Our free forex signals service today looks at the CAD/JPY and we have the entry, stop and take profits levels for you. The Canadian employment data released on Friday that missed expectations of the market participants. Although the unemployment rate fell to 7.5% from 7.8% in June, it was expected to come at 7.4%. This led to a fall in the Canadian Dollar across the board. –Are you interested to learn more about automated forex trading? Check our detailed guide- On Monday, the Canadian Dollar continued the Friday’s trend during the Asian session. However, it found some support as the European markets opened. Still, there are several factors that can hamper further rise in the Canadian Dollar. One of the major factors is crude oil prices that fell 2% on Monday amid rising fear of coronavirus and potentially declining demand. On the other hand, the Japanese Yen has also shown some traction on the day as the risk sentiment remains sour. Most of the JPY pairs follow the USD/JPY pair. In the wake of USD/JPY’s fall today, the CAD/JPY may also keep falling. Get FREE Forex Signals Now! However, any rise of CAD/JPY pair beyond the 88.00 mark will trigger strong buying and shed off bearish momentum. CAD/JPY free forex signals CAD/JPY 4-hour chart signal Instrument: CAD/JPY Order: BUY STOP Entry price: 88.321 Stop Loss: 87.367 TP1: 90.003 Recommended Risk: 1% Risk / Reward Ratio: 1:1.76 Signal validity period: Good until cancelled Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Forex Trading Signals share Read Next Litecoin Price Prediction: LTC Rejected by the $150 Psychological Level Nancy Lubale 9 months Our free forex signals service today looks at the CAD/JPY and we have the entry, stop and take profits levels for you. The Canadian employment data released on Friday that missed expectations of the market participants. Although the unemployment rate fell to 7.5% from 7.8% in June, it was expected to come at 7.4%. This led to a fall in the Canadian Dollar across the board. –Are you interested to learn more about automated forex trading? Check our detailed guide- On Monday, the Canadian Dollar continued the Friday's trend during the Asian session. However, it found some support as the European… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
