CAD Weakness Dominating Canadian Pairs

With the London open well underway, the Canadian Dollar is losing points across all pairs. This gives us a low risk opportunity to score some early pips for a quick profits if we play the CAD weakness against one of our stronger currencies.

CAD Weakness:

USDCAD +0.18%
NZDCAD +0.15%
GBPCAD +0.10%
EURCAD +0.27%
AUDCAD +0.06%
CADCHF -0.29%
CADJPY -0.46%

Today's strongest pair is the Japanese Yen which is gaining pips across all currencies making it an ideal pair to go short.

JPY Strength:

USDJPY -0.28%
EURJPY -0.18%
GBPJPY -0.33%
AUDJPY -0.38%
CHFJPY -0.18%
NZDJPY -0.29%
CADJPY -0.46%

Good luck with your trading!

Trade fechado: stop atingido:

2 trades yesterday, GBPJPY still in profit. For this pair - Stops hit before price continued down. As always we maintain a 2:1 risk reward for our trades.