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TuHoang has taken 3rd place in Live FX Trader Contest Jun 2019, week 2

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EURcad

Today, after the eurcad broke through the important resistance at 1.6030 to 1.6070, the turn down in the US session. Looking at H4, the current eurcad is at 1.5930, out of the H4 trendline and below the strong resistance of H4 at 1.6030. As such, the buying pressure has weakened and the selling pressure has strengthened. Sell ​​when the price is about 1.6020
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USDjpy

The rapid appreciation of the yen since early 2018 has made it one of the best performing currencies so far. Usdjpy has dropped more than 700 pips from 113.20 to 105.50 and is also the strong support and resistance level of W1. The strength of the yen, if sustainable, could also reduce prices and derail Japan's efforts to reach the 2% inflation target, which could lead to intervention by policy makers. . Buy when the price of 105.30
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