Weekly Analysis Feb (15-20)

Weekly Analysis Feb (15-20)

AUDJPY Sold 92.33 Bought 92.83 -50 Pips

CADJPY Sold 95.20 Bought 95.70 -50 Pips



AUDJPY

The Aussie Yen has been bouncing between 92.40 Resistance and 91.80 Support for several days before our trade was executed. We anticipated a bearish Aussie for the week but unfortunately the pair broke resistance levels from its bullish rally. Our stop price was triggered to prevent any further loss as the Aussie remain bullish for the week.



Further Expectations

None.

CADJPY

The Canadian dollar has been moving alongside the price of Crude through its slippage and bouncing. We predicted a slight bounce up in crude at the beginning on this month, but we are still uncertain on how long this minor retracement will run. We are overall bearish crude and the CAD until a justifiable bottom is met with the commodity. Our stop loss was triggered from our DAILY trade to prevent any further losses.



Further Expectations

Keep a close eye of crude as we expect further bearish movements pass 92.80 Support