Get started

Cadjpyforecast

CAD/JPY Sell Opportunity as long as below 91.80 CAD/JPY is hovering nearly to its trendline resistance zone. CAD is a bit strong enough against most of the major currencies. But JPY is considered a safe-haven asset, and we should not forget it. And technically, many times, CAD/JPY dropped from the trendline resistance level. So, I am expecting this also CAD/JPY can drop from the trendline resistance zone to 89.89 (Trendline support). Last week CAD/JPY bounced from the trendline support zone of 89.25. SO, as long as CAD/JPY is unable to break below 89.25, it may not go in long-term sell as well. But if CAD/JPY breaks below the trendline support level of 89.25, we will see more downside pressure in CAD/JPY. Breaking below 89.25, our first target to the downside is 87.87, and breaking below 87.87 will open the door for a solid support zone of 85.70 price zone.
Short
by Gold_Trading_Expert
CAD/JPY Sell: Wait for a break below the trendline Support During the Asian season, Putin ordered to attack Ukraine. Ukraine says that Kyiv is under attack from the cruise and ballistic missiles. So, safe-haven JPY will dominate all currencies and especially commodities currencies. CAD/JPY are at risk of dropping more and more. So, let's check out my CADJPY chart. CAD/JPY Sell 89.30 One More Sell Limit @ 90.00 Stop-loss above 91.80 Target zone 87.90 Target Zone 2: 85.70
Short
by Gold_Trading_Expert
Short term growth for higher probability SELL setupHi Traders, CADJPY has been showing some short term bullish price action which the previous correction developed into a Pennant structure which price broke out now developing another continuation. Personally I will wait for a few more swing highs and swing lows to form to give the momentum for a short term rise to give us a higher probability sell in the near future. Please support me by clicking the like button if this idea helps you. I would love to hear your view on this pair. Post a comment below. Trade safe!
Short
by ktlfx
EWT: CADJPY Preparing for 93.84Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)). Wave Formations: Wave ((1)) - Leading diagonal - Formed on extreme low - Termination sub-wave 5 is smaller than 3 Wave ((2)) - Zigzag - 50% of wave ((1)) - Ended near the sub-wave 4 of an impulsive wave. Wave ((3)) - Impulse (Five wave move) - Extended 2.618% of wave 1 Wave ((4)) - Running triangle/running flat - 38.2% of wave ((3)) - Ended above wave (b) Wave ((5)) - Wave ((1)) was a leading diagonal, so wave ((5)) can't form as a diagonal. It will be an impulsive wave. - Wave 3 can end near 161.8% of the 4th wave at 93.492. - Wave 1= Wave 5 at 93.765 - Wave 5 can complete after touching the parallel channel at 93.849. We can expect the following targets: 91.46-92.29-93.849
Long
by forextidings
7