Our free forex signals service trade today is a sell order on the CAD/JPY pair. The CAD/JPY pair plunged in the short term. The pair has now reached a support zone and a demand area. The selling pressure is high, so a further drop is possible because the Japanese Yen is strongly bullish. Being in a support zone, personally, I’m looking for long opportunities, but I need strong confirmation before taking action. The Japanese Household Spending registered only a 1.9% drop versus 3.5% expected compared to a 3.0% drop in the previous reporting period. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Canadian Employment Change & Unemployment Rate The Canadian Employment Change data is expected around 42.0K in October versus 157.1K in September, while the Unemployment Rate could drop from 6.9% to 6.8%. Better than expected data could boost the CAD/JPY. From the technical point of view, the pair registered only false breakdowns below the lower median line (LML), signaling some demand here. Also, its false breakdown with great separation through the 23.6% retracement level showed exhausted sellers in the short term. After its amazing sell-off and failing to reach and retest the channel’s downside line, the CAD/JPY pair could develop a new swing higher. Only making a new lower low, dropping, and closing below the 23.6% retracement level could signal more declines and invalidate the bullish scenario. Free forex signals – BUY CAD/JPY at 91.50 Free forex signals entry price and take profit Instrument: CAD/JPY Order Type: BUY STOP Entry price: 91.50 Stop Loss: 91.03 TP1: 92.22 My Risk: 1% Risk / Reward Ratio: 1 / 1:5 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% 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 USD/CAD Price Rises After US NFP, 1.2448 Support Holds Saqib Iqbal 1 year Our free forex signals service trade today is a sell order on the CAD/JPY pair. The CAD/JPY pair plunged in the short term. The pair has now reached a support zone and a demand area. The selling pressure is high, so a further drop is possible because the Japanese Yen is strongly bullish. Being in a support zone, personally, I’m looking for long opportunities, but I need strong confirmation before taking action. The Japanese Household Spending registered only a 1.9% drop versus 3.5% expected compared to a 3.0% drop in the previous reporting period. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d" background="#1d44bb" size="8" center="yes"… Regulated 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.
