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Cad-jpy

CAD/JPY – Bears are eyeing a break below 81.000The CAD/JPY on the hourly time frame has been following a downtrend recently. The price dipped below the key level of 82.000 on 19 November to reach the lowest level of the period under study at 81.279. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. As of writing, the price is hovering around 81.575 with negative MACD and price below 200-period simple moving average. Bears are eyeing a break below the 81.000 mark. The hourly chart of the CAD/JPY confirms the negative sentiment in the price movement as the currency pair is making successively lower tops and lower bottoms. By applying Oscillators Analysis, all three indicators confirm the negative bias in the market. As the chart shows, price is below the 200-period Simple Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values below the zero-line which shows negative sentiment in the currency pair. RSI (Relative Strength Index) showing values below 50 which supports the bearish sentiment. An alternative scenario, key resistance level lies at 82.530. Bulls must break this level in order to regain bullish sentiment in the market.
Short
by FXTM
CAD/JPY - A nice LONG direction setup*** DISCLAIMER *** Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. **************************** At the moment we are in the lower bound of a 7 months old channel. Now, there is a nice long direction setup with also a nice R:R, so if I will see a bullish pattern as confirmation, I'll go long.
Long
by Logical_Knight
1
CADJPY - FOREX - 18. NOVE. 2019Welcome to our weekly trade setup ( CADJPY )! - 1 HOUR Bullish price action and pressure. 4 HOUR Bearish waving market structure with a pullback. DAILY Looking for another push to the downsite, great short entries now! - FOREX SETUP SELL CADJPY 1ST ENTRY @ 82.230 (Wait for trigger) 2ND ENTRY @ 82.390 SL @ 82.680 TP @ 81.740 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
15
Will Harmonic Still Be Respected?Some good moves happened with CADJPY, so going over this a little more. Right now, we wanna see if this bullish harmonic will remain respected all the way to the monthly at least. Or, now that price has gotten to the mid-level of the harmonic, will it turnaround and continue to the trendline where a daily level resides. As you can see, a trendline sits there in the waiting. If it can break that trendline, that'll be a nice dropdown. If it bounces off, the bull rally continues. BEAR TPS: • 82.239 • 81.905 • 81.638 • 81.464 • New tps announced if the trendline and daily SR level are broken. BULL TPS: • 82.719 • 83.230 • 83.598
by NikaJourney