CADJPY Will Fall! CAD-JPY broke a key horizontal level
and rising support line Then went up to retest it
And now we are already seeing
A bearish reaction so I am bearish biased
And I think that the pair will go down
Cadjpysignal
DeGRAM | CADJPY bearish opportunityCADJPY is making lower lows, an indication of the downtrend.
Price has reached the lower border of the descending channel, and now it's moving up to test the upper border of the channel.
The channel border acts as a dynamic S/R.
Price at the confluence zone: dynamic resistance, swing zone, and equal-measured move.
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DeGRAM | CADJPY bearish pressure CADJPY is trading in the descending channel .
The market is consolidating at the resistance level .
Price action is printing equal lows and lower highs, an indication of bearish pressure.
Price is likely to test the support level .
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CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that.
- Currently, the price of OIL is rising very fast. For this reason, CAD should be a BUY in the future.
- Definitely CADJPY should be slightly UP until 108.500 LEVEL. Before that, there is a very high possibility that the 102.910 LEVEL will be sold. The reason for that is because even now OIL PRICES are going up a bit.
CADJPY Will Fall! CAD-JPY broke out of the rising wedge
And went down .
Now, the pair is making a bullish pullback
To retest a horizontal resistance level AT 106.361
From where I believe we will see
A further move down !!
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that.
- Currently, the price of OIL is rising very fast. For this reason, CAD should be a BUY in the future.
- Definitely CADJPY should be slightly UP until 108.500 LEVEL. Before that, there is a very high possibility of selling to the 105.00 level. The reason for that is because even now OIL PRICES are going up a bit.
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that.
- 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.
- Definitely CADJPY should be slightly UP until 110.849 LEVEL. After that, there is a very high possibility to sell to 104.602 LEVEL. The reason for that is because even now OIL PRICES are going up a bit. cadjpy
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.
CADJPY (10/19/2022)HELLO DEAR
Open Position : 108.600
S/L : 104.300
Take Profit : 113.000
BEST REGARDS.
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.
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CAD/JPY SELL Signal View....
Hello Traders, 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 watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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CAD JPY Technical AnalysisThe Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
DeGRAM | CADJPY bullish opportunityCADJPY moving in the descending channel.
The market formed a consolidation 2 week ago and it's still moving sideways.
Price is approaching the psychological level of 105.000.
We expect retest of the support level and bullish move .
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CAD/JPY Powerful SELL Signal View....
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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CADJPY Eve Bottom indication long for 108.60Eve bottom formed cadjpy daily time frame. Demand zone 105.45 & 104.75 for long target 108.60. stop loss 104.50.
DeGRAM | CADJPY bearish opportunityCADJPY is consolidating after following a bearish move.
Price is coiling up before expansion, and it broke and closed below the range zone.
If resistance level rejects price, then we can look for selling opportunities.
We expect further bearish move.
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DeGRAM | CADJPY bearish opportunityCADJPY is consolidating after following a bearish move.
Price is coiling up before expansion.
If resistance level rejects price, then we can look for selling opportunities.
We expect further bearish move.
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⭕the best buying and selling areas for the CAD/JPY🧨🔥🔰You can see the analysis of the Canadian dollar to Japanese yen currency pair in the four-hour time frame (CADJPY_ 4H)🔍💣
💥As it is clear from the picture, the price is moving in an Bullish parallel channel🖤❗If the price can break the lower line of the channel (dynamic support) and stabilize❗ below it, then it can have a downward trend until the DEMAND zone and Support🧡 🔻
If the price can break the Downward trend line🖤 and stabilize❗ above it, it can experience an increase up to the Resistance🧡, and if it breaks the upward Resistance🧡 and stabilizes❗ above it, it can have another increase up to the SUPPLY zone🔺🚀
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
_________📈TRADER STREET📉__________
CAD/JPY :: It is always on my targets .CAD/JPY :::
The previous analysis is still usable and you can choose the next targets by looking at it .
<<< GOOD LUCK >>>
DeGRAM | CADJPY bearish opportunityCADJPY currently is testing a major resistance level , which is a swing zone.
If the market forms a double top with divergence or creates false breaks at the resistance level , then we can look for a selling opportunity.
We expect a pullback from the level; an alternative scenario is a consolidation at the resistance.
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CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. Also, in the last few days, JPY WEAKNESS came unexpectedly. They are the FUNDAMENTAL event.
- But after that the price of OIL rose very fast. Due to this reason CAD became STRONG very fast before. You can check it by going to CAD CHARTS.
But now with JPY WEAKNESS, CADJPY is getting BUY very fast.
- Right now the MARKET is getting somewhat RISK ON, JPY is going down, so CADJPY is getting BUY.
- Definitely CADJPY should be slightly DOWN until 107.621 LEVEL. After that, the possibility of moving to 112.862 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 103.955 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT.
CADJPY🔰As for the analysis of the #CADJPY pair, its trend during the previous hours is descending according to the daily frame analysis (re-correction of the resistance break).. The targets are as shown in the image..
