CAD/JPY Daily Candlesticks & Ichimoku Chart
CAD/JPY looks poised to retrace back to 84 handle on the daily chart. With JPY trading strong given the uncertainty on the trade war front, it is a good countertrade to have in a portfolio that is risk-seeking.

 

CAD/JPY Weekly Candlesticks & Ichimoku Chart
On the weekly CAD/JPY chart, it looks like good risk/reward to sell against the bottom of the Ichimoku cloud. With both the daily (above) and weekly charts pointing in the same direction, it is worth a shot!

 

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are extracts of our weekly subscription product – “CIO’s Week Ahead Update” which provides analysis for the week ahead, first sent out on Monday of the week.

Let us know what you think in the comments below!

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd.

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