Our free forex signals service today looks at the CAD/JPY and we have the entry, stop and take profits levels for you. Canadian dollar maintains a positive outlook as the risk sentiment is positive in the week. The Canadian dollar is gaining against most of the peers as the decline led by the USD/CAD pair is affecting all the pairs. –Are you interested to learn more about making money in forex? Check our detailed guide- Meanwhile, the Canadian dollar gains as WTI crude rises above $69 a barrel amid concerns over interruptions caused by Tropical Storm Ida. Moreover, Canada exceeded its first-quarter current account surplus by CAD 3.6 billion in Q2. Fed Chairman Jerome Powell reassured the markets that the Fed is not in a rush to raise interest rates during his highly anticipated speech at a symposium in Jackson Hole. US Treasury yields declined as markets were reassessed when it is likely the Fed will begin the tightening process. This was seen as a key factor that continued to undermine the dollar. Get FREE Forex Signals Now! The yen, like the dollar, is a countercyclical safe haven. In this sense, global growth is slowing down and risk appetite is weakening. A similar trend is observed with the Japanese yen in response to the increase in short-term US Treasury yields, a measure of expectation of what the US Federal Reserve is going to do. In the US, the interest rate is very high and this makes the Yen very susceptible to devaluation. ” CAD.JPY free forex signals CAD/JPY 4-hour price chart Instrument: CAD/JPY Order Type: BUY STOP Entry price: 87.601 Stop Loss: 86.49 TP1: 89.25 Our Risk Setting: 1% Risk / Reward Ratio: 1:1.5 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 DASH Skates to $221 (Down -2.32%)- Where to Buy DASH? Ali B. 5 months Our free forex signals service today looks at the CAD/JPY and we have the entry, stop and take profits levels for you. Canadian dollar maintains a positive outlook as the risk sentiment is positive in the week. The Canadian dollar is gaining against most of the peers as the decline led by the USD/CAD pair is affecting all the pairs. –Are you interested to learn more about making money in forex? Check our detailed guide- Meanwhile, the Canadian dollar gains as WTI crude rises above $69 a barrel amid concerns over interruptions caused by Tropical Storm Ida. Moreover, Canada exceeded… 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.
