CAD/JPY AnalysisCAD/JPY looks promising here for a buy position.
You guys can take trade and manage your risk accordingly
CADJPY
CAD/JPY Analysis – Key Levels & Market Drivers📉 Bearish Context & Key Resistance Levels:
Major Resistance at 108.32
Price previously rejected from this strong supply zone.
Moving averages (yellow & red lines) are acting as dynamic resistance.
Short-term Resistance at 106.00-107.00
Failed bullish attempt, leading to a strong reversal.
A break above this area is needed to shift momentum bullishly.
📈 Bullish Context & Key Support Levels:
Support at 102.00-101.50 (Demand Zone)
Significant buyer interest in this area.
If the price reaches this zone, a potential bounce could occur.
Deeper Support at 99.00-100.00
If 102.00 fails, the next demand level is in the high 90s, marking a critical long-term support.
📉 Current Market Outlook:
CAD/JPY is in a strong downtrend, consistently making lower highs and lower lows.
The price is testing key support areas, and further movement depends on upcoming economic events.
A potential bounce could occur at 102.00, but failure to hold could trigger further declines toward 99.00.
📰 Fundamental Analysis & Market Drivers
🔹 Bank of Canada (BoC) Interest Rate Decision – March 12, 2025
Expected rate cut from 3.00% to 2.75% → Bearish for CAD.
A dovish stance signals weakness in the Canadian economy, potentially pushing CAD/JPY lower.
If the BoC provides an aggressive rate cut or hints at further easing, the downtrend could continue.
🔹 Japan Current Account (January) – March 7, 2025
Expected at 370B JPY (significantly lower than previous 1077.3B JPY).
A lower-than-expected surplus may weaken JPY, slightly offsetting CAD weakness.
If JPY remains strong despite this data, CAD/JPY could fall further toward 101.50-100.00.
📈 Potential Trading Setups:
🔻 Short Setup (Bearish Bias):
Entry: Below 103.00, confirming further weakness.
Target 1: 102.00
Target 2: 100.00
Stop Loss: Above 104.50 to avoid volatility spikes.
🔼 Long Setup (Bullish Scenario - Retracement Play):
Entry: Strong bullish rejection from 102.00
Target 1: 105.00
Target 2: 108.00
Stop Loss: Below 101.50 to limit downside risk.
📌 Final Thoughts:
The BoC rate decision will likely be bearish for CAD, increasing downward pressure on CAD/JPY.
The Japan Current Account data could provide temporary support for JPY but is unlikely to fully reverse the trend.
102.00-101.50 is a key buying zone, while failure to hold could drive the pair toward 99.00-100.00.
🚨 Key Watch Zones: 102.00 Support & 108.00 Resistance – Strong moves expected!
Potential bullish rise?CAD/JPY has reacted off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement.
Pivot: 103.30
1st Support: 102.36
1st Resistance: 105.36
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CAD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.118 level.
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CADJPY Buy Trade IdeaCADJPY buy trade can be taken above the mentioned area as it's break higher high on 4hrs to target mentioned in the chart.
Manage your risk according to your account size!
CADJPY Short4 hour created a higher lower with a 15 min double top break of neckline, possible continue to the downside. tp prices called
CAD_JPY CORRECTION EXPECTED|LONG|
✅CAD_JPY is going down to retest a horizontal support of 102.815
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 103.793
LONG🚀
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CAD_JPY BEARISH BREAKOUT|SHORT|
✅CAD_JPY is trading in a
Strong downtrend and the
Pair made a bearish breakout
Of the key horizontal level
Of 105.000 so we are bearish
Biased and we will be expecting
A further bearish move down
SHORT🔥
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USD/JPY : Another Bearish Move Ahead ? (READ CAPTION)The USD/JPY daily chart confirms that the price followed our analysis precisely, dropping from the expected zone and completing a 500+ pip correction, hitting all three targets: 152.70, 151.70, and 151, before reaching 148.00.
I anticipate a short upward move before another potential decline. The next probable target for USD/JPY is 148.65. Keep an eye on price action for confirmation!
THE LATEST ANALYSIS :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
CAD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
CAD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 108.562 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the CAD/JPY pair.
