In today’s free forex signals service we have a buy order on CAD/JPY. The pair has dropped a little but the bias remains bullish. This could be just a temporary decline before jumping higher. Technically, the pair is nevertheless still expected to increase. The Nikkei has managed to rebound, causing the yen to depreciate again. The yen has risen too, after the BOJ Core CPI registered a 0.3% growth versus 0.2% expected in yesterday’s session. On the other hand, the Canadian Dollar is under pressure in the short term. The Loonie has depreciated versus other currencies as well and not only against the JPY, but strong commodity prices may have limited the damage. If you are looking to make money with forex trading then you may want to read our guide before you act on this signal. Canadian producer prices lower than expected Fundamentally, the Canadian IPPI and RMPI indicator came in lower than the previous month earlier today. Later, the BOJ Governor Kuroda is making a speech and that may bring heightened volatility. Tomorrow morning, the Retail Sales, Prelim Industrial Production, and the Housing Starts publication could help to establish a clearer direction of travel for the pair. The CAD/JPY has increased to as much as 88.31, where it has run into resistance. It is located at 87.772 below the ascending pitchfork’s median line (ML). It could still increase as long as it stays above 87.624 immediate low. Making a valid breakout through the minor downtrend line and stabilizing above the median line could signal an upside continuation. The upside scenario could be invalidated by a drop and stabilization below the downtrend line. If you haven’t decided on a forex broker yet to execute these free forex signals, read our guide on the best forex apps. Free forex signals – BUY CAD/JPY at 88.181 Free forex signals entry price and take profit Instrument: CAD/JPY Order Type: BUY STOP Entry price: 88.181 Stop Loss: 87.498 TP1: 89.417 My Risk: 1% Risk / Reward Ratio: 1:1.81 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. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next EUR/USD Forecast: Downside Breakout, Aims at Key 1.1612 Level Olimpiu Tuns 2 months In today's free forex signals service we have a buy order on CAD/JPY. The pair has dropped a little but the bias remains bullish. This could be just a temporary decline before jumping higher. Technically, the pair is nevertheless still expected to increase. The Nikkei has managed to rebound, causing the yen to depreciate again. The yen has risen too, after the BOJ Core CPI registered a 0.3% growth versus 0.2% expected in yesterday’s session. On the other hand, the Canadian Dollar is under pressure in the short term. The Loonie has depreciated versus other currencies as well and not… 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.
