USD/JPY: Live Coverage Trade Update
In our FOMC Meeting live coverage on YouTube yesterday, we sent out a short signal on USD/JPY around 25 minutes after the decision and right before the press conference.
USD/CAD looks vulnerable
Information is not investment advice
If the market gets confirmation that Canadian economy is doing better than the US one, which had a very bad Q2, USD/CAD will suffer. The pair is already trading within a downtrend. June lows have provided support near 1.3315, but the resistance line from the March highs is limiting the upside around 1.3460.
On the H4, support is located at 1.3400 (50-period MA). A decline below this level will open the way down to 1.3355.
Trade idea for USD/CAD
SELL 1.3395; TP 1.3355; SL 1.3415
Elizabeth Belugina
Similar
The Fed & Delta Variant
The Federal Reserve decided to keep the current policy unchanged as widely expected, with no additional information about the timing of the tapering. In fact, in this meeting, the Fed mentioned tapering twice only.
Better than Expected Earnings, Stocks Lower! How?
Since the beginning of the earnings season, companies are posting record earnings, most sectors have so far beaten the estimates by a large margin…
Popular
USD/JPY: Live Coverage Trade Update
In our FOMC Meeting live coverage on YouTube yesterday, we sent out a short signal on USD/JPY around 25 minutes after the decision and right before the press conference.
The Fed & Delta Variant
The Federal Reserve decided to keep the current policy unchanged as widely expected, with no additional information about the timing of the tapering. In fact, in this meeting, the Fed mentioned tapering twice only.
EUR/USD ended the day higher above 1.1800
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is trading slightly below the cloud…
Choose your payment system
