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CAD/JPY Signal - CAD Housing Price Index - 24 Sep 2020

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Signal Details
Entry Price: 
78.775
Take Profit: 
78.000
Stop Loss: 
79.18
Direction: 
Sell
How we trade
Average: 5 (1 vote)

CADJPY is trending to the downside prior to CAD Housing Price Index Data. Housing price index data measures th changes over time in house selling prices for new houses. Technically the pair has pulled back into the moving averages and the 50% fibonacci level. We anticipate continued downside into the 78.000 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.