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Cadjpyanalysis

CADJPY - LongHello dear traders. My view on cad jpy for the coming week is that it will buy at the retest level of the grey color - 4 H area of resistance which is being checked as support.The overall weekly trend is bullish. On 19 of October important CAD news will be releashed with positive forecast. If the forecast is met, the scenario will take place easily. JPY is under bearish bias for a long time and negative Trade of Balance and Inflation Rate for Japan will put buying pressure on this pair if continue to depreceate the Yen. However, we must take into account that we are approaching daily supply zone. This supply zone is my target with different layered Take profit levels on the way to it. I have pointed out the 4H 0.382 Fib level retracement (two blue lines) indicating a deeper retracment which is good for entry too. This scenario will be invalid in case of support level of 104.7 plus the violation of ascending trendline, which will indicate for me a short momentum. For now, it seems early to enter any sell, ' cause I see the bigger picture as a potential buy - still margin for the price to buy back up. Waiting for your analysis on comments. Good luck!
Long
by The_Forex_Path
CADJPY LONG with 4x price action reasons to buy. List of confluences: 1. Trendline breakout 2: Higher highs and Higher lows being created 3: Key level breakout 4: Several pin bars candles CADJPY is currently in a strong uptrend when we look at the bigger picture trend so we will be only looking for buying opportunities. When looking at the daily chart we can see that price has broken a recent counter trend line which signals the potential end of a pull back. This is followed by bullish market structure as price continues to create higher highs and higher lows. We can also see a key level breakout and retest. This is further supported by several pin bar candles formed in the direction of the bigger picture trend and around our areas of interest which include key level area, the trendline breakout and the most recent higher low.
Long
by NDOBObanks
CADJPY PLAN!Hello traders around the world! Lets talk about CADJPY. First of all, on the higher time frame (Weekly) we can clearly see that the price reached a mass psychology at 106.580. Currently, the price is ranging between 106.000 & 110.000. This is clearly an area for short positions. (First confirmation) On the daily chart, we have an ascending channel signaling a downside gravity (Second confirmation). Where are the areas to take short positions? The areas for shorts on CADJPY are: (Third confirmation) 1) The high of the middle section @ 110.528 forming a double top &/OR 1H reversal pattern as a combination. 2) The high key area (on the upper TL) @ 112.200 We must be waiting for reversals in these two areas and execute properly without having the fear of missing out. Patience is key. #THEPRIMES
Short
by alex_k_95
CADJPY possible buy zone!!CADJPY on the lower timeframe has formed a bullish price action after multiple liquidity grab from support. Long-term price is highly bullish including monthly, weekly, and daily price action is bullish. As news coming later today, there is a high probability for the price to have a spike, and on the test of the long trend line, we could potentially see a rise from this support. Upon price action confirmation, a buy trade is a high probability. Press the like button if you enjoy this content :)
Long
by ForexWizard01
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently being BUY very well due to the current MARKET SENTIMENT. So CAD automatically went up. And as expected, a JPY WEAKNESS came in the last few weeks. This was because the Bank of Japan did not continue to intervene to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. - Currently, the price of OIL is rising very fast. Due to this reason, CAD was BUY very fast before. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is becoming a bit BUY. - Definitely CADJPY should be slightly DOWN until 106.599 LEVEL. After that, the possibility of moving to 110.068 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall
1
CadJpy- Where to sell?The long-term trend for CadJpy is up for quite some time and although I don't expect this to change soon, at this moment a deeper correction could follow. The recent break above 108 is a false one and this can lead to a break down of the trend line support. 108 remains strong resistance and in this zone, traders should look for selling opportunities. As a target, the horizontal 102 level can serve as a target and a break above 110 negates this scenario.
Short
by Mihai_Iacob
1
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - At this point, CADJPY is selling very well due to the current MARKET SENTIMENT. So CAD automatically went down. And unexpectedly, a JPY STRONG came in the last few days. This was because the Bank of Japan intervened to strengthen the JPY. In the meantime, CAD has become very weak in the last few days because the price of OIL has gone down. - But after that the price of OIL went down very fast. Due to this reason CAD was sold very fast before. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is getting a bit SELL. - Currently, the MARKET is slightly RISK OFF, JPY is going UP, therefore, CADJPY is being SELL. - Definitely CADJPY should be slightly DOWN until 104.60 LEVEL. After that, the possibility of moving to 110.06 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall