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Cad-jpy

CAD/JPY – Price eyeing 84.000 The CAD/JPY on the hourly time frame has been following an uptrend recently. The price jumped above the key level of 83.500 on 29 October to reach the highest level of period under study at 83.564. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent strength in the Canadian Dollar. As of writing, the price is hovering around 83.480 with positive MACD and price above 200 period simple moving average. The hourly chart of the CAD/JPY confirms the positive sentiment in the price movement as the currency pair is making successively higher tops and higher bottoms. By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is above the 200-period Simple Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the currency pair. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment. In alternative scenario, key support level lies at 82.453. Bears must break this level in order to regain bearish sentiment in the market.
Long
by FXTM
1
CADJPY - Bearish Trend ContinuationPAIR IN FOCUS: CADJPY ACTION: SHORT Observing for a retrace of price to the nearest support/resistance level, reject it, and continue its downward trajectory. A retrace would provide better R:R for any trades. The Entry Zone encompasses nearest support/resistance level that coincides with Fibonacci Retracement levels (i.e. 38.2, 50 and 61.8). TP Level is a strong support level where price had been ranging and supported. The Entry Zone, TP level and Stop Loss have been indicated on the chart. Feel free to leave comments and discuss your analysis with me.
Short
by TraderMozo
2
RSI Divergence signals on Yen pairs PAIRS IN FOCUS: USDJPY, EURJPY & CADJPY ACTION: SHORT HORIZON: SHORT-TERM Here are some BEARISH RSI divergence signals that just appeared on several Yen pairs: USDJPY, EURJPY and CADJPY. As per my previous ideas on RSI (link will be attached), we can expect a short-term correction in prices. The arrow in PURPLE is by no means a definite target for your TP. Determining your own TP and SL is important, and whether this kind of signal (RSI divergence) is something you would include in your trading strategy.
Short
by TraderMozo
2
CAD/JPY – Bearish outlook is strong The CAD/JPY currency pair on the hourly time frame has been following a downtrend recently. The price dipped below 80.500 on 02 October to reach the lowest level of period under study at 80.275. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent weakness in the Canadian Dollar. As of writing, the price is hovering around 80.385 with negative MACD and price below 200 period simple moving average. 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. In alternative scenario, key resistance level lies at 81.842. Bulls must break this level in order to regain bullish sentiment in the market.
Short
by FXTM
AGE OF CURRENCY WAR The entire industrialized world is engaged in a form of economic warfare known as inflation. The idea being that if you can make your currency less valuable it makes your export more attractive for the foreign nations than if your currency was more expensive. So this has to do with fluctuations in currency prices. What you can buy stuff for in your country versus what you can buy stuff for in my country. The more inflation we cause, the more attractive our exports become to other countries. If you managed to destroy your economy through regulations, through taxation, through bad management and bad government and you don't really know how to create economic growth to pay for all the special welfare programs like UBI. If you don't have a way to do that through an actual growth, because you hamstrung your economy, how can you get more growth??? The way they do it is through currency inflation. So every industrialized nation in the world has figured this out. Now they all fighting a battle to make their currency as cheap as possible so their exports could be more attractive. How to create inflation? Well they reduce interest rates, making bonds less expensive, and then they end up issuing a lot of debt and printing a lot of money. They put money into circulation and they incentivize consumption. They put extra trillions of dollars into circulation because they know people will spend each penny every single year. It is gonna create a lot of inflation. They go further. What we see now is governments reducing its interest rates to negative.So if interest rates are negative it is no more reasonable to save money because it is costing you money to just put them in the bank. If saving money costs you, so you should spend your money as fast as you can and that is what these countries are doing. They are offering things like: negative interest rates on the mortgage to buy a house in Scandic nations. They are trying to stimulate a massive amount of consumption to pay you so you consume. In the beginning, it sounds like a great idea to you because you can purchase a 100000 home for 95000 by the time you done paying it because you have a negative interest rate. Over the long term though this is going to destroy an economy because it denies a very simple truth about the time value of money, about the way economics works. If they are manipulating the system for short term benefits it will end up crashing us. If interest rate is a price of money just think about it: if someone is paying you to take money from them, what does it tell you about future value of this money??? I will stop here. I will be happy to know your thoughts on a current situation. Feel free to share in a comment section.
TVC:EXYShort
by VasilyTrader
27
CAD/JPY Fundamental : Canadian are having an election October 21 that could lead to a weak dollar and Japan have just close a trade agreement with United states that will surely advantage the yen. Technical : I'am seeing a huge short opportunity on the CAD/JPY pair, I have use the Fib Channel to determine that the short therm uptrend could revers and follow the long therm trend. I've personally enter this position at 81.800 (blue line) where the trend line and the 150 EMA have joint, I haven't put a stop loss but I've put alert 10, 20 and 30 pips higher to make sure that the downtrend is not broke. One of my take profit is 250 pips lower that I think will be touch in the next to days where the Level 0.618 of Fib Retracement cross the 0.236 line of the Fib Channel Remember, before investing, you should always make your own opinion, this analysis is only my personal point of view and is not a investissent advice.
Short
by Le_Joseph_LHeureux
1