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CADJPY SELL SETUPOANDA:CADJPY Overall bias on CADJPPY is bearish. The previous daily candlestick closed below the daily AOI. Price is making a retest at the daily AOI, currently waiting for an entry signal (bearish engulfing) on the 4H or 1H timeframe to go bearish on CADJPY
CADJPY Under Pressure! SELL!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 107.47
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 106.55
My Stop Loss - 108.07
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
CADJPY at Key Support - Potential Buy SetupOANDA:CADJPY has reached a significant demand zone, an area that has previously served as strong support, leading to notable bullish reversals. The current market structure suggests a potential bullish bounce from this zone.
If buyers confirm support at this level, the price could move upward toward the 107.300 level, which serves as a logical target for this setup. Conversely, a failure to hold this demand zone could indicate further downside potential toward lower support levels.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, long lower wicks rejecting the demand zone, or increased buying volume, before considering long positions. Let me know your thoughts or if you have any additional insights!"
CAD-JPY Potential Long! Buy!
Hello,Traders!
CAD-JPY keeps falling
Down and the pair is locally
Oversold so after the price
Hits a horizontal support
Level below at 104.850
We will be expecting a
Local bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
USDCHF Bullish Flag: Breakout Targeting 0.94000USDCHF is currently trading at 0.90200, with a bullish flag pattern forming, signaling a potential breakout toward the 0.94000 target. The bullish flag is a continuation pattern that typically follows a strong upward move, followed by a period of consolidation before the next leg higher. If the price successfully breaks above the flag’s upper trendline, it could trigger a bullish wave, pushing USDCHF toward its next resistance levels.
From a technical perspective, the flag’s consolidation phase suggests temporary indecision in the market. However, as long as the price remains above key support levels and breaks out with strong volume, the bullish momentum is likely to continue. A confirmed breakout above the resistance could provide an entry opportunity for traders aiming for the 0.94000 target.
Fundamentally, the US dollar remains supported by the Federal Reserve’s cautious stance on interest rate cuts. Recent economic data from the US, including inflation figures and labor market strength, have kept the dollar strong against the Swiss franc. Meanwhile, the Swiss National Bank (SNB) maintains a relatively dovish stance, which could further weaken CHF and support the bullish case for USDCHF.
In summary, USDCHF is forming a bullish flag pattern, awaiting a breakout for further upside movement. A strong breakout above the resistance level could trigger a rally toward 0.94000, supported by both technical and fundamental factors. Traders should closely monitor price action and key economic events to confirm the bullish continuation.
SHORT ON CAD/JPYCAD/JPY is currently in its pullback phase seeking liquidity for its next rise up.
I will be selling to the nearest demand level then I will be looking for price to change structure to get in for a buy.
Bearish drop?CAD/JPY is reacting off the pivot and could drop to he 1st support.
Pivot: 107.28
1st Support: 106.21
1st Resistance: 108.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?CAD/JPY is reacting off the pivot and could drop to the 1st support.
Pivot: 107.28
1st Support: 106.21
1st Resistance: 108.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CADJPY LongOn the Hourly TF the price has just broken through the previous Lower High, marking a new Higher High.
Expecting the price to retrace filling in all inefficiencies down to around $106.9 before reversing from an Order Block (OB) and rally to the next OB at $107.4.
If the price can break through $107.4, it is highly probable that the uptrend will continue.
Bullish bounce off 61.8% Fibonacci support?CAD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 106.34
1st Support: 105.40
1st Resistance: 107.26
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Trendline Analysis and Rebound Potential in CAD/JPYThe displayed chart shows the CAD/JPY currency pair on a weekly timeframe with a Heikin Ashi chart. In this analysis, there is a strong upward trendline that has been in place since 2021, currently acting as a dynamic support area. The price is now around the 106.000 level, which is also an important horizontal support zone. From a technical perspective, the price shows potential to rebound from this support area and continue its upward trend.
Identify the main trend—the uptrend remains dominant as the price continues to form higher highs and higher lows overall. Observe the current price structure, where the price is testing a support area reinforced by the ascending trendline. The potential entry area is at the 106.000 level. The upside target is identified around 118.000, based on the nearest resistance visible on the chart.
If the price shows bullish confirmation, such as a reversal candle or increasing volume, the opportunity for a buy entry becomes stronger. However, if the price breaks below the ascending trendline support, a bearish scenario may emerge and should be anticipated.
