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Cad-jpy

CADJPY approaching resistance, potential for reversal | 23 JuneCADJPY approaching 78.6% Fibonacci retracement level which also finds confluence with graphical overlap resistance. An intraday drop below our entry at 90.094 towards our target at 89.303 and 38.2% Fibonacci retracement could be possible. Stochastic is testing resistance where price pulled back lower in the past as well. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
3
CADJPY, Short Opportunity 1:7 with opportunities to add on.Good morning ladies & gents, Great day to be engaging in CJ today. We have high impact CAD news @ 1:30pm and 11:30pm BST. This means what? It means that CAD will be an extremely volatile pair today and also the most highly manipulated one also. I'm interesting in taking this long, the first TP is where all retail sell's stop losses are placed. After breaking out of the channel & retesting it, they're all short from the retest with a stop above or at breakeven. This is a high volume area that makes an easy spot for TP IF CJ moves higher. 2nd TP is the High of the D1 Trading Range. Final TP is the Monthly Equal Highs, again - an area where a ton of retailers will have buy stops, so it makes it an easy place for me to get out of my buys @ the bottom as I've got retail orders to pair with at the top. Let's see how the day pans out. Trade small & always manage risk. I've got alternative scenarios that I know can play out if price breaks the H4 Lows & hits my stop loss. I'm prepared to switch my bias on CJ and look for shorts with predetermined objectives in mind. Hence, you should trade with respect to the markets & be flexible w/ your expectations. Good luck. - AmplaFX
Long
by Jiraiya_eth
CADJPY approaching descending trendline, potential for reversal!Price is holding below both the descending trendline and moving average resistances, showing signs of bearish pressure in line with our analysis. We could see a reversal at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance, and further drop towards 1st support, in line with 100% Fibonacci extension and horizontal swing low support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
💡Don't miss the great sell opportunity in CADJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (90.90). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 43. Take Profits: TP1= @ 90.45 TP2= @ 90.25 TP3= @ 90.10 TP4= @ 89.90 TP5= @ 89.70 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
8
💡Don't miss the great sell opportunity in CADJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (90.90). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 43. Take Profits: TP1= @ 90.45 TP2= @ 90.25 TP3= @ 90.10 TP4= @ 89.90 TP5= @ 89.70 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
7
CADJPY facing bearish pressure | 7th June 2021Price is facing bearish pressure from 61.8% Fibonacci extension and 78.6% Fibonacci retracement Fibonacci confluence area. Prices might push down towards horizontal pullback support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . If prices push up, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement . EMA is also above prices, showing a bearish pressure for prices. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
1
CADJPY facing bearish pressure, potential for further downside!Prices are facing bearish pressure from 127.2% Fibonacci retracement and -27.2% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 100% Fibonacci extension and 50% Fibonacci retracement . If prices push up, prices might face resistance from 161.8% Fibonacci retracement and -61.8% Fibonacci retracement . Stochastics is approaching resistance from 94.42 level, potential for push down. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.
Short
by FXCM
SELL CADJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price broke its TRENDLINE SUPPORT and also done its RETEST. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Short
by Ryan_lopes
4
Don't miss the great sell opportunity in CADJPY Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (90.521). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 89.805 TP2= @ 89.182 TP3= @ 88.420 TP4= @ 87.815 TP5= @ 87.191 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
💡Don't miss the great sell opportunity in CADJPY Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (90.521). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 89.805 TP2= @ 89.182 TP3= @ 88.420 TP4= @ 87.815 TP5= @ 87.191 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
8
CADJPY Can We Expect A Bearish Move here Hello everyone: CADJPY also is on my watchlist to look for a potential sell opportunity. We can see price has pushed up from the expanding correction, but is not showing us a strong bullish price action. Instead price is rather corrective and within an ascending channel correction. From the HTF we know there is a potential double tops that the price is currently at, and all these lower time frame price action is indicating to us a potential bearish reversal could happen. To confirm the downside move, first let the correction completes first, and wait for strong bearish breakout and a bearish continuation correction to form and look for sell entry down. Thank you
Short
by jojofang0901
29
COT CURRENCY REPORTAUD, NZD & CAD: No surprise for the CAD to see the biggest net long positioning change among the majors, moving into second place below the EUR. The fundamental outlook for the CAD remains intact after the BOC’s recent hawkish tilt. However, it seems like the BOC has taken notice of the rapid CAD appreciation and have fired a warning shot last week and given the markets an indication that USDCAD is approaching levels that could impact export competitiveness. Even though this doesn’t change the bullish outlook, it does pose a risk in the med-term. For the AUD, the focus in the week ahead will turn to jobs data but also the Iron Ore prices. After a stellar run to the upside, it seems that China has finally stepped in to try and cool down the meteoric rise by banning steelmakers in Tangshan City (14% of China’s steel production) from fabricating or spreading price-hike information. The move worked as Iron Ore prices took a tumble, but it’s worth noting that both Iron Ore and Copper saw some profit taking and overdue mean reversion earlier last week as well. With strong trends like these, seeing some pullback is to be expected, and as such they will be sensitive to potential bigger price reactions on news like this. For now, the med-term bias for the AUD remains intact, but this is something to keep in mind as a substantial correction in Iron Ore is expected to weigh on the Antipodean currency. JPY, CHF & USD: US 10-Year Yields and US Real Yields remain the biggest focus for the USD and the JPY. After the big beat in US CPI, we saw US10Y resume its med-term uptrend, and saw USDJPY push higher as well. As long as US10Y remains firm, we would expect that to put more upside downward pressure on JPY. As for the USD, a key focus point right now is real yields. A move higher in nominal 10-year yields will not be a lot of help for the reflation-battered Dollar if real yields continue to stay suppressed. GBP: The bullish bias for Sterling remains intact. Recent data has made it clear that the economic recovery is well underway, and markets are looking towards this week’s economic data to confirm that view. The wild card to track in the week ahead is the virus situation as new cases of the Indian variant has been a concern. PM Johnson warned on Friday that the variant could pose a challenge to their reopening plans. For now, everything seems under control, but this is a development to keep close track of. EUR: Still the biggest net-long position among the majors. There are still issues surrounding the fundamental outlook for the single currency, but despite that the EUR has remained very well supported over the past few weeks as the Dollar has continued to lose favour and as market participants look towards a fast economic rebound once the vaccination efforts allow the EU to lift lockdown restrictions. If the EU can reach some of the targets it has set itself then we could well see a faster recovery playing out in the EU. However, when we compare that potential recovery in terms of growth or inflation differentials or compare the policy response between the US and UK or compare policy normalization expectations it seems the EU is still lagging behind the US and the UK. For that reason, we are staying patient with our med-term bearish view on the EUR for now and will wait for more information on the vaccine and data front before we change our mind. *This report reflects the COT data updated until 11 May 2021.
by thunderpips
1