CAD/JPY: Fundamental Review & Forecast

Is it worth being optimistic together with the rest of investors? See in this review.

Fundamental Analysis
2021年2月24日

In an unstable global economy, it is still possible to find fairly stable processes that allow investors to continue to earn from exchange rates. We are talking about the CAD/JPY quotes at the moment and about the confrontation of commodity assets against safe ones. The uptrend continues for the 11th month in a row, and we can still see the testing of the resistance line and the intensifying of the trend. Investors are still optimistic about the future of the global economy.

This week, the trend has not changed. Commodity assets continue rising in price - in particular, oil, which has long been fixed in the 60+ range and supports the CAD. External factors remain the driver for the CAD in the absence of important macroeconomic reports. The situation is similar for the JPY, although with the release of macroeconomic reports in Japan, the yen mostly retreats even more, since inflation processes and economic indicators are still far from the levels desired by the Bank of Japan.

Next week may be more volatile for the CAD/JPY pair. China's business activity indexes, Japan's unemployment data, Canada's GDP in Q4 and the trade balance will be published. The most important reports for the first five days of March make next week very interesting. As for today, we are confident in the continuation of the trend and the effectiveness of the deals to BUY. Technical analysis tools also indicate the same.

Stanislav Litinskyi

Fundamental Analysis

NZD/USD: Fundamental Review & Forecast

Nothing changes for the NZD/USD. The deals to BUY are still effective.

Stanislav Litinskyi
2021年2月19日

Fundamental Analysis

USD/CAD: Fundamental Review & Forecast

A flat trend has started. Incentitives aren't enough against each other. But we find the deals to BUY more promising.

Stanislav Litinskyi
2021年2月17日

Fundamental Analysis

AUD/USD: Fundamental Review & Forecast

We are waiting for further AUD growth. The deals to BUY seem to be effective again.

Stanislav Litinskyi
2021年2月10日