil a plan to help the country recover from the coronavirus pandemic.
2️⃣ Mounting concerns over fuel demand recovery as the number of coronavirus cases continues to rise worldwide.
JPY - BULLISH
1️⃣ Investors moved into the safe haven Yen amid greater uncertainties over global economic recovery following several warnings from US Federal Reserve Chair Jerome Powell that the US economic recovery may come to a halt without additional fiscal stimulus.
=====
TECHNICAL
=====
- We are keen to sell CADJPY on SBR level + SMA100 area on H1 chart.
- CADJPY in bearish zone.
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