CADJPY Short

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INFORMATION

The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar.


NEXT TARGET IS 110.93

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❤️FOREX BESTIES WEB - Technical Analysis

Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS

❤️NOTE

Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.

❤️MONEY CAPITAL MANAGEMENT

⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital