Dollar Versus Loonie and Yen October 8th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell for most of the session on Friday, but in the end bounced hard to form a hammer. The 0.98 level looks like it is refusing to give up supporting this pair. The market had previously consolidated between the 0.98 and 1.04 handles, and it looks like we could possibly be heading towards.

The USD/JPY pair had a volatile session on Friday, and looks like it is still trying to bounce around between the 79.50 and 77.50 handles. We are getting towards the top of this range, and as a general idea, we would sell signs of weakness. However, all trades in this pair will be short term in duration.

Published on 6th of October 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time