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Cadjpytrade

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.
by benny_marshall
1
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.
by benny_marshall
1
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
by benny_marshall
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.
Long
by NDOBObanks
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. Press the like button if you enjoy this content :)
Long
by ForexWizard01
CadJpy- Where to sell?The long-term trend for CadJpy is up for quite some time and although I don't expect this to change soon, at this moment a deeper correction could follow. The recent break above 108 is a false one and this can lead to a break down of the trend line support. 108 remains strong resistance and in this zone, traders should look for selling opportunities. As a target, the horizontal 102 level can serve as a target and a break above 110 negates this scenario.
Short
by Mihai_Iacob
1
CAD/JPY :: wait for the best time !CAD/JPY ::: 1_ Orange channel :: It is drawn in the time frame of one hour. It is currently at the ceiling of this channel, and its ceiling is a good resistance and will lead the price down to a large extent . 2_ Blue channel :: It is drawn in the time frame of 4 hours. And the price reacts a lot to the bottom of the blue channel, but has not been able to break it yet . 3_ The best decision :: wait until the price either breaks the ceiling of the orange channel or the bottom of the blue channel 4_ the targets will be as follows :: If the roof of the orange channel is broken: range 117 . If the bottom of the blue channel is broken: range 101 .
by The_Best_Trader_1991
1
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. That was the recent FUNDAMENTAL incident. - But after that the price of OIL went down very fast. Due to this reason CAD went down very fast. 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. - There is a very high possibility that CADJPY will move up to the 108.032 level. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 102.990 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT. cadjpy
by benny_marshall
4