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Cadjpyforecast

CADJPY : Current Situation & Technical , Fundamental View#CADJPY Due to MARKET RISK OFF, CADJPY is going down a bit. We expect CADJPY to go UP again. Either way, that price can retrace to the CADJPY MAIN TRENDLINE. After that you can go DOWNSIDE the MARKET. The reason for that may be due to the fall in OIL PRICES. You can definitely buy at the CADJPY 104.90 level. For that, MARKET RISK should be ON SHORT TERM. But we can sell CADJPY up to 100.00 LEVEL according to the STRUCTURE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to MARKET SENTIMENT.
by benny_marshall
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS- GBP FEATURE currently stands at 1.2608 LEVEL. Also the JPY FEATURE stays at 0.0077 LEVEL. GBPJPY PRICE is moving higher than DYNAMIC S / R LEVELS. So most of the time the PRICE can be a bit UP ahead. But the MARKET SENTIMENT must be POSITIVE if you want to BUY GBPJPY. - STOCKS are currently DOWN. And VIX is becoming DOWN. COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status is heavy. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD. - GBPJPY PRICE can be UP to 164.988 LEVEL before DOWN. Then you can BREAK the TREND LINE and DOWN to 157.611 LEVEL. Focus on breaking the TREND LINE. The VIX INDEX is also special.
by benny_marshall
CADJPYThe Canadian dollar bounced on Wednesday at the ¥99 level, an area that should capture a lot of attention because it has historically been very important. Furthermore, we had initially seen a major push lower when we pierced that level for the first time, so now that we have pulled back to retest this area, a bit of buying pressure would make quite a bit of sense. At this point, it could come down to the oil market perhaps driving the Canadian dollar higher, or it may just simply be all about the Japanese yen. After all, the Bank of Japan continues to do everything it can to drive down yields, and this means that they are essentially “printing yen.” That works against the value of the currency, and this has been reflected in the markets over the last several weeks. That being said, we had gotten overdone, and this massive pullback has made a certain amount of sense. That pullback allows for people to pick up the trade at lower levels, which is certainly something that looks like we are going to do. Unless the Bank of Japan suddenly changes its attitude, it is difficult to imagine a scenario where we would see the Japanese yen recover for a longer-term move. Even if we break down below the ¥99 level, I see a lot of support all the way down to at least ¥97, so therefore it is probably only a matter of time before the market bounces. The market is obviously in a bullish move and as a result, I have no interest in trying to short this market until we break down below the 50-day EMA at the very least. If crude oil starts to rally, then that will more likely than not supercharge this pair, because Canada being a major exporter of oil and Japan importing all of its oil sets up almost perfectly. Because of this, this is a market that I will be paying close attention to, as it looks like oil is trying to support itself again. A move to the highs would make sense, which is near the ¥103 level. Shorting is impossible at this point, but if we do see another breakdown in the yen-related pairs, this might be one worth exploring.
Long
by SmoothJB
CADJPY : Current Situation & Technical , Fundamental View- INDICATOR DATA CORE RETAIL SALES, RETAIL SALES are to be released today especially for the Canadian Dollar. There is no significant news release for the Japanese YEN today. Because of this, if there is any change in the price of oil for CAD, it could have an impact on the Canadian dollar. - The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CAPJPY BUY NOT BE WITHOUT VIX DOWN BY THE JAPANY YEN is also slightly up UP at the moment. For these reasons, the CADJPY price may fall further. - CAD FEATURE is currently at 0.7914 LEVEL. Also the JPY FEATURE stays at 0.0078 LEVEL. CADJPY PRICE is located on DYNAMIC S / R LEVELS. So most likely the PRICE can be UP again SHORT TERM. - Currently STOCKS are getting somewhat DOWN. And VIX is getting a bit UP. Also COMMODITIES OVERALL DOWN. It's something special. Also BONDS PRICES are a bit GREEN. Also BONDS SPREADS are DOWN. There is currently no CLEAR DIRECTION in the MARKET. Maybe today's Friday because it's MARKETS CORRECTION. Currently the market has a NEUTRAL BIAS. - CADJPY PRICE can be DOWN to DYNAMIC LEVEL before UP. Then you can UP to 103.950 LEVEL. There is not much important news for the Japanese YEN today but the RETAIL SALES DATA for the CAD is about to be released. According to the MARKET SENTIMENT, the CADJPY price may move slightly lower. Stay tuned for VIX and OIL PRICES.
by benny_marshall