CADJPY Ripe for Another Bullish LegHello fellow risk-takers.
CADJPY has been in rather a choppy bearish consolidation and difficult to short for interested sellers.
This consolidation seems about over as overall demand has now picked up. Another rally is in the offing.
This rally is likely to be swift and decisive going up.
Watch out & take care.
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* This information is presented for entertainment only and shouldn't be construed as investment advice.
Cadjpylong
CADJPY ANALYSISOn this pair we see a possible break either to the downside following this downtrend and breaking the support at 86.6, creating a big support break, or we can break this downtrend and break the 87.6 resistance, if we see a confirmation either to the upside or the downside we have alot of potential entries for both this trades so wait for confirmation from the breaks and then enter the trades at the desired price.
CADJPY - Bullish BiasCAD - Weak Bullish
1️⃣ Rising crude oil prices, in addition to a risk-on market environment can support the strength of CAD.
JPY - Strong Bearish
1️⃣ Positive markets put pressure on safe-haven currencies like the JPY.
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Technical
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We are buying the CADJPY after it fails to break support level and bounced back.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
CAD/JPY New Long Setup After Confirmation To Catch 100 Pips !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
Long-term The Canadian dollar picks up momentum as oil precise stays above $67.00. “Canada is headed for a federal election on 20 September. Historically, political developments hardly impact CAD which is more inclined to react to global macro metrics in the likes of commodity prices and terms of trade.”
The price has already retested support on an hourly basis, so there is every chance that the horse may have already bolted, (but buying at resistance is never a favourable strategy).
Waiting for opportunities in good price. on a retest of the support structure 86.60 and 85.50-85.75 area, bulls can target the daily liquidity area near 88.20-88.45.
Cad/Jpy Sell OpportunityCadJpy is in a downtrend and moved up a little higher than expected but a new wave down is expected now!!!
So I'm expecting a lower low and my TCP is the trend line at the bottom!!!! I have another take profit area below this. This is a swing trade idea that will take a few weeks to complete! If you trade it , you gotta be patient!
CADJPY - Bullish BiasCAD - Strong Bullish
1️⃣ CAD benefited from the surge in WTI crude oil prices and the positive market environment.
JPY - Strong Bearish
1️⃣ The recovery in the stock market is pressing demand on the safe-haven currency JPY.
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Technical
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We are buying the CADJPY after it failed to break and bounced back at support levels.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
CAD/JPY New Long Setup After Daily Closure To Catch 200 Pips !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 ANALYSISMarket is looking to test the resistance at 87.1 again after testing it and rejecting, if this resistance holds one more time we can expect the price to go at least to 85.5 or look to create some lower lows if it breaks that level. If price does break resistance we can expect to test the levels of 88.5 one more time. Both situations have some very good trades to be made, we just need to see how the market will react.
CADJPY growing from strong supportHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
CADJPY in my view, growing from strong support.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
I don't get comments or likes, simple analysis CAD/JPYMy account is not popular and does not collect many likes, but check all my Forex analyzes
But most of my analyzes are correct and accurate
Analysis like my previous analyzes in forex .. Review them well and you will find that they are all correct and come with goals in a short time
Most of them are long term
Thank you very much
CADJPY BREAKING TRENDLINE! THE BEGINNING OF UPSIDE MOVEMENT?CADJPY broke the symmetrical triangle pattern and has a probability to continue moving upward. The momentum indicator is flattening in the overbought area, indicating that CADJPY has a chance to create a base before going up to the target area.
The Roadmap will be invalid after exceeding the target or support area.