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CADJPY: Trend reversal analysis

Major trend reversal level: 81.85-82.08 (55- day EMA and Jun 11th high)

 

CADJPY is trading higher for the past two days and jumped nearly 100 pips on account of the strong Canadian dollar. The strong oil price due to the escalation of tension between the US and Iran is supporting the pair. The pair has jumped till 55- day EMA for two times (one on Jun 11th and other on Jun 20th). It hits an intraday high of 81.95 and is currently trading around 81.80.

 

On the higher side, the pair is hovering near 55- day EMA at 81.83 and any daily close above this level confirms further bullishness and a jump till 82.85/83.68 (200- day MA) is possible.

 

The near term major support is around 81-81.16 (yesterday's low and 20- day MA) and any violation below will take the pair to next level till 80.57/79.97 (Jun 3rd low).

 

It is good to buy on dips around 81.55-60 with SL around 81 for the TP of 82.85/83.65.

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 766013766013m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766013766013m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777833777833m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766013766013m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777833777833m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766013766013m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766013766013m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766013766013m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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