Tickmill’s Investing Diva, CADJPY Daily Outlook 10-07-20

<p>CADJPY Daily Outlook 10-07-20 – On Thursday we found out that the US weekly jobless claims were at a better-than-expected 1.3 million as workers slowly returned to their jobs in the wake of rising coronavirus cases. Meanwhile, The European Union’s chief Brexit negotiator said “significant divergences” persisted in its talks with the UK on their new relationship from 2021.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
<p>On Friday we’ll be looking at Canada’s jobs report and Industrial production numbers from France and Italy.</p>
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<p>Today I’m looking at the CAD/JPY pair which once again wasn’t able to break above the pivot level of 79.33 and is hedging back down towards the lower band of its current range at 78. The pair is also testing the upper band of the daily Ichimoku cloud. If next week it’s able to confirm a break below it, we’ll have a brand new medium-term bearish signal that could open doors for further drops towards 76.</p>
<p>Which direction do you think the CAD/JPY pair is headed towards in the medium term? Head over to the comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-cadjpy-daily-outlook-10-07-20/">Tickmill’s Investing Diva, CADJPY Daily Outlook 10-07-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>