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Cad-jpy

Possible Downturn in CADJPYThe CADJPY is still in an uptrend, although it has shown signs of weakening over the past three weeks. This is evident from the converging peaks and the inability to make new highs, as well as the appearance of divergences on momentum indicators. By examining the weekly chart, it is clear that there is a Doji candlestick, while the daily chart shows a bearish engulfing candlestick pattern, indicating strong selling pressure. Looking at the 4-hour timeframe, we can study the movement based on the general direction of the currency, and we can see that the price has formed a triangle pattern, which it is still responding to. We are waiting for the price to retest the upper edge of the triangle as a final attempt to climb before breaking the triangle and heading down towards 99.5. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
CADJPY Potential for Bullish Rise to overlap resistanceLooking at the H4 chart, my overall bias for CADJPY is bullish with the current price being above the Ichimoku cloud, Looking for a buy entry at 100.159, to retest the overlap support and 23.6% Fibonacci line. Stop loss will be at 99.452 where the recent low and overlap support is. Take profit will be at 101.054, where the previous swing high and overlap resistance are. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
CADJPY Potential for Bullish Rise | 27th February 2023Looking at the H4 chart, my overall bias for CADJPY is bullish with the current price being above the Ichimoku cloud , Looking for a buy entry at 100.159, to retest the overlap support and 23.6% Fibonacci line. Stop loss will be at 99.452 where the recent low and overlap support is. Take profit will be at 101.054, where the previous swing high and overlap resistance are. 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.
Long
by Rockqet
Plausible Bullish doubt on CAD/JPYI an able to spot a good trade opportunity on CADJPY, but at the moment, the direction is not very clear, since the pair has been ranging since Monday Open. I keep wating for a nice Trend to join at the top pr bottom. A break above the supply zone would mean Buy for me while a break below the demand zone would mean sell. Both entry will be taken in 15Min TF and i have to see a divergence to support the entry of the trade. You can watchout for either
by Adefxc
2
CADJPY sell Short term Hi All, following on from our last analysis on this pair, we can see price now forming a rising wedge and we have now completed a LH on D1, our bias is still bearish with caution as JPY fundamentally is not in the right path!. With that been said we are looking at buy JPYs in the short term which means we will be bearish other currencies against the JPYs. There's not a lot of correlations but i can see similar patterns across board with the exception of UJ and GJ. Entry and sl marked. Like follow and share. many thanks
Short
by creamygem
CADJPY | Buying Opportunity? Hello Traders! CADJPY - could be a good buy opportunity, the overall bias is bullish, we do have a squeeze at the moment, but I believe the bullish momentum will take this trade further, and once it breaks the resistance this trade has huge potentiall to go much higher. Obviously you can wait for a break of resistance and a pullback which would be a even more solid trading setup, however for those that are not that patient, can enter now and close a portion on resistance to manage risk.
Long
by FX-TradingLions
CADJPY - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes. on H1: Right Chart CADJPY formed a head and shoulders pattern but it is not ready to go yet. 🏹 Trigger => for the bears to take over, we need a momentum candle close below the gray neckline to sell. Meanwhile, until the sell is activated, CADJPY can still trade higher inside the resistance 100 - 101 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
CADJPY Potential for Bullish Rise to overlap resistanceLooking at the H4 chart, my overall bias for CADJPY is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 97.914, where the overlap support is. Stop loss will be at 96.640, where the recent low is. Take profit will be at 99.736, where the overlap resistance is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
CADJPY Potential for Bullish Rise | 13th February 2023Looking at the H4 chart, my overall bias for CADJPY is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 97.914, where the overlap support is. Stop loss will be at 96.640, where the recent low is. Take profit will be at 99.736, where the overlap resistance is. 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.
Long
by Rockqet
CADJPY: Looking to retest ascending trendline & order blockPrice Action is suggesting that CADJPY will continue it's move up to again retest the ascending dynamic trendline that it's been bouncing around since the end of last year. Looking at CADWCU and JPYWCU, CAD is looking bullish to me with a pinbar on the 1D time-frame, JPYWCU on the other hand has broken an ascending trendline (1D) to the downside and has just posted a bearish engulfing candle. I'm positive about JPY long-term because of the way they've handled their economy, limiting inflation without interest rate hikes, and maximising exports (due to the low currency value). We're just not yet seeing the impact of this, due to the higher interest rates that can be earned with other currencies. I'm looking to get in long when I see confirmation on the LTF's, this may mean CADJPY could drop a little with an initial retracement (maybe down to 97.2), this would of course generate a better RR.
Long
by Finchcliffe
CADJPY - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 CADJPY has been overall bullish trading above the blue trendline acting as a non-horizontal support. Moreover, the zone 91.5 - 93.0 is a strong support zone . 📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and trendline in blue. 📉 As per my trading style: As CADJPY approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
11
CADJPY 1D Death Cross but bullish divergence short-termThe CADJPY pair has gone a long way since we caught the perfect sell at the top on our September 20 2022 idea as it hit our 1W MA50 target: The price broke even lower and touched the bottom of the Channel and the Higher Lows trend-line that started on the March 09 2020 Low, and has since been rebounding. As we mentioned on our last analysis, we can expect a sustainable rise only if the RSI breaks above its Lower Highs trend-line. On the long-term the 1D Death Cross formed on December 27, confirms that the trend switched to bearish but on the short-term the 1D RSI Higher Lows since December 05 being a bullish divergence against the Lower Lows of the price, favors a rebound not just to the 1D MA50 (blue trend-line) but also the 1D MA200 (orange trend-line), but again we need the RSI Lower Highs break-out confirmation. If however the pair breaks below the 1W MA100 (red trend-line) earlier, we will resume selling, targeting the 0.5 and 0.618 Fibonacci retracement levels in succession. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
CADJPY waiting for a breakoutCADJPY is in a flag pattern. We are waiting for an escape candle with Propper momentum ether up above 101.212 to continue bullish or below 99.254 to fall bearish. Although a bullish move would be more favorable, the price is in a Demand zone, with a 50 weekly moving average and touching the trend line below. ---------------------- Let us know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
by Candlestick_OB