Get started

Cadjpylong

cadjpyWhile CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY rates were embarking on an earnest bullish breakout attempt… CAD/JPY rates are starting to regain bullish momentum.While the CAD/JPY chart suggests more patience is required, traders should be on alert for another attempt at parallel channel resistance in the 81.58 to 81.91 zone in the next week or two.
by EricKimani
CADJPY is approaching first support, potential for a bounce!Price is approaching our first support at 81.403, which is in line with our 127.2% Fibonacci extension and horizontal swing low support. It could potentially bounce from first support and rise further to our first resistance at 81.727, in line with our 50% Fibonacci extension, 50% Fibonacci retracement and horizontal swing high resistance. It is also worth noting that price is now above the EMA (55) and the ascending trendline, which shows bullish analysis in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
CADJPY is testing support, potential for a further risePrice is testing our first support at 81.549, in line with our 100% Fibonacci extension, 61.8% Fibonacci retracement, and horizontal overlap support. It could potentially bounce from here and rise further to our first resistance at 82.121, in line with our 61.8% Fibonacci extension and horizontal swing high resistance. It is also worth noting that the Ichimoku cloud is also showing bullish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
CADJPY 81.35 + 0.06 % LONG IDEA * PRICE ACTION & STRUCTUREHello everyone Hope you guys are having a good trading day here's a swing idea on the CAD/YEN which is still trading in a descending channel structure pictured clearly on higher time frames looking for a test of the roof of this structure and will be monitoring price at this level. coming down to the 4H chart we just saw a rejection at resistance level 81.57, looking to see a break of this structure in the near future and will be planning for long entries. The pair remains in a strong uptrend hitting HH AND LH so will be looking for a break of the above mentioned resistance. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET THE WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
2
Uptrend in CADJPYWe are currently in a very good looking uptrend that is gathering strength to continue. The last part of this trend starts from the middle of the previous month. Current levels are important, where the price meets resistance from the daily chart. However, it seems that there will be strength to break and reach the following resistances: 81.85 82.05 82.27 You can enter now or wait for it to break. In both cases, the idea is fail by breaking the previous bottom. If you have questions about how to trade this or another situation, contact us! To support us, like and comment! comments!
Long
by ForexTrendline
1