JPYUSD at very important level. In daily timeframe we see support from 200 WMA and multiple time tested support level However in 4H timeframe we can clearly see price crashed 200 WMA and support. Today price action will help us to determine where the price will go in future.
1. Just take support from daily trend line.
2. Tension is raising between Russia and Ukraine after long range missile. US and other countries ask to close embassy in Ukraine.
We can go for buy in CADUSD in this week. Dollar is currently very strong and I don’t see any support for CAD oil prices are also struggling at the same time. Inflation number for Canada is hawkish however upcoming news for Canada could be dovish.
1. Dollar very strong.
2. Oil price Struggling
3. Upcoming growth numbers (Dovish)
As per my understanding Gold at very crucial point. It is on daily chart trend line. We are about to see huge move up or down really soon. After that move I don’t see any further resistance or support soon in the area.
Influence
1. Trump Election
2. Fed Cutting Rate
3. Inflation
