I have marked 3possible scenario
Trade setups are all bullish
if we break through the oivot,then I will buy immediately. This is the last pivot and cad seems to break it
Scenario 2 if we dont break the pivot and cad falls back to the previous pivot,i will buy the pull back etc.
I also have marked the potential risk rewar ratio
See the chart above
Dont: No sells!Just Buy!
The CAD/JPY pair is trading at 108.99 at the time of writing. It continues to stay higher as the Japanese Yen Futures remain bearish. Fundamentally, Canada reported lower inflation in May, that’s why the CAD lost significant ground versus its rivals. Later, the BOJ Gov Ueda Speaks and Fed Chair Powell Speaks could change the sentiment.
CA Dollar to Yen forecast on Tuesday, July, 4: exchange rate 109.38 Yens, maximum 111.02, minimum 107.74. CAD to JPY forecast on Wednesday, July, 5: exchange rate 109.09 Yens, maximum 110.73, minimum 107.45. CA Dollar to Yen forecast on Thursday, July, 6: exchange rate 109.35 Yens, maximum 110.99, minimum 107.71. CAD to JPY forecast on Friday, July, 7: exchange rate 109.11 Yens, maximum 110.75, minimum 107.47.
In 1 week CA Dollar to Yen forecast on Monday, July, 10: exchange rate 109.20 Yens, maximum 110.84, minimum 107.56. CAD to JPY forecast on Tuesday, July, 11: exchange rate 109.34 Yens, maximum 110.98, minimum 107.70. CA Dollar to Yen forecast on Wednesday, July, 12: exchange rate 109.52 Yens, maximum 111.16, minimum 107.88. CAD to JPY forecast on Thursday, July, 13: exchange rate 110.56 Yens, maximum 112.22, minimum 108.90. CA Dollar to Yen forecast on Friday, July, 14: exchange rate 111.54 Yens, maximum 113.21, minimum 109.87.
CA Dollar to Yen forecast by day
Date Weekday Min Max Rate
04/07 Tuesday 107.74 111.02 109.38
05/07 Wednesday 107.45 110.73 109.09
06/07 Thursday 107.71 110.99 109.35
07/07 Friday 107.47 110.75 109.11
10/07 Monday 107.56 110.84 109.20
11/07 Tuesday 107.70 110.98 109.34
12/07 Wednesday 107.88 111.16 109.52
13/07 Thursday 108.90 112.22 110.56
14/07 Friday 109.87 113.21 111.54
17/07 Monday 109.24 112.56 110.90
18/07 Tuesday 109.24 112.56 110.90
19/07 Wednesday 110.65 114.01 112.33
20/07 Thursday 111.69 115.09 113.39
21/07 Friday 111.46 114.86 113.16
24/07 Monday 112.40 115.82 114.11
25/07 Tuesday 112.38 115.80 114.09
26/07 Wednesday 112.87 116.31 114.59
27/07 Thursday 111.99 115.41 113.70
28/07 Friday 112.66 116.10 114.38
31/07 Monday 113.05 116.49 114.77
01/08 Tuesday 112.58 116.00 114.29
02/08 Wednesday 113.71 117.17 115.44
03/08 Thursday 114.36 117.84 116.10
04/08 Friday 114.16 117.64 115.90
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