CADJPY
CADJPY Will Go Lower From Resistance! Sell!
Take a look at our analysis for CADJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 98.863.
Taking into consideration the structure & trend analysis, I believe that the market will reach 98.004 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CADJPY Potential DownsidesHey Traders, in the coming week we are monitoring CADJPY for a selling opportunity around 99.400 zone, CADJPY is trading in an uptrend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 98.4 resistance zone. We would also consider potential JPY strength as there are expectations about major changes in BoJ monetary policy.
Trade safe, Joe.
✅TS ❕ CADJPY: above the range✅✅ CADJPY is moving in an uptrend.
The chart has fixed itself above the range.
The price will continue to rise.✅
🚀 BUY scenario: long to 98.91.
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CAD/JPY Made Inverted H&S , Scalping Long Setup Available This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADJPY Seen In A Fifth Wave-Time For A Rally? With crude trading at support, with inflation in Japan coming down to 3.3%, with XXX/JPY pairs seen in oversold/extended structures, with a wedge on USDJPY, with five waves down on CADJPY I think it can be time for some recovery. Stocks also hold support for now.
CAD/JPY: short squeze to $95.14 JPYCanadian Dollar/Yen Japanese find up a resistance zone in the price that may to develop a drop that will extend to the $95.14 JPY. We forming a lower low using this downtrend line in H1 timeframe
Meanwhile, we have a nice setup that CAD/JPY forming a possible bullish rising wedge what we can to short now to $95.14 JPY and then entry to the bought zone in those level to following this model what I draw here.
I hope that this idea going to support you to short CAD/JPY in Forex market in this week.
Good luck!!!