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CADJPY

CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
CadJpy could drop to support levelSince mid-July, CadJpy has been trading inside an ascending triangle with price congestion in the last 3 weeks. Ascending triangles are usually continuation patterns and considering the up trend of the pair, this could be the case also now. However, a break under the support line could lead to a steep dive to important support at 102. In my opinion, even if we have a break above the triangle's resistance, this will be a false one. In conclusion, I'm looking to sell, either after the false break (if will be the case), or after the break of the ascending trend line down break.
Short
by Mihai_Iacob
15
CADJPY: The Thrilling Tale of Bulls, Flags, and Double Bottoms!The Epic Preamble Ladies and gents, forex warriors, and chart whisperers, gather around! We've got a thriller unfolding in the grand arena of currency gladiators: the CADJPY pair! Yep, that's the Canadian Dollar squaring off against the Japanese Yen. Since the 15th of August, they've been dancing in a tight ring, neither gaining the upper hand—until now! The Plot Thickens: Enter the Double Bottom! Imagine the suspense in a James Bond movie when 007's trapped but finds a secret escape hatch at the last moment. That, my friends, is the CADJPY's Double Bottom Formation—a bullish signal that says, "Not today, sellers!" It's like a trampoline at the base of our range; the price bounces but doesn't break through. The Bullish Flag: A Plot Twist We've Been Waiting For The latest chapter in our epic saga features a glorious Bullish Flag! This wasn't just any flag; it was the Gandalf of flags, standing firm and saying, "You shall not pass!" for 21 tantalizing days. But wait, there's a twist—the flag has been shattered, and the bulls are running free! With a whopping 3.9 million USD traded during its formation, you can bet this flag was the real deal. The Funda-Mental Supporting Cast Now, no epic is complete without a compelling backstory: The Canadian Chronicles: GDP figures in Canada are soaring like an eagle with a jetpack! Employment rates are holding steady like a lumberjack on a log. The Land of the Rising Sun: Japan, known for its Samurai and sushi, isn't doing its currency any favours with an ultra-loose monetary policy. Risk-on Showtime: The world seems to be in a mood for adventure, ditching safe havens like the Yen for more daring escapades with the Loonie (that's slang for the Canadian Dollar, eh!). Strategy: No Room for Weak Knees! Alright, thrill-seekers, we expect this epic tale to take a joyous turn for the Loonie. If you're in this rodeo, get ready for a wild ride upwards! But beware, young squire, dragons still lurk in the forest of financial markets. Any slips, trips, or dips should be your cue to manage those positions like you're juggling flaming torches. Use those stop-loss orders like a knight uses a shield! Roll Credits There you have it—a full-on drama, comedy, and action-packed saga all rolled into one currency pair! But remember, while we might jest and jape, trading currencies is a serious business, fraught with peril and risks. Always do your due diligence, or consult your financial Gandalf before making any moves. And that's a wrap, folks! Stay tuned for the next gripping episode in the CADJPY universe! 🎬🍿
Long
by TFLOfficial
1
CADJPY, Massive Ascending-Triangle, BREAKOUT Incoming!Hello There! Welcome to my analysis about CADJPY on the 6-hour timeframe perspectives. Within the recent times CADJPY is forming a important formation that is likely to convert into a major bearish breakout to emerge in the next upcoming times especially when huge bearish volumes move in here and accelerate the trend-turning-dynamics to the downside this is a highly likely scenario to be expect next. When looking at my chart CADJPY is forming there this paramount Descending-Channel-Formation in which CADJPY has several massive resistances within the structure firstly overly determined by the Descending-Resistance-Boundary within the Upper-Boundary of the channel formation. Furthermore, CADJPY is now completing the wave-count within the Ascending-Triangle-Formation which is pointing to a final breakout below the lower boundary to emerge in the near terms. With a final breakout below the lower boundary CADJPY is going to setup the final continuation-origin-setup to continue into the lower spheres of the chart and accelerate heavy bearish momentum into these directions. Once CADJPY has broken out below the 65-EMA as well as the 200-EMA marked in my chart this will be a trigger for more massive and overly bearish momentum moving in to increase the bearish continuation. Once the final targets marked in my chart have been reached it has to be determined how CADJPY continues from there on because especially when CADJPY continues with massive increased bearish momentum there is a high possibility given that CADJPY just continues into this direction and accelerates further bearish determinations. Otherwise when this is not the case and CADJPY manages to recover within this zone there is a possibility that CADJPY reverses in this zone. These determinations need to be assessed when the price-action developed here. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
10
CADJPY 1-Hour Analysis Hey traders! 👋 Let's dive into a technical analysis of CADJPY on the 1-hour chart. We've got some interesting insights to share! 📊 **Analysis** 📊 - **Time Frame:** 1 Hour - **Overall Trend:** Sideways - **Divergence:** None - **Trend Patterns:** None - **Reversal Patterns:** None Based on our analysis, we've identified potential buy and sell stop setups. Here are the details: **Buy Stop Trade Plan** 📈 - **Entry:** 107.938 - **Stop Loss:** 107.828 - **Take Profit:** 108.047 **Sell Stop Trade Plan** 📉 - **Entry:** 107.576 - **Stop Loss:** 107.654 - **Take Profit:** 107.498 📊 **Trade Rationale** 📊 The CADJPY pair is currently in a sideways trend with no clear divergence or trend continuation/reversal patterns. We're looking for potential breakout opportunities. 💡 **Investment Advice** 💡 Please remember that trading carries risks, and it's essential to manage your risk accordingly. Make sure to set stop-loss orders and only invest what you can afford to lose. Also, consider diversifying your portfolio to minimize risk. This analysis is for educational and informational purposes only. It's crucial to conduct your research and, if possible, consult with a financial advisor before making any trading decisions. Stay tuned for updates, and happy trading! 🚀💰 #ForexTrading #TradingStrategy #InvestWisely
by T-Q
CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
💱 CADJPY - An ascending triangle has been forming for a month CADJPY is gaining a strong resistance area of 108.000. Price continues to test the resistance in an ascending triangle format over the month. TA on the high timeframe: 1) We see an interesting pattern: a limit resistance level in the 108.000 area and a gradual pushing of the price towards this area 2) Minimums that are not updated, but growing. 3) Buyers have their own plan and continue to retest the resistance area. TA on the low timeframe: 1) The ascending triangle and frequent resistance level retests speak for themselves 2) The 108 level separates the market from a strong and sustained upward move. 3) Price may make a false breakdown of support and start testing the resistance area again. Key support📉: rising line, 107.087 Key resistance📈: 108.123
Long
by AndeWave
11
CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
CAD/JPY - 4hrs ( buy Trade After Break / Tp Range 240 PIP ) Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ❗️ Long After Break 108.000 ) Type : Mid Term Swing —————————— Bullish Break 108.000 Area Reasons - Major Turn level / w - Visible Range lvn - choch Area - Day / week High Break - fixed Range value Bearish Reversal 110.300 Area Reasons - Major Turn level - visible range / D Hvn - Pattern Target - Quarter's Area
Long
by GentleGoldenEngine
CADJPY - 4hrs ( Sell Trade Target Range 240 PIP ) Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ❗️ Short ) Type : Mid Term Swing —————————— Bearish Break 107.000 Area Reasons - Major Turn level / W - Visible Range hvn - CHoch Area - Fixed lvn - Day / week low Bullish Reversal 104.700 area Reasons - Major Turn level - Visible Range lvn - Liquidity Zone - Fibo Golden - Pattern Target
Short
by GentleGoldenEngine