Get started

Cadjpytechnicalanalysis

CADJPY I Potential bearish trend continuation Welcome back! Let me know your thoughts in the comments! ** CADJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
4
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. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. The reason for that is because the Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 103.110 LEVEL. Before that, there is a very high possibility of selling to the 94.00 level. So FOLLOW STRUCTURES.
by benny_marshall
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 101.00 level. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall
CADJPY : Current Situation & Technical , Fundamental View- The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY BUY NOT BE WITHOUT VIX DOWNING THE JAPANESE YEN is also slightly down. For these reasons, the CADJPY price may rise further. Today is the day of the CAD CENTRAL BANK DECISION. So you definitely have to pay attention to it. - CAD FEATURE currently stands at 0.7902 LEVEL. Also the JPY FEATURE stays at 0.0077 LEVEL. The CADJPY PRICE is located above the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be down after a RETRACEMENT SHORT TERM. - STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status has been weighed down. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD. - The CADJPY PRICE can be UP to the RESISTANCE AREA above before the SHORT TERM DOWN. That is 104.183 LEVEL can be UP. If the MARKET SENTIMENT does not continue to function or the MARKET RISK is OFF then the PRICE can be DOWN to CADJPY 97.84 LEVELS.
by benny_marshall
CADJPY : Current Situation & Technical , Fundamental View⛔️ There is no special INDICATOR for Canadian dollars today. Also, there is no special INDICATOR DATA for JPY. This is why CAD OIL PRICE and JPY MARKET SENTIMENT are FOLLOWED. ⛔️ The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY 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 0.7665 LEVEL. Also the JPY FEATURE stays at 0.00778 LEVEL. The CADJPY PRICE is located below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be DOWN after another RETRACEMENT SHORT TERM. ⛔️ STOCKS are currently DOWN. And VIX is becoming UP. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are going down. Also BONDS SPREADS are becoming UP. By now the MARKET RISK is OFF. So definitely create a DOWN TREND for AUD CAD NZD and a UP TREND for JPY CHF USD. ⛔️ The CADJPY PRICE can be UP to the SUPPORT AREA above before the SHORT TERM DOWN. That is, 100.255 LEVEL can be UP. After that, if this MARKET SENTIMENT continues to operate, the PRICE can be down to CADJPY 95.71 LEVELS. There is not much important news for Japanese YEN and CAD today but most of the CADJPY MARKET SENTIMENT is FOLLOWED. According to the MARKET SENTIMENT, the CADJPY price may move slightly lower. Stay tuned for VIX and OIL PRICES.
by benny_marshall
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